The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
Monday News: China Brings Surprises
Information is not investment advice
This week’s attention should be given to China, which pops up in some news on several occasions.
A 7% drop in the Chinese tech index hit the region, leaving the Asia-Pacific stock index in the red for the second session. It is also due to the Covid lockdown in Shenzhen, the technology hub, which has increased the geopolitical and regulatory risks facing the sector. It happened partly because of strained relations between the US and China.
XBR fell, staying above $106 a barrel. The resistance is $111.70, the support is $106.10.
The ruble showed a slight strengthening against the US dollar. Now USDRUB is approximately $131.
XAU dropped 0.5% to $1975 an ounce after last week’s peak at $2069.
The key indicator of inflation expectations in the US rose to 3% and approached a record high level.
The Bank of England is expected to raise its rates to 0.75% on Thursday, which will be the third increase in a row.
Key events this week:
The US PPI m/m, March 15, 02:30 PM MT
The UK Official Bank Rate, March 17, 02:00 PM MT
The US Fed Funds Rate, March 16, 08:00 PM MT
What are your trading ideas this week? Share in the comments!
The United States Bureau of Economic Analysis will release monthly Personal Consumption Expenditures (PCE) on April 29, 15:30 GMT+3.
United States Bureau of Economic Analysis will release Gross Domestic Product (Advance GDP) on April 28, 15:30 GMT+3.
The governor of the Bank of England, Andrew Bailey, will hold a speech on June 29 at 15:30 MT time (GMT+3).
The US Markit will publish Flash Manufacturing and Flash Services PMIs (purchasing managers' indices) on June 23 at 16:45 GMT+3.
The Fed Chair Jerome Powell will testify on the Semi-Annual Monetary Policy Report before the House Financial Services Committee on June 22-23 at 17:00 GMT+3.