ePlanet Times No.3 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 3rd Edition
The third edition of ePlanet Times published on Sunday, strives to guide all market participants and traders towards more conscious and profitable trading decisions by providing in depth analysis of the global financial markets. This edition focuses on the most influential developments of the previous week while presenting key events in the coming week with potential scenarios and their impacts on the global financial markets.
Let’s begin with the weekly wrap up. Last Week China’s Central Bank, the PBoC, kept short-term lending rates unchanged amidst positive economic reports, refraining from stimulus measures due to concerns about the weakening yuan and Fed’s interest rate plans.
On Tuesday PMI data for France, Germany, UK, US, and Eurozone showcased varying trends, with France and Germany seeing improvements, while the UK experienced significant growth, and the US reported a slowdown in both manufacturing and services sectors .
Australia’s Q1 inflation surpassed expectations, potentially influencing the Reserve Bank’s rate decisions, while Canada’s flat retail sales hinted at economic stagnation.
The US economy expanded by 1.6% in Q1, below forecasts, attributed to trade data but not all too worrying for the economists and market participants since consumers’ consumption was still reportedly at a healthy level.
Tokyo’s inflation dipped due to education subsidies, while the Bank of Japan maintained accommodative policy, leading to yen weakening.
In recent updates, the IMF projects a sharp rise in the US budget deficit by 2024, while Vanguard and BlackRock anticipate continued economic growth alongside potential interest rate cuts by major central banks. Tesla’s revenue falls short of expectations, while Meta, Microsoft, and Alphabet report strong earnings. Central banks like the Bank of England and Bank of Canada grapple with interest rate decisions amidst economic uncertainties. Meanwhile, tensions escalate in the Middle East as Israel prepares for possible military action. Suzuki, Japan’s Finance Minister, comments on forex market dynamics influenced by interest rate disparities between the US and Japan.
Next week will be epic for the financial markets as a flurry of economic events unfolds across the globe. In the US, all eyes will be on labor market data as well as the Federal Open Market Committee meeting, where a hawkish stance is anticipated from Jerome Powell since they will be focused on containing inflation.
Meanwhile, in the Eurozone, a heated monetary policy debate ensues over inflation and GDP data, with divergence in post-rate cut strategies amongst the ECB’s policy makers.
The Japanese yen faces scrutiny amidst currency depreciation, potential intervention signals, and policy discussions.
Earnings season heats up with Q1 reports from major companies, particularly Amazon,Apple,Pfizer and many more.
German and Spanish inflation figures could impact ECB decisions, signaling a rise in domestic demand as the Eurozone braces for a looming interest rate cut amid improved business surveys and growth outlook.
The Australian retail sales are expected to continue their growth trajectory boosted by the Easter holiday.
Anticipation surrounds China’s PMI, with a moderate rise in manufacturing activity crucial for economic support decisions.
In the US, the ADP payroll report and JOLTS survey and most importantly the monthly Non-Farm Payroll report released on the first week of each month, set the stage for an anticipated hawkish stance from the Federal Reserve, while Swiss inflation and SNB policy hint at potential further rate cuts.
The US April employment report holds sway over inflation and rate hike discussions, while the Services PMI remains significant for services sector performance, all amidst the backdrop of central bank policies, labor market dynamics, and global economic indicators shaping investor sentiment and market trends.
The economic analysis of the week, Written by Reza Khantaraj focuses on the potential downtrend of stock indices while the technical analysis of the week provides possible trading scenarios for symbols like USDCHF, GBPAUD, NZDCHF and Dax.
For a deeper dive into the reports and developments mentioned, we recommend exploring the third edition of ePlanet Times: “Knowledge is Power with Money.”
Click here to view the previous version ePlanet Times No.2
