Eplanet Times No.1 introduction
As a comprehensive forex-based resource, ePlanet Times enables you to understand and analyze price movements in the global markets. Through this weekly newspaper we strive to create a suitable medium for our traders to recognize factors affecting prices and to prepare them for the key events in the coming week. By providing unbiased opinions and analyses, ePlanet’s analytical team accompanies you towards more conscious and well-informed decisions for their trades.
A Summary of this ePlanet Times
In its first issue, the ePlanet Times weekly reviewed and analyzed the most significant economic events of the pervious week. By Taking a close look at the most impactful developments related to the forex market, commodities and the stock market, this weekly newspaper analyzed the financial markets’ trends in the coming week.
Last week ePlanet Times examined the ECB, the BoC and the RBA’s policy meetings and gave predictions about the future interest rate decisions. According to the economic data published for these countries and many statements from the heads of the said central banks, financial institutions now expect the Central Bank of Canada and The European Central Bank to cut their interest rates in June of this year.
Last week, the release of US inflation data, coupled with ongoing monthly inflation rates, prompted a shift in market sentiment regarding the likelihood of a Federal Reserve interest rate cut in June. Previous expectations of a three-step rate cut in 2024 were revised, with indications now suggesting a only a two-step adjustment beginning in September. This divergence in interest rate trajectories between the US and Europe has garnered attention. The ECB President Christine Lagarde underscored these developments, highlighting the independent paths taken by the European Central Bank and the Federal Reserve.
In the latter section of this weekly magazine, snippets of global economic news were analyzed, with particular emphasis on forecasts from prominent financial institutions including Goldman Sachs, JP Morgan, Wells Fargo, and group, covering the oil market, stock market and interest rates.
During the week ending on April 19, ePlanet Times examined the earnings reports of significant stock market companies and the International Monetary Fund and the World Bank’s spring meetings in Washington. These meetings featured speeches by Jerome Powell of the Federal Reserve and Andrew Bailey from the Bank of England, offering insights into the future trajectory of monetary policies.
This magazine highlighted the pivotal data anticipated for the upcoming week, including analysis and market sentiment towards inflation figures from England, Canada, and New Zealand, along with labor market data from Australia and England. Additionally, the section delved into retail sales statistics for both the United States and the British economy.
In the fundumental analysis segment of the week, ePlanet Times examined the S&P 500 stock index and provided a forecast for its price in the coming week.
And finally, in the section for the technical analysis of the week, currency pairs such as AUDCAD, GBPCAD, GBPUSD and EURAUD were thoroughly analyzed.
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