Weekly Forex Outlook: 16/06/2023 – Can the BoE and SNB hike by 50bps? Flash PMIs incoming
June 16, 2023 11:15 am
The central bank theme will continue in the coming week with the Bank of England and Swiss National Bank next to announce their interest rate decisions. Both are expected to raise their policy rates but is there room for hawkish surprises? The flash PMIs for June will also be on investors’ radar as some territories such as the Eurozone grapple with a recession. Inflation data will be the highlight in Japan but it’s looking like a quieter period in the United States, allowing the US dollar to take a backseat after the Fed’s decision to pause.
0:00 Intro 0:15 Bank of England 0:56 UK Economy 2:18 Pound 3:22 EZ Flash PMIs 4:19 Euro 4:47 SNB and Swiss Franc 6:18 Japan Inflation and Yen
For more information on the topics discussed in this video, including detailed charts and tables, read the full Week Ahead article:
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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.
The central bank theme will continue in the coming week with the Bank of England and Swiss National Bank next to announce their interest rate decisions. Both are expected to raise their policy rates but is there room for hawkish surprises? The flash PMIs for June will also be on investors’ radar as some territories such as the Eurozone grapple with a recession. Inflation data will be the highlight in Japan but it’s looking like a quieter period in the United States, allowing the US dollar to take a backseat after the Fed’s decision to pause.
0:00 Intro
0:15 Bank of England
0:56 UK Economy
2:18 Pound
3:22 EZ Flash PMIs
4:19 Euro
4:47 SNB and Swiss Franc
6:18 Japan Inflation and Yen
For more information on the topics discussed in this video, including detailed charts and tables, read the full Week Ahead 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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