Weekly Forex Outlook: 01/07/2022 – RBA to hike again but spotlight on NFP amid recession angst
July 1, 2022 12:36 pm
Worries about a looming recession are dragging stock markets lower again. There’s a raft of data on the way that could lessen or heighten those concerns, most notably, the latest jobs report in the United States. But even if there is some possibility of positive relief from next week’s releases, central banks pose a downside risk to sentiment. The minutes of the Federal Reserve’s and European Central Bank’s policy meetings will likely reiterate their hawkish stance, while the Reserve Bank of Australia is expected to deliver another double rate hike.
0:00 Intro 0:14 US NFP report 2:21 Fed minutes and US dollar 3:50 RBA meeting 5:09 Canadian employment 6:25 ECB minutes and euro
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Visit the XM Research Portal for your daily dose of market news and analysis, as well as live education sessions, and other useful trading tools: https://www.xm.com/research/analysis
In-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CAD, AUD/USD as well as gold, oil, stock indices, commodities and stocks.
Worries about a looming recession are dragging stock markets lower again.
There’s a raft of data on the way that could lessen or heighten those
concerns, most notably, the latest jobs report in the United States. But even
if there is some possibility of positive relief from next week’s releases,
central banks pose a downside risk to sentiment. The minutes of the
Federal Reserve’s and European Central Bank’s policy meetings will likely
reiterate their hawkish stance, while the Reserve Bank of Australia is
expected to deliver another double rate hike.
0:00 Intro
0:14 US NFP report
2:21 Fed minutes and US dollar
3:50 RBA meeting
5:09 Canadian employment
6:25 ECB minutes and euro
For more information on the topics discussed in this video, including detailed charts and tables, read the full Week Ahead article:
https://www.xm.com/research/analysis/forexPreviews/xm/week-ahead-rba-to-hike-again-but-spotlight-on-nfp-amid-recession-angst-162925
Risk Warning: 74.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en
The Risk Warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date Risk Warning
Visit the XM Research Portal for your daily dose of market news and analysis, as well as live education sessions, and other useful trading tools: https://www.xm.com/research/analysis
In-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CAD, AUD/USD as well as gold, oil, stock indices, commodities and stocks.
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