Week Ahead – Top 3 Events This Week Date: June 20th – June 24th

Last week, the Federal Reserve decided to hikes rate interest rates by 75 basis points, and this was the biggest jump since 1994. Will the affects spill into this week？ Find out in our week ahead article!

UK Inflation in Focus

After the 40-year inflation record in the US, it will be the UKs turn to release its Consumer Price Index report on Wednesday. The markets are likely to react sharply if the figure comes in higher than the previous 9%.

Jerome Powell Testifies

Also on Wednesday, Federal Reserve Chairman Jerome Powell is due to testify before Senate Banking Committee after the previous Monetary policy report. He may attempt to calm the markets once more after the recent price action in the markets.

“Buy the Dip” Incoming？

U.S indices are down an eye-watering 30% on average so far this year. The biggest question on investors minds right now is “when do I buy the dip？”. Could this week be the week a bottom is formed as the markets price in maximum Federal Reserve hawkishness, and how long will it last？

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.