JPY: threatened


This week, capital markets will remain nervous waiting for an energy crisis in Europe and growth of interest rate in the US.

JPY: threatened

This week, Japan will be extremely active on the macroeconomic calendar. It will publish retail sales and industrial production info and the CCI. These statistics are truly important for understanding the country’s state of economy.

Locally, inflation is growing but what is left of it if we exclude energy carriers? The Bank of Japan does not have yet any strategy of lifting prices efficiently, which means the JPY is vulnerable.

USD: eyes on employment

USD: eyes on employment

The US are preparing a whole block of important statistics, including Conference Board CCI, the PMI in production and non-production, and employment market data for August. Most attention remains on the Fed’s plan to keep on increasing the interest rate, and this supports the USD.

EUR: stressed by high inflation

EUR: stressed by high inflation

In the Euro zone, the main release will be the prelim inflation forecast for August. It is expected to reach 9% y/y when earlier it amounted to 8.9%. If the statistics turn out as expected, the EUR might start selling.

China: negative expectations

China: negative expectations

China will publish the PMI in production and services. These two sectors are expected to slow down, which might provoke sales in currencies and risky assets.

GBP: social discontent grows

GBP: social discontent grows

All attention in Great Britain is now focused on the growth of prices on electricity for consumers. Such a situation is likely to heat up inflation and cause a wave of strikes of civil servants who do not see their wages grow according to prices. Social tension in the country is growing, and this is bad for the GBP.

Material is prepared by

Anna Rostova

A Forex trader with a more than 10-years experience in leading investment banks. She gives her weighted view of markets through analytical articles, regularly published by RoboForex and other popular financial sources.



Image and article originally from blog.roboforex.com. Read the original article here.