29.05.2023 13:11
Target levels and forecast for the week 29.05 02.06.
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Target levels and forecast for the week 29.05 02.06.An agreement was reached to raise the ceiling of the US national debt for 2 years, and the idea is being discussed in 2025 to cancel this figure altogether.Voting should take place 72 hours after the publication of the bill, that is, on Wednesday. The right-wing of the Republicans is extremely dissatisfied with the agreement reached and continues to unnerve the market. Yellen warned of rising risk in the banking sector, so the threat of downgrading the US remains.The reaction in the foreign exchange market is purely speculative. Optimism at the opening of the week will be short-term, we are waiting for a change in the dynamics in the debt market: the yield of short-term US T-bills will decrease, and long-term securities will begin to grow slowly. If the Fed also takes the risk of raising interest rates again, then Treasuries will provide a more serious and safe return than the average return of the broad market with recession risks.America will return to the market tomorrow. This week, the only pain point is Nonfarm Payrolls. Please note that regular reports on oil reserves are shifted by one day.Recall the fundamental events that you need to pay attention to (GMT 0 time):Tue, 30USD: CB Consumer Confidence (14:00)JPY: Industrial Production, Retail Sales (23:50)Wed, 31AUD: CPI (01:30)EUR: ECB Financial Stability Review (08:00)USD: JOLTs Job Openings (14:00); Beige Book(18:00); API Weekly Crude Oil Stock (20:30)Thu, 01AUD: Retail Sales (01:30)GBP: Manufacturing PMI (08:30) EUR: Manufacturing PMI (08:00); Unemployment Rate, CPI (09:00); ECB Publishes Account of Monetary Policy Meeting (11:30)USD: ADP Nonfarm Employment Change (12:15); Initial Jobless Claims (12:30); Crude Oil Inventories (15:00); Fed's Balance Sheet, Reserve Balances with FRB (20:30)Fri, 02USD: Nonfarm Payrolls, Unemployment Rate (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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