Week Ahead – Top 3 Events This Week

Date: June 13th– June 17th2022

Last week, risk assets seemed to be holding firm, but after the forty high Consumer Price Index print in the US, the markets took a serious tumble. Has that set the tone for this week？

FOMC Economic Projections

On Wednesday, the FOMC will be in action when it releases reports on inflation and economic growth projections. The main volatility will come from the breakdown in the Federal Reserves interest rate forecasts. The markets are pricing in a total of 75 basis points in interest rate hikes, and traders are worried about this.

US Retail Sales

Also on Wednesday, traders will have data available showing the change in total value of sales at retail level month on month. A figure above 0.5% could help propel the Dollar to new highs.

UK Monetary Policy Summary

On Thursday, attention will shift to the UK when it releases its monetary policy summary. The Bank of England have been hawkish from the start, and traders are expecting the same. The Sterling looks increasingly vulnerable to another leg down as the market tone is still very much “risk off” at the moment.

Everyone at Zenfinex wishes you the best trading week. If you would like to know more about the products we offer, feel free to visit www.zenfinex.com.

Disclaimer:  Trading Foreign Exchange is highly speculative and may not be suitable for all investors. The leverage created by trading on margin can work against you and losses can exceed your entire investment. Only invest with money you can afford to lose and ensure that you fully understand the risks involved.