Youtrading UK
Português Español русский
Register Login
  • Markets
  • Charts
  • Economic Calendar
  • World
  • Economy
  • Insights
  • About Us
No Result
View All Result
Youtrading UK
  • Markets
  • Charts
  • Economic Calendar
  • World
  • Economy
  • Insights
  • About Us
No Result
View All Result
Youtrading UK
No Result
View All Result

Market Insight – The Trading Week Ahead

by Nathan Batchelor
24 May 2021
in Economy, Markets
0
Market Insight – The Trading Week Ahead
366
SHARES
7.7k
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

During the upcoming trading week, the release of Core PCE and preliminary Gross Domestic Product from the United States economy is set to move the needle for financial markets and headline the economic docket.

US growth is predicted to come in red hot during the first fiscal quarter, with most economists predicting that the world’s largest economy is set to expand by around 6.5 percent or more.

Other key highlights on the economic docket this week include the Reserve Bank of New Zealand interest rate decision and policy decision, and the IFO monthly survey, Retail Sakes, and GDP data from the German economy.

Market participants will also be focused on the price movements of tech stocks, and the ongoing situation with rising COVID-19 infections in India, the spread of the COVID-19 variant globally.

US Annualized GDP & Core PCE

Traders and investors are largely expecting the US economy to have grown by around 6.5 percent in the first fiscal quarter, with a minority of economists predicting growth within the 6.6 range. Any beat on 6.6 percent should evoke a bullish market reaction.

It is important to note that annualized Gross Domestic Product is closely watched by the market as it gives a closes indication about the pace of growth or indeed declining growth.

Market attention will also be focused on core PCE data from the US economy this week, as inflation remains the hot topic of the day after the previous months US CPI inflation number came in at a decade high.

More importantly, core PCE is the Federal Reserve’s preferred measure of inflation and if core PCE overshoots to the upside then the central bank may be more inclined to act in regard to policy and rates.

Reserve Bank of New Zealand

The Reserve Bank of New Zealand is not expected to act during this meeting, as most economists see very little case for the central bank attempting to raise interest at this stage in the recovery.

Recent steps to stop the domestic housing economy overheating, combined with fears about a lacklustre jobs market are even more reason why the Reserve Bank of New Zealand are tipped to keep policy unchanged.

Any mention of the New Zealand dollar exchange range being too strong against could of course have consequences for the kiwi. The NZDUSD, AUDNZD, and NZDJPY pairs are both ripe for a breakout right now, however, as risk appetite remains elevated the path of least resistance is currently to the upside.

German IFO

The IFO survey, which is a key Business Climate indicator for Germany, is expected to show a strong uptick in confidence this week, on all three components which make up the survey.

A rise in the IFO is typically bullish for the euro and European stocks. Last month in all three components of the IFO survey rose, which pointed to growing optimism in Europe’s largest economy.

In fact, the latest reading was the highest since June 2019 and signalled an improvement in business morale, as companies raised their assessments of the current business situation.

Tags: EuroInflationNZDRBNZStoxx50US Economy
Previous Post

UK100 Technical Analysis – One more rally

Next Post

EURUSD aiming higher for the year

Next Post
EURUSD Technical Analysis – 1.2060 key pivot to watch

EURUSD aiming higher for the year

CALL US

Categories
  • Commodities
  • Economy
  • Forex
  • Index
  • Insights
  • Markets
  • Opening of the Week
  • Sem categoria
  • Stocks
  • World

Site Map

  • Home
  • Markets
  • Charts
  • Economic Calendar
  • World
  • Economy
  • Insights
  • About Us
Português Español русский

A comprehensive website for traders, both experienced and new! Checkout our content and learn how to invest and speculate in the markets using margin traded products. Our team of educators has extensive experience and is here to help. Enjoy!

Follow us on social media

Risk Warning

All financial products traded on margin carry a high degree of risk to your capital. They are not suited to all investors, please ensure that you fully understand the risks involved, and seek independent advice if necessary.

All Rights Reserved - YouTrading UK 2020

Privacy Policy and Terms and Conditions
  • Home
  • My Academy
    • Register Now
    • Login
  • Markets
    • Opening of the Week
    • Stocks
    • Commodities
    • Forex
    • Index
  • Charts
  • Economic Calendar
  • Economy
  • World
  • Insights
  • About Us
No Result
View All Result

© 2020 YouTrading UK - Leaders in Trader Training.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
__cfduid1 monthThe cookie is used by cdn services like CloudFare to identify individual clients behind a shared IP address and apply security settings on a per-client basis. It does not correspond to any user ID in the web application and does not store any personally identifiable information.
_wpfuuid11 yearsThis cookie is used by the WPForms WordPress plugin. The cookie is used to allows the paid version of the plugin to connect entries by the same user and is used for some additional features like the Form Abandonment addon.
cf_use_obThis cookie is set by the provider Cloudflare content delivery network. This cookie is used for determining whether it should continue serving "Always Online" until the cookie expires.
cookielawinfo-checbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-advertisement1 yearThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Advertisement".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
CookieDurationDescription
YSCsessionThis cookies is set by Youtube and is used to track the views of embedded videos.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
CookieDurationDescription
_ga2 yearsThis cookie is installed by Google Analytics. The cookie is used to calculate visitor, session, campaign data and keep track of site usage for the site's analytics report. The cookies store information anonymously and assign a randomly generated number to identify unique visitors.
_gid1 dayThis cookie is installed by Google Analytics. The cookie is used to store information of how visitors use a website and helps in creating an analytics report of how the website is doing. The data collected including the number visitors, the source where they have come from, and the pages visted in an anonymous form.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
CookieDurationDescription
_fbp3 monthsThis cookie is set by Facebook to deliver advertisement when they are on Facebook or a digital platform powered by Facebook advertising after visiting this website.
fr3 monthsThe cookie is set by Facebook to show relevant advertisments to the users and measure and improve the advertisements. The cookie also tracks the behavior of the user across the web on sites that have Facebook pixel or Facebook social plugin.
IDE1 year 24 daysUsed by Google DoubleClick and stores information about how the user uses the website and any other advertisement before visiting the website. This is used to present users with ads that are relevant to them according to the user profile.
test_cookie15 minutesThis cookie is set by doubleclick.net. The purpose of the cookie is to determine if the user's browser supports cookies.
VISITOR_INFO1_LIVE5 months 27 daysThis cookie is set by Youtube. Used to track the information of the embedded YouTube videos on a website.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
CookieDurationDescription
_gat_UA-42160853-21 minuteNo description
cf_ob_infoNo description
CONSENT16 years 8 months 3 days 6 hours 2 minutesNo description
SAVE & ACCEPT
Powered by CookieYes Logo