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27.06.2023 15:16

Target levels and forecast for the week 26.06. 30.06.



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Target levels and forecast for the week 26.06.  30.06. The market is entering a three-week phase of volatility with the release of important U.S. data that will determine the Fed's July decision, in addition, to the end of the quarter this week, which could increase capital outflows from the equity market.Pay attention to the publication of the US RCE inflation report on Friday, high core inflation will increase market concerns about continuing to raise the Fed rate cycle, while a decrease in core inflation will give rise to risk appetite.Powell's double appearance at the ECB forum is a recognition of Lagarde's prestige, but in fact, Powell is simply pleased to attend a summit of countries that have similar problems with inflation, but the economy, unlike the United States, is already in recession. Serious revelations from the head of the Fed should not be expected.The Fed's stress tests, like any other Central Bank, are carried out to prove that banks are reliable and stable. We recommend studying the results, but there will be no strong market reaction.China is returning to markets today, adding liquidity to all Asian assets.Recall the fundamental events that you need to pay attention to (GMT 0 time):Tue, 27USD: API Weekly Crude Oil Stock (20:30)Wed, 28AUD: CPI (01:30)GBP: BoE Gov Bailey Speaks (13:30)EUR: ECB President Lagarde Speaks (13:30), (15:00) USD: Fed Chair Powell Speaks (13:30); Crude Oil Inventories (+Cushing) (14:30); Fed Bank Stress Test Results (20:30)Thu, 29AUD: Retail Sales (01:30)EUR: ECB Economic Bulletin (08:00); EU Leaders Summit (10:00)USD: Fed Chair Powell Speaks (06:30); GDP, GDP Price Index,  Initial Jobless Claims (12:30)Fri, 30CNY: Manufacturing, Non-Manufacturing, Chinese Composite PMI (01:30) GBP: GDP (06:00)EUR: CPI, Unemployment Rate (09:00); EU Leaders Summit (10:00)USD: Core PCE Price Index (12:30)For more news  see Economic Calendar.Profits to yall!#EURUSD #GBPUSD #USDJPY #XTIUSD #Profits #ForexChief #forexsignals #MarketFocus #forexnews #Stock #StopLoss #EconomicCalendar #worldnews #forexmarket

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