Inflation, consumer confidence, Nasdaq: What to know this week

Published Tue 27 Jun 2023 01:31 by Market Analyst

Significant events to watch:

-USA (USD): FED SPEAKS

-USA (USD): GDP

-UK (GBP): GDP

USA (USD): US FED CHAIR POWELL SPEAKS – Federal Reserve Chair Jerome Powell (Feb. 2018 – Feb. 2026) is to speak. As head of the Fed, which controls short term interest rates, he has more influence over the U.S. dollar’s value than any other person. Traders closely watch his speeches as they are often used to drop hints regarding future monetary policy.

The report is due Wednesday, 28 June 13:30 GMT

USA (USD): GDP QOQ – Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health. The last GDP increased to 1.3%, better than the forecast of 1.1%.

The report is due Thursday, 29 June 12:30 GMT

UK (GBP): GDP QOQ – Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health. The UK’s GDP reached 0.1% during the last quarter.

The report is due Friday, 30 June 06:00 GMT

Risers and Fallers

-Nasdaq (-0.23%)

-Meta (-0.29%)

-GBPJPY (+1.46%)

-NVIDIAl (+0.09%)

Nasdaq – The Nasdaq declined 0.23% on Friday. The index made a daily high and low of 14,985.25 and 15,236.24, respectively. The index closed at 15,058.25 and is currently trading at $15,006.25

Meta Platforms (NASDAQ: META) – Meta Platforms surged by 1.35% on Friday, however. The stock made a daily high and low of $289.67 and $278.95 Meta is trading at $281.00 per share.

GBPJPY – GBPJPY increased 0.79% on Friday. GBPJPY is trading at 182.39.

Nvidia Corp. (NASDAQ: NVDA) – Nvidia’s stock barely moved on Friday instead declining by 1.90%. However the company has been on a bullish run and has gained 162.22% for the past 6 months. Nvidia is trading at $422.09.

Vantage does not represent or warrant that the material provided here is accurate, current, or complete, and therefore should not be relied upon as such. The information provided here, whether from a third party or not, is not to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any financial instruments; or to participate in any specific trading strategy. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. We advise any readers of this content to seek their own advice. Without the approval of Vantage, reproduction or redistribution of this information is not permitted.

U.S. Election Trading Challenge is on Fire!

About Us

Premium Clients

Premium Perks

Trading Markets

Trading Academy Plus

Trading Tools Plus