We are starting a new week and let's cover the expectations together in our blog!
1- US Inflation Report
On Wednesday we will receive an Inflation report from the US and that is the most important data release of the week. Many Investors bet that inflation has peaked at %9.1 in June. Expectation is %8.8 Inflation in July and that may help stock markets to recover in the coming days. If we receive lower than than it is even better but if we see the same level or higher than we will get ready for more hawkish rate hikes by FED.
2- China Inflation on Wednesday
Another important inflation report will be reported from China on Wednesday. Slowing down economy rumors in China can get stronger if we see lower than expected inflation rate. This may affect crude oil prices in a negative way.
3- Consumer Sentiment in the US
We will receive US Michigan Consumer Sentiment on Thursday and that is another important data release of the week. We have received worse consumer expectations in recent months and that is affecting the future bets on markets. Inflation expectations are killing the consumer mood and this is bad for the markets.
4- Italian Government Bonds Rise
Early elections and problematic debts are making Italian Bonds more riskier so the yields are rising fast. The ECB can get in the game with the new tool announced at the last meeting to lower the yields. If we see more money printing by the ECB we may expect lower levels of EURO.
As you can see there are a lot of expectations this week. You can start making money with Gann Markets Expert Advisers. Start your trading account today!!