FXCM Market Talk – Your Trading & Finance Podcast (Ep. 64)

064 – Big week for central banks and earnings season

Last Week:

· US - PCE: Core 4.4% y/y; moving in the right direction and lowest print in a year. 0.3% m/m.

· GDP came in looking good on the surface but may have hidden weakness (consumer).

· Australia CPI: inflation came in higher than expected. Likely adds another 1-2 hikes to the cycle.

Trade the News: View our Economic Calendar

· BoC: Hiked by 25bps - peak rate. Looking to monitor transmission mechanism.

This week:

· Fed: 25 bps (priced in). Will the Fed send a strong message? Fed funds futures still pricing a pivot.

· Can they deliver on 3 more hikes of 25bps? Seems like a tall order.

· ECB on Thursday. Market does not expect dovishness. Likely going 50bps.

· Still waiting for communication on terminal rate.

· December statement and commentary are pointing to another 50bps after this one.

· BoE: Forecasts give another 50bps, but not convinced here. Going to come down to the vote split.

· NFP: Forecast: 175-195k (previous 223K). 3.5%-->3.6% unemployment rate.

· ISM Services - last print was a big surprise to the downside (49.6). Will it be able to reclaim 50?

· Earnings: Meta, Apple, Alphabet, AMZN, TSLA reported last week (beat expectations).

Russell Shor

Senior Market Specialist

Russell Shor joined FXCM in October 2017 as a Senior Market Specialist. He is a certified FMVA® and has an Honours Degree in Economics from the University of South Africa. Russell is a full member of the Society of Technical Analysts in the United Kingdom. With over 20 years of financial markets experience, his analysis is of a high standard and quality.

Nikos Tzabouras

Senior Financial Editorial Writer

Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. He has a long time presence at FXCM, as he joined the company in 2011. He has served from multiple positions, but specializes in financial market analysis and commentary.

With his educational background in international relations, he emphasizes not only on Technical Analysis but also in Fundamental Analysis and Geopolitics – which have been having increasing impact on financial markets. He has longtime experience in market analysis and as a host of educational trading courses via online and in-person sessions and conferences.

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