By Neofytos Hadjineofytous
Market Update 21/02/2023
Below are the notes from the video, prepared by our analyst Neofytos Hadjineofytous
EUROZONE: PMI data releases, which includes UK, Germany and France.
USD Flash service PMI. The forecast shows an increase from the previous reading. If the actual does show an increase as forecasted, it would probably cause the USD to continue its uptrend, depending of course of the market conditions.
PMI stands for Purchasing Manager Index, and it is a leading economic indicator. The simplest explanation would be, a survey conducted among purchase managers. Their response concludes whether there is an expansion or contraction.
CAD CPI m/m y/y – Consumer price Index – level of inflation measurement data. The forecast points to an increase in inflation, which in return will cause a rate hike from the bank of Canada.
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