Weekly Forex Outlook: 24/02/2023 – US ISM PMIs and Eurozone CPI data enter the spotlight
February 24, 2023 11:32 am
Following a relatively busy week, the calendar becomes lighter next week. However, that doesn’t mean there are no important economic releases on the agenda. On the contrary, with market participants trying to figure out how many more rate hikes the US economy can withstand, they may pay extra attention to the ISM PMIs for February. Also, with most ECB policymakers arguing that more 50bps worth of rate hikes are needed to tame inflation, the Eurozone’s preliminary CPI numbers for February will likely take center stage as well.
0:00 Intro 0:18 ISM PMIs 1:44 US Dollar 2:22 EU Inflation 3:55 Euro / Dollar 4:29 Loonie and Aussie 5:28 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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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.
Following a relatively busy week, the calendar becomes lighter next week. However, that doesn’t mean there are no important economic releases on the agenda. On the contrary, with market participants trying to figure out how many more rate hikes the US economy can withstand, they may pay extra attention to the ISM PMIs for February. Also, with most ECB policymakers arguing that more 50bps worth of rate hikes are needed to tame inflation, the Eurozone’s preliminary CPI numbers for February will likely take center stage as well.
0:00 Intro
0:18 ISM PMIs
1:44 US Dollar
2:22 EU Inflation
3:55 Euro / Dollar
4:29 Loonie and Aussie
5:28 Yen
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-us-ism-pmis-and-eurozone-cpi-data-enter-the-spotlight-175180
Risk Warning: 78.17%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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