fbpx

PU Prime App

Exclusive deals on mobile

  • Market Insights  >  Weekly Outlook

16 June 2023,02:27

Weekly Outlook

Market Expected To Calm As Holidays Approach

16 June 2023, 02:27

Share on:
FacebookLinkedInTwitterShare
Share on:
FacebookLinkedInTwitterShare

The Week Ahead: Week Of 19 June (GMT+3)

Monday, 19 June, All Day – US  Juneteenth

During the upcoming US holiday, the market is expected to be relatively calm, and it may be a suitable time for investors to take a break.

Wednesday, 21 June, 9:00 – UK CPI (YoY) (May)

In April, the Consumer Prices Index (CPI) recorded a rate of 8.7%, indicating a decrease compared to the previous month’s rate of 10.1%. Conversely, the prices of food and non-alcoholic drinks experienced a significant increase. Bank of England Governor Andrew Bailey has acknowledged that inflation had not decreased as expected, adding to expectations of further rate hikes by the BoE.

Thursday, 22 June, 10:30 – SNB Interest Rate Decision (Q2)

Despite a recent slowdown in price increases in Switzerland, consumer-price growth in the country still surpassed the central bank’s 2% target. In a separate public statement earlier this week, Swiss National Bank President Thomas Jordan acknowledged the possibility of tightening monetary policy to address persistent Swiss inflation. Analysts and the market anticipate that the SNB will raise interest rates.

Thursday, 22 June, 14:00 – UK BoE Interest Rate Decision (Jun)

The Bank of England has raised interest rates to 4.5% from near zero since the end of 2021. Inflation in Britain peaked last year but has since fallen to 8.7% in April. However, the slowdown in inflation has been less pronounced than in the United States and Europe. Investors are confident that the Bank of England is expected to announce a minimum quarter-percentage point increase on June 22, taking the Bank Rate to 4.75%.

Friday, 23 June, 16:45 – US Services PMI (Jun)

The Purchasing Managers’ Index in the US has consistently remained above the 50 index level in recent months, indicating a positive state for the service sector. In May, the PMI recorded a value of 54.9, slightly lower than the expected 55.1. A favourable PMI reading could potentially influence the Federal Reserve’s interest rate decision, as they closely monitor economic data to inform their policy choices.

把握优势,开始交易

以行业低点差和闪电般的执行速度交易外汇、指数、贵金属等。

  • 在我们的Standard账户上以最低50美元的入金金额开始交易。
  • 获得全天候支持。
  • 获取数百种交易工具、免费教学器材和最佳的优惠活动。
立即加入

Latest Posts

简单快速的
开设账户

开设真实账户
  • 1

    即刻申请

    通过无障碍程序注册

    PU Prime

    真实账户

  • 2

    轻松入金

    通过多种渠道及可接受的货币轻松地为您的账户入金

  • 3

    开始交易

    在市场领先的交易条件下,交易数百种产品

Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.

Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.

By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.

Thank You for Your Acknowledgement!

Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.

Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.

Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.

Thank You for Your Acknowledgement!