Weekly Forex Outlook: 29/07/2022 – Bruised dollar looks to NFP report, BoE could speed up rate hikes
July 29, 2022 1:00 pm
The coming week is shaping up to be another crucial one for gauging recession risks and monetary policy paths. It’s NFP week in the United States and the RBA and Bank of England will decide whether to accelerate their hiking cycles. The ISM PMIs are bound to attract a lot of attention as well in the US as growth concerns intensify. Elsewhere, employment figures in Canada and New Zealand, and manufacturing PMIs out of China will be the highlights. Meanwhile, a meeting of OPEC+ countries might yet result in a decision to produce more oil.
0:00 Intro 0:15 Recession risks 2:06 NFP and dollar 3:09 RBA and Aussie 4:21 BoE and Pound 6:03 Kiwi and Loonie 7:13 OPEC meeting
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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 coming week is shaping up to be another crucial one for gauging recession risks and monetary policy paths. It’s NFP week in the United States and the RBA and Bank of England will decide whether to accelerate their hiking cycles. The ISM PMIs are bound to attract a lot of attention as well in the US as growth concerns intensify. Elsewhere, employment figures in Canada and New Zealand, and manufacturing PMIs out of China will be the highlights. Meanwhile, a meeting of OPEC+ countries might yet result in a decision to produce more oil.
0:00 Intro
0:15 Recession risks
2:06 NFP and dollar
3:09 RBA and Aussie
4:21 BoE and Pound
6:03 Kiwi and Loonie
7:13 OPEC meeting
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-bruised-dollar-looks-to-nfp-report-boe-could-speed-up-rate-hikes-164188
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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