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Major News Events Coming Up This Week

  

Significant events to watch:

-Eurozone (EUR): Consumer Price Index (YoY)

-UK (GBP): Consumer price Index (YoY)

-US (USD): Fed Interest Rate Decision

Eurozone (EUR): Consumer Price Index (CPI) YoY – The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.

A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

The previous reading was 5.3% better than the expected 5.1%. The next report is due on September 19, 09:00 GMT. Its forecast also stands at 5.3%.

UK (GBP): Consumer Price Index (CPI) YoY – The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.

A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.

The previous reading was 6.8%, the same as expected. The next report is due on September 20, 06:00 GMT. Its forecast also stands at 7.1%.

US (USD): Fed Interest Rate Decision – Federal Open Market Committee (FOMC) members vote on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.

A higher than expected rate is positive/bullish for the USD, while a lower than expected rate is negative/bearish for the USD.

The previous actual data was 5.50% – similar to the forecast. The upcoming report is due on September 20, 18:00 GMT and its forecast figure is also 5.50%.

Risers and Fallers

-Dow Jones  (-0.09%)

-Amazon (+1.21%)

-Tesla (+3.89%)

-Crude oil (+3.63%)

Dow Jones – The US30 remained at a standstill last week, closing at almost 34,616. The index has appreciated over 7% in the previous 6 months.

Amazon – Amazon stock surged 1.21% in the last 5 days. The stock has showed a remarkable performance YTD, registering over 60% gains till now.

Tesla  – Tesla’s stock experienced a spike previous week, surging more than 3.8% in the last week. It has performed exceptionally good this year, registering gains of almost 50% in the previous 6 months.

Crude Oil (Brent) – Crude oil’s price increased 3.63% during the previous week. Currently, the commodity is trading at $93.70 per barrel.


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.

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