โโ#ForexChief #MarketFocus #forexnews #sanctions #IFO #worldnews #forexmarket #Bailey #Powellโ
๐ Market focus: events of the current weekโ
๐ Main fundamental background will be created by the situation with the military conflict Russia-Ukraine.
Sanctions, embargoes and supply disruptions triggered by Ukrainian crisis are adding to price pressures. Copper, gold, nickel, coal, wheat and other commodities have reached new highs in recent days. There are no events useful for the commodity market in the current calendar, so you will have to work more actively with other sources of information.
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There are a few interesting statistics this week: we pay attention to data on orders for durable goods in the US, UK inflation data, German IFO business climate index and eurozone business activity indicators.
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The summit of EU leaders, Lagarde's speech and comments by other European figures can provide additional information about the European tactics of behaviour in relations with the Russian Federation, as well as a forecast of the impact of
sanctions on the global and European economy.
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On Wednesday, listen to Bailey and Powell.
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specified time is GMT Offset 0โ
Tuesday, 22AUD: RBA Governor Lowe Speaks (01:00)
EUR: ECB President Lagarde Speaks (13:15);
USD: API Weekly Crude Oil Stock
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Wednesday, 23EUR: ECB Non-monetary Policy Meeting (08:00)
GBP: CPI, PPI Input (07:00) Annual Budget Release, BoE Gov Bailey Speaks (12:00)
USD: Fed Chair Powell Speaks (12:00) Crude Oil Cushing Crude Oil Inventories (14:30)
JPY: Monetary Policy Meeting Minutes (23:50)
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Thursday, 24GBP: Composite, Manufacturing, Services PMI (09:30)
EUR: ECB Economic Bulletin, Manufacturing, Markit Composite, Services PMI (09:00); EU Leaders Summit (10:00)
USD: Core Durable Goods Orders, Initial Jobless Claims (12:30); Manufacturing, Markit Composite, Services PMI (13:45)
JPY: Services PMI (00:30); Tokyo Core CPI , CPI Tokyo Ex Food and Energy (23:30)
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Friday, 25GBP: Retail, Core Retail Sales (07:00)
EUR: EU Leaders Summit (10:00)
USD: Pending Home Sales (14:00);
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Profits to yโall!