Weekly Forex Outlook: 05/05/2023 – BoE takes the central bank torch, US CPI data also in focus
May 5, 2023 11:03 am
Following the FOMC and ECB decisions last week, the central bank torch will now be passed to the BoE, which will deliver its decision on Thursday. A 25bps hike is mostly priced in, so the spotlight will fall on clues and hints on how officials are planning to move forward. The US CPIs will also attract special attention as investors are trying to figure out whether the Fed will pause or hike once more in June.
0:00 Intro 0:19 Bank of England 1:43 Pound 2:19 US Inflation 3:34 US Dollar 4:12 China Trade Data 4:50 BoJ Summary of Opinions
For more information on the topics discussed in this video, including detailed charts and tables, read the full Technical Analysis article:
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Following the FOMC and ECB decisions last week, the central bank torch will now be passed to the BoE, which will deliver its decision on Thursday. A 25bps hike is mostly priced in, so the spotlight will fall on clues and hints on how officials are planning to move forward. The US CPIs will also attract special attention as investors are trying to figure out whether the Fed will pause or hike once more in June.
0:00 Intro
0:19 Bank of England
1:43 Pound
2:19 US Inflation
3:34 US Dollar
4:12 China Trade Data
4:50 BoJ Summary of Opinions
For more information on the topics discussed in this video, including detailed charts and tables, read the full Technical Analysis article:
Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.
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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