The Week Ahead
Welcome to Extreme Investor Network! This week brings a number of key events that investors should keep a close eye on. Federal Reserve Chair Jerome Powell will be testifying before the Senate Banking Committee, US CPI inflation data will be released, and the Reserve Bank of New Zealand (RBNZ) will provide an update.
Additionally, Sunday will see the second round of French elections, where there is a chance of a Hung Parliament. Last week, European stock markets and the EUR/USD saw a rise following the failure of Marine Le Pen’s hard-right National Rally party to secure an absolute majority.
Fed Chair Powell’s Testimony and US CPI Inflation
In his upcoming testimony, Powell is expected to reiterate the Fed’s approach to reaching its 2.0% inflation target and the potential for policy adjustments later this year. The release of June CPI data on Thursday will be closely watched, especially after softer PCE inflation numbers last week. Any surprises in the data could impact rate expectations, US Treasury yields, the dollar, and equity markets.
Reserve Bank of New Zealand – No Change Expected
The RBNZ is likely to maintain its current policy stance at this week’s meeting, as the central bank looks to address inflation pressures and economic challenges. Despite recent economic growth and inflation data, analysts do not anticipate any major changes in policy or forward guidance at this time.
G10 FX (5-Day Change)
Make sure to check back for updates on G10 FX movements throughout the week as market conditions evolve. At Extreme Investor Network, we provide expert analysis and insights to help you navigate the ever-changing landscape of the stock market and trading.
Stay tuned for more updates and analysis from Extreme Investor Network to stay ahead of the curve in your investment strategies. Happy trading!