The index compiler of Japan’s Nikkei 225 Stock Average is expected to announce its periodic review, with analysts forecasting the blue-chip gauge will add Muji chain operator Ryohin Keikaku https://t.co/v2xuzJY5NH
Initial key Fed Powell comments 👇
💥 Will make decisions MEETING BY MEETING
💥 Future hikes DATA DEPENDENT
➡️ Havent made decision to go to every other meeting
➡️ Still a long way to 2% CPI, full tightening effect not yet felt
🔻CPI will likely mean below trend growth
Top 7 Trading Rules
1. Always have a trading plan
2. Trade with the trend
3. Always use a stop
4. Do not add to losers
5. Never risk more than 1% on a single trade
6. Do not over trade
7. Do not revenge trade
Next week 👇
🇺🇸 US
- CPI & PPI
- Beige Book
- UMich Sentiment
🇨🇦 BoC mtg (+25bp forecast)
🇳🇿 RBNZ mtg (no hike forecast)
🇬🇧 UK
- Jobs
- IP
- GDP
- Trade
🇪🇺 EZ
- GE ZEW
- EZ IP
🇨🇳 China
- Inflation
- Trade
🇺🇸 USD broadly lower despite ⬆️ in yields & hawkish Fed
🇪🇺 EUR ⬆️ on stronger GE regional CPI but national CPI due
🇬🇧 GBP steadies after biggest one day loss this month
🇦🇺 AUD ⬆️ on ⬆️ retail sales
🇳🇿 NZD ⬆️ on ⬆️ biz confidence
🇯🇵 JPY ⬆️ on ⬆️ retail sales
Crude benchmarks are firmer intraday though more broadly are consolidating after Monday's subdued settlement, action which was driven in part by Goldman Sachs cutting its forecasts.
DXY slightly softened in rangebound trade ahead of the looming risk events beginning the CPI data on Tuesday on which, Citi has noted that markets are mispricing downside risks for inflation.
Looking ahead, highlights include US CPI, UK Jobs Report, EU & German ZEW, Speeches from BoE's Bailey, Dhingra & ECB's Enria, Supply from Italy, UK, German & US.
5 Reasons this is a BIG Week for US Dollar
#eurusd
1. Fed Meeting + Economic Projections
2. Inflation Report (CPI)
3. Retail Sales
4. Empire State Manufacturing Index
5. Philly Fed Manufacturing Index
BRACE yourself for a VERY active week. These are the numbers to watch👇 📷 US - FOMC - CPI - Retail Sales - UMich Sentiment 📷 BoJ Rate Decision 📷 UK Jobs 📷 NZ Q1 GDP 📷 CN IP 🇳🇿🇨🇳
Hello Everyone
Stock futures up in end of week rally
#Oil extends gains
#GOLD flat
#CAD tests 2 month highs ahead of JOBS data
#EUR weakest
#AUD 6 out of last 7 days
#JPY broadly lower on equity rally ⬆️🇯🇵🔻