Forecast for the week August 18, 2014 - August 22, 2014

August 18, 2014

This week, attention should be paid to the publication of the minutes from the last US Federal Reserve meeting, as well as the meeting of representatives of central banks and leading economists at the annual symposium at Jackson Hole. At the time, Ben Bernanke and Alan Greenspan used the annual meeting in Wyoming as a platform for important announcements. This year, a possible comment made by Janet Yellen concerning the terms of increase in key interest rates in the United States, may trigger the curtailing of the carry trade operations in global financial markets.

Tuesday to Thursday, the July statistics on consumer inflation, as well as the data on home sales in the United States will be released. Against the background of the expected consolidation of the world's reserve currency, we do not exclude the EURUSD pair falling to the support level of 1.3335.

In the light of the soft statements coming from the Bank of England, involving an interest rate rise in the UK, only in Q1 of 2015, on Tuesday, buyers of the British currency will be closely monitoring the inflation rates in the country, especially the consumer price index. On Wednesday and Thursday, the volatility of the pound strengthened against the background of the release of the Bank of England's August meeting minutes, as well as the July data on retail sales in the UK. During the week, a consolidation of the pound range 1.6650-1.6750 is expected.

August 21 will be a landmark day for the commodity currencies. On this day, HSBC and Markit will submit a preliminary report for this month on the index of business activity in China's manufacturing sector. In the case of the growth rate above 52 p., the AUD / USD and NZD / USD pairs are likely to test the levels of 0.9370 and 0.8550, respectively.

Publication source
EXNESS information  EXNESS reviews

January 17, 2017
ECB policy was focused on avoiding deflation trap
Asian stock markets were mixed, with Japan and ASX heading south amid reports that U.K. Prime Minister May will announce plans for a hard Brexit at today’s keynote speech. Yen strength is also continuing to put pressure on the Japanese markets...
January 17, 2017
Trump's inauguration and May's speech to shape up the markets this week
Markets started the week with no sharp changes and lower trading volumes, due to the Martin Luther King Day in the US, ahead of the crucial monetary policy decisions of the ECB and BoC...
January 17, 2017
Yen strengthens as markets jittery ahead of May's press conference
The U.S. dollar was trading weak yesterday in a holiday thin trading session. The Japanese yen strengthened strongly in the early hours today as investors turn cautious ahead of the British PM... Rating
Orbex Rating
Tickmill Rating
OANDA Rating
Trade360 Rating
FBS Rating

TopOption Rating
365BinaryOption Rating
Anyoption Rating
OptionFair Rating
EZTrader Rating
OptionRally Rating