Trade Forex Live: Predictions and Analysis for Next Week’s Market Movement
As we look ahead to the upcoming week in the forex market, there are a number of key events and data releases that traders will be keeping a close eye on. From central bank speeches to economic data releases, there is plenty to watch out for as we navigate the ever-changing landscape of the financial markets.
Monday: Fed’s Waller Speech
The week kicks off with a speech from Federal Reserve Governor Christopher Waller at 09:15 am ET. Waller’s remarks will be closely watched by market participants for any clues about the central bank’s future monetary policy decisions. However, aside from Waller’s speech, Monday looks to be a relatively quiet day in terms of market-moving events.
Tuesday: Fed’s Bostic and Barr Speeches
Tuesday will see speeches from two more Federal Reserve officials, Raphael Bostic and Michelle Bowman. While these speeches may provide some insight into the Fed’s thinking, the rest of the day is relatively bare in terms of economic data releases or other market-moving events.
Wednesday: FOMC Minutes Release
Wednesday will be a key day for traders, as the Federal Open Market Committee (FOMC) will release the minutes from its most recent meeting at 14:00 pm ET. Market participants will be looking for any hints about the Fed’s future policy decisions, particularly in light of the ongoing debate about when the central bank will begin tapering its asset purchases. In addition to the FOMC minutes, the day will also see the release of the EIA weekly crude oil stocks report and a 20-Year bond auction.
Thursday: Jobless Claims Data and S&P Global PMIs
Thursday is shaping up to be a busier day in terms of economic data releases. Market participants will be watching for the latest jobless claims data, as well as the release of the S&P Global PMI figures for composite, services, and manufacturing sectors. Additionally, existing home sales data is also set to be released, with expectations for a slight decline. The Jackson Hole Symposium will also begin on Thursday, with additional Fed interviews typically scheduled for the early morning hours.
Friday: Fed Chair Powell’s Speech and New Home Sales Data
The week will come to a close on Friday with a speech from Federal Reserve Chair Jerome Powell at 10:00 am ET from the Jackson Hole Symposium. Powell’s remarks will be closely watched for any hints about the central bank’s future policy decisions, particularly in light of the ongoing debate about when the Fed will begin tapering its asset purchases. In addition to Powell’s speech, the day will also see the release of new home sales data, with expectations for a slight decline. The Baker Hughes US Oil Rig Count and CFTC position data will round out the day’s events.
The Jackson Hole Symposium will continue through Saturday, providing further insights into the central bank’s thinking and potential future policy decisions. Traders and investors will be closely monitoring the speeches and discussions at the symposium for any clues about the direction of the markets in the coming weeks and months.
In conclusion, the upcoming week promises to be an eventful one in the forex market, with a number of key events and data releases that could potentially move the markets. From central bank speeches to economic data releases, there will be plenty for traders to watch out for as they navigate the ever-changing landscape of the financial markets. Stay tuned for updates and analysis as the week unfolds.
