Week So Far
We are having another volatile week and we have received unexpected macroeconomics so far this week. Let's cover them in our blog together!
Ukraine started to counter offensive attacks to recapture invaded areas. The Kharkiv region has been retaken by Ukraine with a fast counter offensive military operation. Russian soldiers left their positions after this unexpected attack and even left a lot of ammunition behind. This was priced positively by markets as it can end this invasion sooner than expected. Ukraine is trying to use the same tactics in the Kherson region in the coming days and if they can repeat their success we will be at the beginning of the war. These can end up invasion or can make Russia more angrier so it may turn to more violent.
We have received US Inflation figures and they were higher than forecasted figures. Core inflation rates are becoming more stubborn than expected and it seems that it will take longer than forecasted. The peak inflation is possible with this decline in inflation but the speed of decline is so slow. We may see a crash before a soft landing in the markets.
The FED September Meeting will be more hawkish than many people expected a few days ago. A 100 bps rate hike is a possibility for the first time and even if it doesn't happen the possibility is killing investor mood. Nasdaq and other US Stock Markets have declined fast and we may see more decline in the FED Meeting week.
As you can see there are a lot of possibilities in the markets and you can benefit from these volatility with Gann Markets. Start trading today!!