Welcome to the regular Monday recap of the fundamentals from the last trading week and the outlook for the current one.
Will Wednesday's eurozone data surprise us?
Read on to keep yourself in the loop!
On Tuesday, the European Central Bank (ECB) published its Monetary Policy Meeting Report, which showed a widely shared view that the outlook for inflation in the euro area was continuing to deteriorate.
TIP: full ECB minutes
https://www.ecb.europa.eu/press/accounts/2022/html/ecb.mg221124~3527764024.en.html
November's US PMI data show us that there was a solid decline in business activity across the US private sector.
On Wednesday, the Reserve Bank of New Zealand raised its key interest rate by 75 basis points, in line with market estimates.
The current trading week will be weaker again for the incoming data as there is no central bank meeting.
On Tuesday we will get the latest Canadian and Swiss GDP numbers.
Sources:
It's Monday, and that means we bring you another summary of what we focused on in the last trading week, which, while a bit quieter, did bring some interesting data.
Read on to keep yourself in the loop!
We got some interesting data out of the eurozone last week, which we expected. The euro area economy grew in line with market estimates in the third quarter.
We were also expecting the latest inflation data from the UK. The UK annual inflation rate jumped to 11.1 % in October 2022.
Here we can see a somewhat mixed view. The year-on-year core CPI has fallen from the previous reading.
Tuesday's data on the Japanese economy did not impress us much. Exports were weighed down by global demand and Russia's war against Ukraine.
This week we expect slightly higher volatility on the markets again.
The driver of the week, and the one we'll turn our attention to, is Wednesday's meeting of the Reserve Bank of New Zealand, which will release its base rate decision at 2am
Sources:
Welcome to our regular Monday recap of the most important events to remember from the past week.
It only picked up speed in the second half of the week, where we got some surprising data.
Last week, we only got the latest retail sales from the euro area, which rose by 0.4 % month-on-month as expected.
We see a deeper decline in economic activity in the United Kingdom.
The most watched event of last week that we focused our attention on was the release of the latest CPI/inflation numbers in the US.
The current trading week will also be one of the weaker ones in terms of expected fundamentals.
On Tuesday, we will focus our attention on the incoming GDP data from the Eurozone and Japan.
Sources:
Welcome to our regular Monday recap of economic events from the past week that are worth remembering.
Read more to stay in the loop!
A day later on Wednesday, all attention was drawn to the Fed's meeting, which also raised the base rate as expected to 4 %.
TIP: Read the full FOMC report
https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
On Tuesday, we were treated to a meeting of the Reserve Bank of Australia (RBA) to start the week, which raised the key interest rate by 25 basis points, as the markets had expected.
On Thursday, we had two central bank meetings. The Bank of England and the Czech National Bank, neither of which made any surprises, contrary to market expectations.
This week will definitely be a lot calmer for the upcoming dates.
Sources:
Welcome to the latest October recap of the events we focused on during the last trading week, which brought a few surprises worth remembering.
Read more to stay in the loop!
On Thursday, the ECB raised the key interest rate by 75 basis points, as the market expected. This was "only" the third rate hike in a row and we are currently at 2 %.
TIP: Recording of the ECB press conference
The US economic downturn gathered considerable momentum in October, while confidence in the outlook also deteriorated sharply.
The surprise of the week came on Wednesday, when the Bank of Canada (BOC) raised its base rate by 50 basis points, compared to the 75 bp it had announced.
The end of the trading week closed with the Bank of Japan meeting, where the central bank decided to leave rates unchanged again.
In the current trading week, we expect a total of four central bank meetings, which are sure to bring a degree of volatility to the markets.
Sources:
Last week offered us some interesting events that are worth paying attention to. The markets experienced volatility especially at the end of the trading week.
Read more to stay in the loop!
From the euro area, we were only looking for Wednesday's CPI and inflation data last week.
Wednesday also brought us the latest inflation and CPI data from the UK.
The US Dollar (USD) fell against the Yen (JPY) on Friday, posting its biggest daily decline.
We also saw inflation in Canada in the middle of the week, which signalled a bullish scenario for the Canadian dollar.
This week we have a couple of central bank meetings to focus our attention on.
Wednesday, October 26 - Bank of Canada (expected to raise rates by 75 bp)
Sources:
Welcome to our regular Monday recap of last week's fundamental, which was a bit weaker.
Even so, we were waiting for important data that brought volatility to the markets.
At the beginning of last week we were waiting for the latest data from the UK labour market, which turned out to be quite positive.
All last week, we were waiting for Thursday's US inflation data, which only reinforced our belief in a stronger US dollar.
This trading week will also be one of the weaker ones in terms of fundamentals.
The most interesting fundamentals we will wait for are Wednesday's data on the current inflation rate in the UK (8:00), the Eurozone (11:00) and Canada (14:30), on which we will focus our attention.
Sources:
Welcome to our regular Monday recap of the fundamentals we've been following over the past week.
Read on to keep up to date.
Last week, the European Central Bank (ECB) published its minutes from the monetary policy meeting, from which we could learn that inflation is too high.
Hint: read the full minutes of the ECB meeting:
https://www.ecb.europa.eu/press/accounts/2022/html/ecb.mg221006~a5f7fb03f3.en.html
Last week we also got the latest PMI data from the UK, which was also not entirely positive...
After the decline in the US dollar (usd) at the beginning of the week, we got better PMI and labour market data in the second half of the week, which helped the dollar to strengthen again.
The most important events on which we focused our attention were the meetings of the Reserve Bank of Australia and the Reserve Bank of New Zealand.
We start the week with almost no fundamentals because it is a holiday in the US and Canada.
More interesting data will come on Thursday.
Sources:
Welcome to our regular Monday recap of the most important events worth remembering.
Read more to stay in the loop!
At the end of last week, we turned our attention to inflation in the euro area, which rose and reached double digits for the first time in history.
At the turn of last week we could see the so-called. the "free fall" of the British pound (GBP). GBP came under selling pressure on Friday 23 September and then on Monday 25 September.
The topic of intervention in the Japanese currency market has been recurring a lot in recent days. We got more comments during the week that told us more.
On Thursday, the CNB Board left interest rates unchanged at 7 % for the second consecutive day.
This week we have two central bank meetings (RBA and RBNZ).
Sources:
The last trading week was marked by central banks, whose actions brought some volatility back to the market.
Let's see together what is worth remembering.
As expected, the Bank of England raised its main interest rate by 50 basis points at its monetary policy meeting on Thursday.
On Wednesday, we focused our attention on the most important event of the week. The Fed raised the key interest rate as expected to 3.25 %.
The Canadian inflation rate shows us a slight cooling after the interest rate hike.
The Bank of Japan left its key interest rate unchanged on Thursday.
At its meeting on Thursday, the Swiss National Bank raised its key interest rate by 75 basis points.
The current trading week will be much poorer on fundamentals.
On Tuesday, we will focus our attention on the speech by Fed chief Jerome Powell, which will come at 13:30.
Throughout the week, we will also be able to observe a few speeches by central bankers (ECB, FOMC, RBNZ and BOJ).
Sources:
English 
Czech 
Polish