US CPI & FOMC Decision Will Mark The Week! | The ECB, The Norges Bank, The Swiss National Bank And The BoE Interest Rates Decisons Arrive This Thursday
Aa
Share
Friday’s US PPI print was soft, but not soft enough to meet market expectations. The US dollar spiked following the data, closed the week on a strong footage in America and opened the week on a strong footage in Asia. Trend and momentum indicators turned positive last week, and the dollar could gain more field before two important events that will mark the trading week: US November CPI on Wednesday, and the FOMC decision on Wednesday.
Interest rates
It's important to remember that there is a gap between what the Fed says it will do, and what the market thinks, and prices the Fed will do, even a tiny hawkish message could already weigh on the mood before Xmas.
Elsewhere, the European Central Bank (ECB), the Bank of England (BoE), the Swiss National Bank (SNB) and Norges Bank are all due to raise interest rates this Thursday, and most of them are expected to follow the Fed with a 50bp hike.
How could it impact the euro, sterling and the franc?
Watch the full episode to find out more!
- 0:00 Intro
- 0:31 US PPI softened but not enough
- 1:10 US CPI & FOMC decision will mark the week!
- 6:15 Then, ECB is expected to hike 50bp
- 7:26 BoE is expected to hike 50bp
- 8:36 And SNB is also expected to hike 50bp
… but a hawkish Fed statement and the dot plot could boost the USD appetite before Xmas.
Ipek Ozkardeskaya
Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.
#USD #CPI #inflation #data #FOMC #Fed #ECB #BoE #SNB #rate #decision #EUR #GBP #CHF #SPX #Dow #Nasdaq #investing #trading #equities #stocks #cryptocurrencies #FX #bonds #markets #news #Swissquote #MarketTalk #marketanalysis #marketcommentary _____ Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr _____ Discover our brand and philosophy: https://swq.ch/wq Learn more about our employees: https://swq.ch/d5 _____ Let's stay connected: LinkedIn: https://swq.ch/cH
