Ultima MarketsMarket Review and Prospects: Super Central Bank Week, US Interest Rate to Stop...

Last week's market review

last weekcrude oilReports and financial data have had a very important impact on the corresponding market. The latest slight increase in unemployment in the UK is good news in terms of fighting inflation. The loosening of the labor market should prompt the Bank of England to maintain interest rates unchanged at its policy meeting later this month.

The three major reports on crude oil all indicate a significant supply and demand gap, with international crude oil prices significantly rising last week and hitting new highs for the year in both oil weeks. As of9month12Day and week,WTIIncrease in speculative net long positions in crude oil27185Hand to252219Hand.

In addition, the European Central Bank9In the end, we still chose to raise all three major interest rates25Basis points, for consecutive10Second interest rate hike. With the increasing impact of interest rate hikes on internal demand in the eurozone and the increasingly weak international trade environment, European Central Bank staff have significantly reduced their economic growth expectations for the next three years. The uncertainty about the future economic prospects of the eurozone led to the euro falling below a critical support level last week.

Market outlook

The volatility of this week's market is bound to significantly increase, with interest rate decisions and key economic data from the central banks of major economies set to take turns this week. Especially the interest rate decisions of the Federal Reserve and the Bank of England will clarify the following9The trend direction of the monthly market. In addition, the European, American, and BritishPMIData is also a key focus of market attention, and as the monetary policies of various economies come to an end, economic conditions are an important cornerstone for supporting future monetary policies.

CanadaCPIMonthly rate

Canada8monthCPIThe data will first appear on Tuesday.7Monthly inflation has rebounded above the control range of the Bank of Canada, but the weakening of core indicators indicates a cooling of prices, coupled with signs of weakness in the economy and labor market.8If monthly inflation data can steadily decline, it proves that9The decision of the Central Bank of Canada to suspend interest rate hikes is correct.

The Federal Reserve has a high probability of suspending interest rate hikes

The Federal Reserve is about to announce this Thursday9The latest interest rate decision for the month. According to the interest rate observation tool,9The monthly suspension of interest rate hikes is almost certain, with a high probability of98%。9The latest lattice chart forecast will also be released this month, and the market will focus on the views of committee members on the future interest rate path.

The Three Central Banks of England, Switzerland, and Japan Jointly Appear

On Thursday, the Swiss Central Bank and the Bank of England will also take turns announcing their latest interest rate decisions. The market expects both to continue to raise interest rates, but the economic data for the latter is mixed. If the Bank of England raises interest rates as expected, it is also necessary to be vigilant whether there is a scenario similar to the euro - even if interest rates are raised, the market is concerned about the economic outlook, and the exchange rate is still downward. On Friday, the policy stance of the Bank of Japan may remain unchanged and continue to maintain ultra loose monetary policy.

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The comments, news, research, analysis, pricing, and other information contained in this article can only be considered as general market information and are provided solely to assist readers in understanding the market situation and do not constitute investment advice.UltimaMarketsReasonable measures have been taken to ensure the accuracy of the data, but the accuracy of the data cannot be guaranteed and can be changed at any time without notice.UltimaMarketsWe will not be responsible for any losses or losses (including but not limited to any loss of profits) that may arise from the direct or indirect use or reliance on such information.