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Market Opportunities : Week 19-09-2022 - 23-09-2022
USDIDX: Federal Reserve interest rate decision is the major event in the September 19-23 week. Fed chair Jerome Powell will hold a conference on September 21. He has reiterated his resolve to continue the policy of raising interest rates to bring down consumer prices inflation. Majority of traders expect a 75 basis point increase in the benchmark rate and reaffirmation of majority of policymakers’ support for further aggressive rate hikes will give the USDIDX a bullish boost.
GBPUSD: Bank of England (BOE) interest rate decision due on September 22 is an important event for forex markets. BOE raised interest rate at its last meeting and it is widely expected the bank will raise rates to 2.25% as new Prime Minister Liz Truss accused it of being slow to react to rising prices. And a decision to continue raising rates will be bullish for GBPUSD.
GBPUSD: Bank of England (BOE) interest rate decision due on September 22 is an important event for forex markets. BOE raised interest rate at its last meeting and it is widely expected the bank will raise rates to 2.25% as new Prime Minister Liz Truss accused it of being slow to react to rising prices. And a decision to continue raising rates will be bullish for GBPUSD.
Key Events to Watch
| Date | Country | Event | Forecast | Previous |
|---|---|---|---|---|
| 2022-09-20 | SEK | Sveriges Riksbank Interest Rate Decision | 0.75% | |
| 2022-09-20 | USD | United States Building Permits | 1.682 M | 1.674 M |
| 2022-09-14 | USD | United States Existing Home Sales | 5.16 M | 4.81 M |
| 2022-09-14 | USD | EIA United States Crude Oil Stocks Change | ||
| 2022-09-14 | USD | Federal Reserve System (Fed) Interest Rate Decision | 2.50% | |
| 2022-09-14 | USD | Federal Open Market Committee (FOMC) Press Conference | ||
| 2022-09-22 | JPY | Bank of Japan (BoJ) Interest Rate Decision | -0.1% | |
| 2022-09-22 | JPY | Bank of Japan (BoJ) Press Conference | ||
| 2022-09-22 | CHF | Swiss National Bank (SNB) Interest Rate Decision | -0.25% | |
| 2022-09-22 | NOK | Norges Bank Interest Rate Decision | 1.75% | |
| 2022-09-22 | CHF | Swiss National Bank (SNB) News Conference | ||
| 2022-09-22 | NOK | Norges Bank Press Conference | ||
| 2022-09-22 | GBP | Bank of England (BoE) Interest Rate Decision | 1.75% | |
| 2022-09-23 | BRL | Central Bank of Brazil Interest Rate Decision | 13.75% | |
| 2022-09-23 | CAD | Canada Retail Sales m/m | 1.0% | 1.1% |
| 2022-09-23 | CAD | Canada Core Retail Sales m/m | 0.5% | 0.8% |
