The Bank of England will publish a monetary policy summary on Thursday, June 16, at 14:00 MT time (GMT+3).
Thursday News: Fed Brings Ideas to Others
Information is not investment advice
After Federal Reserve announced an interest rate, the wave of changes went through different spheres.
The Fed has raised rates by a quarter of a percentage point and has signaled higher rates at all six remaining meetings in 2022. Chairman Jerome Powell said the US economy is "very strong" and can handle monetary tightening.
The dollar was stable, while the yen hovered around a six-year low. USDJPY has rocketed to $118.70.
Crude oil has fallen in price for the third day, partly due to signs of progress in negotiations between Russia and Ukraine. Now XTIUSD is 96.40.
The Chinese HK50 and the US S&P 500 and Nasdaq 100 (US500 and US100) rose on Wednesday as market sentiment improved on Chinese economic support, Fed optimism and hopes for progress in Russia-Ukraine ceasefire talks.
The President of Ukraine signed a bill on the legalization of cryptocurrency. The bill is called “On Virtual Assets” and establishes the legal basis for the operation of a regulated crypto market in the country.
Toyota suspended the work of two of its plants in Japan after the earthquake.
Have a nice trading day!
The Federal Reserve will make a statement regarding the future monetary policy on Wednesday, June 15, at 21:00 MT time (GMT+3).
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
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.