We are starting another week with a lot of important data releases. Let's cover them all together.
1- Russia - Ukraine War
European Union countries will discuss the total Oil Embargo from Russia. They want to give full support to Ukraine. Sweden and Finland are still trying to convince Turkey for Nato Membership. On the field not much change is happening in recent days.
2- German Inflation Rate
German Inflation rate has reached %7.9 to the highest level since 1973. The main reason is rising import prices. As they pay more to energy bills their production prices are also rising. So we can expect some hawkish ECB with this high inflation data.
3- China Manufacturing PMI
China will report its NBS Manufacturing PMI on Tuesday and Caixin Manufacturing PMI on Wednesday. Because of recent lockdowns we can see sharp declines in Manufacturing and it can affect the global markets severely. Markets are kind of optimistic as authorities are easing the restrictions this week.
4- US JOLTS Job Openings
US will report open job positions on Wednesday. Tight labour market can go on and this may lead to lower unemployment rates. People prefer home office jobs more these days and especially manufacturing job positions remain vacant.
5- US Non-Farm Payroll Data
This Friday we will hear the Unemployment rate and Non-Farm Payrolls from the US. As you may know this is the most critical data watched by FED Officials. As long as we see a low unemployment rate in the US, the FED will raise the rates faster to curb inflation rate.
As you can see there are a lot of things happening in the market. You can make money with BUY and SELL orders. With Gann Markets you can invest in more than 100 Instruments. Start Trading Today!!