In the week ahead, market participants will be closely monitoring several vital economic events, including interest rate decisions by major central banks and the release of US Producer Price Index (PPI) and Consumer Price Index (CPI) data.
Market watchers and financial experts are expected to pay close attention to these releases, eager to understand their potential impact on financial markets and the global economy as a whole.
US CPI rose 0.4% month-over-month in April 2023, higher than the 0.1% increase seen in March.
Analysts anticipate a 0.3% rise for May data, scheduled for release on 13 June 2023.
Producer prices for final demand in the US increased 0.2% month-over-month in April 2023, following a downwardly revised 0.4% drop in March.
For May 2023 data, set to be released on 14 June 2023, analysts expect a 0.1% increase.
During its May meeting, the Fed increased the Fed funds rate by 25bps, reaching a range of 5%-5.25%. This marks the 10th hike, setting borrowing costs at their highest since September 2007.
For the upcoming meeting on 14 June 2023, analysts forecast that the Fed will hold the rate steady at 5.25%.
In April 2023, Australia’s employment saw an unanticipated drop of 4,300, bringing the total to 13.88 million. The unemployment rate increased unexpectedly to 3.7%.
Data for May 2023 is scheduled for release on 15 June 2023, and analysts predict a 20,000 rise in employment with the unemployment rate staying at 3.7%.
During its May meeting, the ECB raised its key interest rates by 25 bps to 3.75%, signalling a slower pace of policy tightening. In a press conference, President Lagarde mentioned that the ECB still had progress to make and did not intend to halt the cycle of rate increases soon.
Analysts anticipate that for June, the central will increase its interest rates by 25 bps to 4.0%.
Retail sales in the US increased 0.4% month-on-month in April 2023, rebounding from two consecutive months of declines.
For May 2023 data, which will be released on 15 June, analysts expect a 0.5% increase.
In April, the Bank of Japan unanimously voted to maintain its key short-term interest rate at -0.1% and 10-year bond yields at around 0%. They also altered guidance on their policy rate by removing references to guarding against risks from the COVID pandemic and maintaining interest rates at “current or lower levels.”
Analysts predict that for June, the rate will remain unchanged.
자주하는 질문
홍보
Risk Warning: Trading CFDs carries a high level of risk and may not be suitable for all investors. Leverage in CFD trading can magnify gains and losses, potentially exceeding your original capital. It’s crucial to fully understand and acknowledge the associated risks before trading CFDs. Consider your financial situation, investment goals, and risk tolerance before making trading decisions. Past performance is not indicative of future results. Refer to our legal documents for a comprehensive understanding of CFD trading risks.
The information on this website is general and doesn’t account for your individual goals, financial situation, or needs. VT Markets cannot be held liable for the relevance, accuracy, timeliness, or completeness of any website information.
Our services and information on this website are not provided to residents of certain countries, including the United States, Singapore, Russia, and jurisdictions listed on the FATF and global sanctions lists. They are not intended for distribution or use in any location where such distribution or use would contravene local law or regulation.
VT Markets is a brand name with multiple entities authorised and registered in various jurisdictions.
· VT Global Pty Ltd is authorised and regulated by the Australian Securities & Investments Commission (ASIC) under licence number 516246.
· VT Global is not an issuer or market maker of derivatives and is only allowed to provide services to wholesale clients.
· VT Markets (Pty) Ltd is an authorised Financial Service Provider (FSP) registered and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa under license number 50865.
· VT Markets Limited is an investment dealer authorised and regulated by the Mauritius Financial Services Commission (FSC) under license number GB23202269.
· VTMarkets Ltd, registered in the Republic of Cyprus with registration number HE436466 and registered address at Archbishop Makarios III, 160, Floor 1, 3026, Limassol, Cyprus.
Copyright © 2024 VT Markets.