economic calendar forex factory

Summary:

  • Euro strengthening against the USD as market expectations for rising interest rates grow.
  • GBP strengthened on Friday.
  • Too soon to assume bearish USD sentiment.

Read next: FTSE 100 Index Rises Thanks To Shell and BP Stocks, British Pound (GBP) Weakens After Thursday Morning Strengthen 

ECB interest rate expectations offer EUR support

The market is reflecting bullish signals for this currency pair. The Euro has been strengthening recently due to growing expectations of the European Central Bank rising the interest rates. The market is now anticipating a 100bp hike in the rates starting in July.

At this point in time it is difficult to assume that the US Dollar will remain weak. The market has seen expectations of Fed interest rate hikes decrease, however, the increasing inflation seems to be keeping the Fed on track whilst tensions in China and between Russia and the Ukraine continue.

Market Expectations For ECB To Hike Interest Rates Grow (EUR/USD), Sunak’s Move To Stimulate The UK Economy Offers GBP Support(EUR/GBP), Weaker USD boosts AUD (AUD/USD), USD/JPY) - 1 EUR/USD Price Chart

Sunak’s giveaway offers support to GBP

The market is ref

Energy and Metals Decline, Wheat Rallies Amid Disappointing Chinese Growth

Hawkish ECB Bodes Well For The Euro, UK PMI Data Disappoints (EUR/GBP), Hawkish SNB Offers Swiss Franc Still Support (USD/CHF), AUD/JPY - Good Morning Forex!

Rebecca Duthie Rebecca Duthie 24.05.2022 13:23
Summary: The ECB turning hawkish is causing the Euro to strengthen. Disappointing PMI data caused the GBP to weaken. Hawkish SNB offers CHF support. Read next: ECB Offering The Euro Support (EUR/USD), Strengthening Of The Renminbi Supporting The EUR and GBP, SNB Turns Hawkish (EUR/CHF) - Good Morning Forex!  Euro trumps US Dollar Market sentiment for this currency pair is reflecting bullish signals, which means investors are confident in the Euro. The strengthening of the Euro comes after the European Central Bank’s (ECB) President Christine Lagarde confirmed market expectations that the ECB would raise interest rates in July. The hawkish sentiment of the ECB has instilled investor confidence in the Euro, despite the continuing hawkish Fed, investors are still turning to the Euro due to concerns around the US economy falling into a recession. EUR/USD Price Chart Pound Sterling Weakens after PMI data release The Release of PMI data showed that the UK economy was close to contracting in May, the results came in well below expectations, a figure that is out of the ordinary. The Pound Sterling weakened based on this news and JP Morgan has flagged the UK economy as the “poster child” for stagflation. The market sentiment for the EUR/GBP currency pair is reflecting bullish signals. EUR/GBP Price Chart Swiss Franc continues to trump US Dollar Market sentiment for this currency pair is reflecting a bearish sentiment. Late last week and this week the Swiss Franc began strengthening against the US Dollar, this comes in the wake of both the concerns around the slowing US economy and in conjunction the hawkish attitude from the Swiss National Bank (SNB). USD/CHF Price Chart AUD/JPY currency pair Market sentiment for this currency pair is reflecting bullish signals. This currency pair has experienced a lot of volatility over the past week. In addition there is a temporary pause in the growth of the JPY as investors are starting to be less weary about taking on some risk. AUD/JPY Price Chart Read next: (DJIA) Dow Jones Index Rising, Investors Confidence In The Euro Is Looking Bullish As ECB Confirm Interest Rate Increases  Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
JPY: Assessing the FX Intervention Zone and Market Conditions

Market Expectations For ECB To Hike Interest Rates Grow (EUR/USD), Sunak’s Move To Stimulate The UK Economy Offers GBP Support(EUR/GBP), Weaker USD boosts AUD (AUD/USD), USD/JPY)

Rebecca Duthie Rebecca Duthie 27.05.2022 15:51
Summary: Euro strengthening against the USD as market expectations for rising interest rates grow. GBP strengthened on Friday. Too soon to assume bearish USD sentiment. Read next: FTSE 100 Index Rises Thanks To Shell and BP Stocks, British Pound (GBP) Weakens After Thursday Morning Strengthen  ECB interest rate expectations offer EUR support The market is reflecting bullish signals for this currency pair. The Euro has been strengthening recently due to growing expectations of the European Central Bank rising the interest rates. The market is now anticipating a 100bp hike in the rates starting in July. At this point in time it is difficult to assume that the US Dollar will remain weak. The market has seen expectations of Fed interest rate hikes decrease, however, the increasing inflation seems to be keeping the Fed on track whilst tensions in China and between Russia and the Ukraine continue. EUR/USD Price Chart Sunak’s giveaway offers support to GBP The market is reflecting mixed market sentiment for this currency pair. On Thursday Rishi Sunak announced that the UK government would be giving GBP15 billion to UK households in an attempt to boost consumer attitudes. On Friday the Pound Sterling strengthened against the euro as the move offered GBP support, in addition UK consumers are instilled with more confidence in spending. In addition, the windfall tax that was implemented against oil companies has also offered GBP support. EUR/GBP Price Chart AUD is boosted by weaker USD Market sentiment for this currency pair is reflecting bullish signals. Investor confidence in the Australian Dollar comes from a combination of a recovery in risk assets and weaker US Dollar in the wake of a Fed member hinting that there could be a pause in tightening monetary policy in September. AUD/USD Price Chart JPY underperforms The market sentiment for this currency pair is reflecting bullish signals. Both the US Dollar and Japanese Yen were market underperformers during the Asian session. The US Dollar is, however, outperforming the Yen. USD/JPY Price Chart Read next: FOMC Meeting Minutes Offer Support To The US Dollar (EUR/USD), Improved Market Attitude Favoured The GBP On Thursday (EUR/GBP, GBP/USD), Market Awaits RBA Monetary Policy  Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
FX Street Economic Calendar. Euro (EUR), US Dollar (USD, Pound (GBP), Russian ruble (RUB)...

FX Street Economic Calendar. Euro (EUR), US Dollar (USD, Pound (GBP), Russian ruble (RUB)...

Ed Moya Ed Moya 09.05.2022 07:12
Economic Calendar Saturday, May 7 Economic Data/Events: China forex reserves Sunday, May 8 Economic Data/Events: Former secretary for security and chief secretary John Lee is expected to be named replacement for Hong Kong Chief Executive Carrie Lam. Atlanta Fed financial market conference starts Monday, May 9 Economic Data/Events: US Wholesale Inventories President Putin expected to speak BOJ releases Minutes to last policy decision Mexico CPI China Trade, aggregate financing, money supply, new yuan loans France Trade Singapore foreign reserves Indonesia GDP, CPI, consumer confidence Japan cash earnings, PMI services, composite Tuesday, May 10 Economic Data/Events: Fed’s Mester and Bostic speak at Atlanta Fed conference Fed’s Williams speaks NABE/Bundesbank symposium Fed’s Waller and Kashkari speak at the Economic Club of Minnesota Germany ZEW survey expectations Italy industrial production Italy PM Draghi visits White House Japan household spending Mexico international reserves New Zealand home sales, card spending Australia household spending, business confidence, retail sales Thailand consumer confidence EVENTS: Wednesday, May 11 Economic Data/Events: US CPI Fed’s Bostic speaks China CPI, FDI Germany CPI ECB’s Knot speaks in Madrid Australia consumer confidence Japan leading index EIA Crude Oil Inventory Report Thursday, May 12 Economic Data/Events: US PPI, initial jobless claims Fed’s Daly speaks in Alaska President Biden hosts special summit of ASEAN leaders USDA World Agricultural Supply/Demand report UK GDP G-7 and NATO foreign ministers meetings begin in Germany India CPI UK Industrial production Mexico central bank (Banxico) rate decision: Expected to raise Overnight Rate by 50bps to 7.00% Mexico industrial production Russia trade Japan BoP, bank lending, bankruptcies New Zealand food prices, net migration, inflation expectations Australia consumer inflation expectations South Africa manufacturing production Friday, May 13 Economic Data/Events: US University of Michigan consumer sentiment Federal Reserve Bank of New York hosts “Climate Change: Implications for Macroeconomics” symposium France CPI Poland CPI Russia CPI and GDP Norway GDP Eurozone Industrial production Turkey Industrial production Canada existing home sales India trade Japan money stock New Zealand manufacturing index Thailand foreign reserves, forward contracts China medium-term lending RBA Bullock speaks Sovereign Rating Updates: Switzerland (Fitch) Iceland(S&P)   This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

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