CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Three markets to watch next week (24.06.2022)

18:13 24 June 2022

Semi-annual testimonies of Fed Chair Powell in Congress turned out to largely be a non-event in terms of market volatility. However, the story was different for flash PMIs, especially from Europe, as big misses triggered a pullback on EUR and stock markets. The upcoming week will host some interesting events, including a panel discussion with heads of 3 major central banks (Fed, ECB and BoE). Be sure to watch EURUSD, GOLD and US100 in the week ahead!

EURUSD

Start investing today or test a free demo

Open real account Try demo Download mobile app Download mobile app

EURUSD remains under pressure but so far bulls failed to push the pair below the 1.035 area. The main currency pair will get a chance to move next week on release of inflation data from Europe and the United States. While flash CPI reading for June from the euro area will be released on Friday at 10:00 am BST, attention of EUR traders will be focused primarily on reading from Germany on Wednesday, 1:00 pm BST. When it comes to the United States, traders will be offered PCE inflation reading for May on Thursday, 1:30 pm BST. 

GOLD

Strong downward move on the gold market was halted in the first half of May and price of the precious metal started to see-saw around the 200-session moving average later on. Rapid policy tightening coupled with strong USD bars gold from launching a recovery move. However, precious metal also resists further drop. The next catalyst for a bigger move may surface on Wednesday as Fed Chair Powell, ECB President Lagarde and BoE Governor Bailey are all set to take part in a panel discussion at ECB event (2:00 pm BST). 

US100

Although the outlook for global equities did not change much over the past few days, indices from Wall Street managed to recover part of recent losses over the past 2 weeks. A drop in yields helped shore up market sentiment but risk of recession still looms large. Nasdaq-100 (US100) bounced off the 11,000 pts area in mid-June and has rallied 7% since. However, will these good moods prevail when economic data continues to deteriorate? CB consumer confidence for June (Tuesday, 3:00 pm BST) and ISM manufacturing index for June (Friday, 3:00 pm BST) will offer fresh hints on the moods next week.

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Back