Weekly Forex Outlook: 18/06/2021 – Fired up dollar looks to PCE inflation; flash PMIs & BoE eyed too
June 18, 2021 11:13 am
After the Fed’s abrupt but not totally unexpected hawkish turn, the supercharged US dollar will be hoping for another shot in the arm from next week’s PCE inflation data. Meanwhile, the flash PMI readings for June will be making the rounds in all the major markets. The forward-looking PMI surveys could further bolster tapering speculation – not just for the United States but elsewhere too – as economies around the world reopen with the help of ramped up vaccinations. In the central bank sphere, the Bank of England is next to set policy.
0:00 Intro 0:21 US dollar 0:53 US PCE inflation 2:14 US Treasury Yields 3:08 UK Flash PMIs 4:14 Bank of England 5:17 Euro and EU PMIs
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Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning.
Watch our ”Weekly Forex Review and Outlook” to catch up on the past week’s main events and their impact on major currencies and also find out what important economic data will be coming up in the future.
Visit our page for more: http://www.xm.com the international Forex broker.
After the Fed’s abrupt but not totally unexpected hawkish turn, the supercharged US dollar will be hoping for another shot in the arm from next week’s PCE inflation data. Meanwhile, the flash PMI readings for June will be making the rounds in all the major markets. The forward-looking PMI surveys could further bolster tapering speculation – not just for the United States but elsewhere too – as economies around the world reopen with the help of ramped up vaccinations. In the central bank sphere, the Bank of England is next to set policy.
0:00 Intro
0:21 US dollar
0:53 US PCE inflation
2:14 US Treasury Yields
3:08 UK Flash PMIs
4:14 Bank of England
5:17 Euro and EU PMIs
Risk Warning: 78.28% 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.
Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning.
Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en
Watch our ”Weekly Forex Review and Outlook” to catch up on the past week’s main events and their impact on major currencies and also find out what important economic data will be coming up in the future.
Visit our page for more: http://www.xm.com the international Forex broker.
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