By Neofytos Hadjineofytou
Market Update for the week 20/02/2022 to 24/02/2022
Monday
Bank Holiday for Canada and USA. Since the financial market in the US will be closed today, A slow down might occur or a selloff/weakening for the US dollar, depending of course of the current market situations.
Tuesday
EUROZONE : PMI data releases, which includes UK, Germany and France.
USD Flash service PMI.
PMI data release is a leading economic indicator.
CAD CPI (Consumer Price Index) y/y – m/m. CPI is the level of inflation measurement data.
Wednesday
G20 Meetings Day 1. A meeting attended by finance ministers and central bankers from 20 industrialized nations, including the G7 nations i.e Canada, Italy, France, Germany, Japan, the UK and the USA. The G20 meeting is held annually. They discuss a wide range of economic and geopolitical issues.
USD FOMC Meeting. Expected to announce or give more clues regarding the current interest rate.
Thursday
USD – Preliminary GDP q/q. As we mention on previous updates the GDP data measurement reflects on the overall economic growth of a country
G20 meeting day 2
Friday
The BOJ Designate Gov Kazuo Ueda Speech. The successor of Haruhiko Kuroda, present Governor of the bank of Japan, Kazuo Ueda is due to speak. His speech is highly awaited because he is expected to provide more information regarding the Bank of Japan’s Monetary Policy.
USD Core PCE- Personal Consumption Expenditure: Another inflation measurement method that can affect the current market movement.
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