Eplanet Times No.2 weekly forex newspaper introduction
As a comprehensive forex-based resource, ePlanet Times (weekly forex newspaper) 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 ePlanet Times the 2nd Edition
The second issue of ePlanet Times highlights the recent geopolitical tension between Iran and Israel. The editor-in-chief has redirected the analysis towards economic perspectives to tackle the Middle East unrest. Furthermore, various assets have been scrutinized in terms of their impact on prices, following the usual weekly practice.
ePlanet Times analyzed the recent major geopolitical event involving Iran and Israel. They interpreted Iran’s actions as preemptive moves rather than a declaration of war. This situation caused gold prices to rise to $2418 and US crude oil prices to exceed $85 per barrel. Notably, the United States, a key ally of Israel, maintained a neutral stance and did not back Israel’s retaliatory measures against Iran. Consequently, expectations of ongoing tensions decreased, leading to a decline in asset prices expected to rise during conflicts.
Last week, retail sales in the US saw growth in the control group, which will directly affect the country’s GDP. China’s GDP data showed a 5.3% increase compared to the first quarter of last year, with its economic growth target for 2024 remaining at 5%, consistent with 2023. A notable event was the decline in inflation in Canada, supported by market participants, which may prompt the Bank of Canada to lower interest rates in June.
In its News Digest segment, ePlanet Times discusses Bank of America’s forecast of interest rate stability until September by the Federal Reserve, and J.P. Morgan’s projection of gold reaching $2500. It also highlights speeches by central bank officials like David Ramsden of the European Central Bank, and comments from Loretta Mester and John Williams of the Federal Reserve.
In the upcoming week’s forecast section, ePlanet Times covers significant economic data from Asia to America, including earnings reports from tech giants like Microsoft, Meta, Alphabet, and Amazon, as well as major companies such as Boeing, Visa, and Chevron. Tuesday’s pivotal data, featuring purchasing managers’ indices (PMIs) in the Eurozone, Germany, and the UK, along with economic indicators from Britain and the US, is expected to strongly influence market participants.The newsletter also mentions the upcoming release of US GDP data for the first quarter and the Federal Reserve’s inflation measure, Core PCE. It also notes the upcoming Bank of Japan meeting, which depends on continued net inflation growth in the coming months.
The economic analysis section of the week is dedicated to the analysis of crude oil by Negar Khoramnik and in the technical analysis of the week, symbols like EURNZD, CADCHF, GBPJPY, and AUDUSD are analyzed by ePlanet Markets’ Technical analyst Siamak Asadi.
Click here to view the previous version Eplanet Times No.1
