The world’s markets are beginning to return to the usual rhythm of the August calm, which was halted by the comments of the head of the US Federal Reserve, Janet Yellen.
The FED is closely watching what’s going to happen with the inflation, as nothing would increase the rate hike, if the inflation does not grow. Yellen has another opinion.
We provide you with the most crucial economic events of the upcoming week.
Iran openly supports OPEC in the efforts to stabilise the market, as they are reaching national quotas.
The weak domestic demand forceS companies to continuously maintain the cut-down policy of the prices.
The Dollar pares decline ahead of Durable orders report as the German IFO predicts gloomy future for EU economy.
Considering the dollar’s dynamics, investors are expecting optimistic signals to come from the FED head.
The Dollar shows strong advantages against the Euro as the Pound is gathering strength from the newly found independence.
The composite PMI in the 19-countries expanded to a 53.3 point in August as the European shared currency fell against the Dollar.
Stanley Fischer claimed that the state of US economy should be somewhere near its targets – full employment and 2% inflation., which made the dollar rebound.
The Russian ruble has slowed down by the 63.50 level “drawing” close a small bullish engulfing as the CAD price broke the descending trend in the daily chart.
Important developments you should keep track off in the upcoming week.
The Chinese market is seeing interesting movements as the financial sector is meeting the set expectations.
Uncertainty is increasing in the European markets as the pressure is building from the US Dollar steady rebound.
in September the FED meeting might hold some surprises for the market but for now dark times seem to be ahead for the USD.