{"id":9235,"date":"2024-08-28T08:57:10","date_gmt":"2024-08-28T08:57:10","guid":{"rendered":"https:\/\/justmarkets.eu\/?p=9235"},"modified":"2024-08-28T08:57:11","modified_gmt":"2024-08-28T08:57:11","slug":"weekly-overview-2024-08-19","status":"publish","type":"post","link":"https:\/\/justmarkets.eu\/pl\/analytics\/weekly-overview-2024-08-19\/","title":{"rendered":"Week’s main events (August 19 \u2013 August 23)"},"content":{"rendered":"\r\n
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Week’s main events (August 19 \u2013 August 23)<\/h1>\r\n
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\r\nThis week, investors will focus on US Federal Reserve Chairman Jerome Powell’s speech at the central bank’s annual conference in Jackson Hole, where he will share his views on the future trajectory of interest rates. Hopes of a soft landing for the economy again drive US indices higher. Most market participants believe the Fed will cut rates at its upcoming September meeting. Also, this week, inflation data from the Eurozone, Canada, and Japan will be released. In Canada and the Eurozone, inflationary pressures are expected to ease, while economists forecast an increase in consumer prices in Japan. At the end of the week, eurozone countries will publish important data on manufacturing and services PMI that will show the economy’s health during high interest rates.\r\n <\/p>\r\n\r\n

\r\n Monday, August 19\r\n <\/div>\r\n
\r\nNo major economic events are expected on Monday. The day will be relatively calm in terms of volatility.\r\n <\/div>\r\n \r\n
\r\n Tuesday, August 20\r\n <\/div>\r\n
\r\nIn the Asian session, investors will focus on the People’s Bank of China’s (PBoC) interest rate decision. It is expected without surprises, but volatility on Asian indices will be increased. In the second half of the day, traders will evaluate inflation data in Canada and the Eurozone. Further price declines are expected, which may pressure EUR and CAD. Any surprise in the form of inflation growth may provoke a temporary rise in the currency.\r\n <\/div>\r\n
\r\n Main events of the day:\r\n <\/div>\r\n