Three markets to watch next week (19.08.2022)

7:42 PM August 19, 2022

Stock markets moved lower this week in a post-FOMC risk-off move. Fed will remain in the spotlight next week with the Jackson Hole symposium beginning on Thursday. Speech from Fed Chair Powell on Friday is a key event of the week but ECB minutes, flash PMIs from Europe and US Core PCE reading will also draw investors' attention. Be sure to watch US500, EURUSD and DE30 next week.

US500

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Despite some signs that inflation could be peaking, the US central bank has affirmed that a dovish pivot is unlikely until inflation returns to its 2% target. Now investors' eyes now turn to Fed meeting in Jackson Hole, mainly on Powell's speech on economic outlook on Friday, August 26. Any dovish turn from the Fed Chair could provide support for stock indexes.

EURUSD

Fed's Jackson Hole meeting is also the most important event of the week for EURUSD traders. However, the main currency pair will also get a chance to move when ECB minutes are released on Thursday at 12:30 pm BST. US data like Core PCE (Friday, 1:30 pm BST) and revision Michigan consumer sentiment for August (Friday, 3:00 pm BST) may also add to volatility on the forex market. 

DE30

Key data from Europe next week will be released on Tuesday - flash PMI indices for August. Data from France (8:15 am BST) and Germany (8:30 am BST) is expected to show slight deterioration in both manufacturing and services sectors. Bigger than expected miss could add to an already sour mood on stock exchanges from the previous week.

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