24.07.2023 12:05
Target levels and forecast for the week 24.07. 28.07.
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Target levels and forecast for the week 24.07. 28.07.Markets are waiting for the Fed and ECB to raise rates by 25 points. The Fed's hints at the possibility of ending the tightening regime will be positive for stocks and commodities, especially for gold. Conversely, with a tougher tone from the Fed, equities, oil and gold risk coming under profit-taking pressure.If Lagarde does not bring new arguments for the current rate policy, then the euro runs the risk of drawing a spike down by 1.5-2 figures.Between the government of Japan and the head of BOJ Ueda, there is an agreement on the immutability of monetary policy statements due to the high risk of early parliamentary elections in the fall. But the accompanying statement is worth reading and listening to the press conference, as any play on the carry trade adds liquidity to the markets.Recall the fundamental events that you need to pay attention to (GMT 0 time):Tue, 25Earnings Dates & Reports: Microsoft, Alphabet, Visa, Louis Vuitton, Danaher, Texas Instruments, NextEra Energy, Verizon, General ElectricUSD: API Weekly Crude Oil Stock (20:30)Wed, 26Earnings Dates & Reports: Meta, Coca-Cola, Boeing, Airbus, Rio Tinto, AT&T, Equinor, CMEAUD: CPI (01:30)USD: Crude Oil Inventories (+Cushing) (14:30); FOMC Statement, Fed Interest Rate Decision (18:00); FOMC Press Conference (18:30) Thu, 27Earnings Dates & Reports: Mastercard, Samsung, Nestle, McDonald's, Shell, Comcast, Intel EUR: ECB Interest Rate Decision (12:15); ECB Press Conference (12:45)USD: GDP, Initial Jobless Claims, Goods Trade Balance (12:30); Fed's Balance Sheet (20:30)Fri, 28Earnings Dates & Reports: Exxon Mobil, Procter&Gamble, Chevron, Hermes, AstraZeneca, Sanofi, Colgate-PalmoliveAUD: PPI, Retail Sales (01:30)JPY: BoJ Monetary Policy Statement, Outlook Report, Interest Rate Decision (03:00); BoJ Press Conference (06:00)USD: PCE, 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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