Week Ahead – Top 3 Market Events

Date: 2022 July 18th– July 22nd

Last week, US inflation continued its rampage after yet another historic figure in the Consumer Price Index. This sent the dollar much higher. Will there be a pause this week？ Read our week ahead article to find out this weeks main events!

UK Consumer Price Index

Although the Bank of England has been quick to announce interest rate hikes, it has only been by a steady 25 basis points. Will a strong CPI figure, coupled with strong employment, put pressure on the BoE to accelerate at a faster pace than this？

Tech Earnings Reports

Netflix, Snap, Tesla, ASML and Twitter all release its earnings this week. Technology companies have endured a turbulent ride so far this year, and expectations are pretty low for the upcoming reports. However, is the worst behind them now？

European Central Bank Meeting

On Thursday, the ECB will meet and it is widely expected that the bank will raise rates for the first time in a decade. The Euro recently touched parity with the dollar, and the Lagarde conference post interest rate decision may see the euro move down once more.  

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.

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