FED Will Announce Its Interest Rate Decision Tonight at 21:00… *August inflation in the UK increased by 0.3%, while it increased by 6.7% on an annual basis. Core inflation increased by 0.1% monthly and 6.2% annually. The data generally showed an increase below expectations. However, inflation still continues its strong course. Following the announced data, there were downward reactions […]

Although Inflation in the Euro Zone Increased Below Expectations, It Continues to Remain Stubborn… *Villeroy from the European Central Bank said in his statement: “When inflation returns to 2%, the ECB interest rate may decrease again.” *Euro Zone current account gave a surplus of 20.9 billion euros in July, compared to the expectation of a […]

ECB’s Statements on Interest Rates, Canadian Inflation Surprises… *ECB’s Kazimir said in his statements: “I hope that the interest rate increase has ended, but we cannot ignore further interest rate increases. “Only the March forecasts can confirm that we are firmly on track towards our inflation target.” He used his expressions. *ECB’s Guindos said in his statements, […]

ECB Increased Interest Rates in a Near-Surprise… *In today’s meeting, the European Central Bank (ECB) surprised by raising the policy rate by 25 basis points to 4.50%, contrary to the expected 4.25%. This decision was made to address persistently high inflation, tightening financing conditions, and reduced consumer demand. While growth expectations were revised downward, there […]

Inflation Increased in the USA… *Industrial Production for July, announced today in the UK, was below expectations, showing a monthly decrease of 0.7% and an annual increase of 0.4%. Manufacturing Production, on the other hand, came above expectations, showing a monthly decrease of 0.8% and an annual increase of 3.0%. The Trade Deficit for July also decreased […]

Oil Production of OPEC Countries Increased… *The Unemployment Rate for July, announced today in the UK, increased from 4.2% to 4.3%. Employment change decreased by 207 thousand people. The previous month’s employment change was at -66,000. Following the data, Bank of England (BOE) member Breeden said in his speech that he saw that the risks to growth and […]

Market Updates: GBPUSD Rebounds, Nasdaq Approaches Resistance, Dow Jones Eyes Key Level *The serial decline in sterlin last week caused the GBPUSD parity to fall to its 200-day average. As of the new week, there is an upward reaction in the parity due to the slight depreciation of the dollar index. We follow these reactions first with […]

German CPI Meets Expectations, Canadian Employment Surges in August… *The GDP for the second quarter announced today in the Euro Zone was below expectations, showing quarterly growth of 0.1% and annual growth of 0.5%. The economy was expected to grow 0.3% and 0.6% respectively. *The weekly unemployment benefit applications announced in the USA during the day […]

Euro Zone GDP Falls Below Expectations, US Unemployment Hits Record Low… *The GDP for the second quarter announced today in the Euro Zone was below expectations, showing quarterly growth of 0.1% and annual growth of 0.5%. The economy was expected to grow 0.3% and 0.6% respectively. *The weekly unemployment benefit applications announced in the USA during […]

Inflation and Interest Rate Insights… *In his speech today, European Central Bank (ECB) member Kazimir said that a possible rate hike is still needed, that a 25 basis point increase in interest rates may be preferred next week, alternatively in October or December, and inflation is stubbornly high. *Boston Fed Chairman Collins said in a […]