<b> MARKET</b> ANALYSIS <b> MARKET</b> ANALYSIS

MARKET ANALYSIS

Cutting-Edge Market Commentary for Informed Strategy Making

WEEKLY OUTLOOK


14.08.2023-18.08.2023


Good afternoon traders.


As we are now in the traditional summer quiet period, market activities appear largely subdued. Monday offered very little on the economic docket with US June Consumer Credit Change report coming higher than market expectations at 17.8B. Tuesday also moved in shallow waters with important news coming only from China. Chinese trade balance showed an increase to 576B surpassing investors expectations but turning the market cautious. On Wednesday data from China revealed that the Consumer Price Index (CPI) rose 0.2% on a monthly basis in July. Annual CPI in the same period fell -0.3 compared to 0% in June, while the Producer Price Index (PPI) declined 4.4%. The Consumer Price Index (CPI) report from US indicated an acceleration of 3.2% on Thursday, slightly below market consensus. Another economic report revealed an increase in Initial Jobless Claims to 248,000, surpassing market estimates of 230,000. Finally on Friday the day kicked off with the GDP report from UK showing an economic growth of 0.2% beating market expectations of 0.0%. The week ended with the US Producer Price Index released from the Bureau of Labor Statistics which showed a rise of 0.3% surpassing market expectations.


Have a nice week ahead.



Monday 14 August

Time CET

Cur.

Event

Forecast

Previous

23:30

NZD

Performance of Services Index


50.1

Tentative

EUR

German WPI

-0.2%

Tentative

CNY

Foreign Direct Investment

-2.7%


Tuesday 15 August

Time CET

Cur.

Event

Forecast

Previous

05:00

CNY

Industrial Production

0.3%

09:00

GBP

Claimant Count Change

-69.3B

15:30

USA

Retail Sales


Wednesday 16 August

Time CET

Cur.

Event

Forecast

Previous

05:00

NZD

Official Cash Rate

-0.2%

09:00

GBP

CPI

2.640%

21:00

USD

FOMC Meeting Minutes

4.534%


Thursday 17 August

Time CET

Cur.

Event

Forecast

Previous

04:30

AUD

Unemployment Rate



15:30

USD

Unemployment Claims

0.2%

0.2%

15:30

USD

Philly Fed Manufacturing Index

227k


Friday 18 August

Time CET

Cur.

Event

Forecast

Previous

02:30

JPY

National Core CPI

0.2%

09:00

GBP

Retail Sales

0.6%

12:00

EUR

Core CPI

0.2%

0.1%


DEPOSIT METHODS

Payment 0
Payment 1
Payment 2
Payment 3
Payment 4
Payment 5
Payment 6
Payment 7
Payment 8
Payment 9
Payment 10
Payment 11
Payment 12
Payment 13
Payment 14
2021

Best trade execution

Cairo Investment Expo 2021

2022

Best Forex Spreads

Ultimate FinTech Awards 2022

2022

Highest overall customer satisfaction

European Fintech 2022

2023

Best customer service

2023 Global Forex Awards

  • 2021

    Best trade execution

    Cairo Investment Expo 2021

  • 2022

    Best Forex Spreads

    Ultimate FinTech Awards 2022

  • 2022

    Highest overall customer satisfaction

    European Fintech 2022

  • 2023

    Best customer service

    2023 Global Forex Awards

Online Chat Chat with us

Email:supportsohomarkets.com

Copyright © 2023 - All rights reserved.

This website is operated by V&S Group of companies which has obtained several licenses in many regions around the world: • Vstar & Soho Markets Ltd (Cyprus) •Soho Markets Global Limited (Mauritius) • Soho Markets LLC (St. Vincent & the Grenadines)

Vstar & Soho Markets Ltd is an Investment Firm incorporated in Cyprus under number HE 408588. Regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 409/22.

Soho Markets Global Limited is an Investment Firm incorporated under the laws of Republic of Mauritius with company number 181778. Regulated by the Financial Service Commission (FSC) in Mauritius under license number GB21026599.

Soho Markets LLC is incorporated in St. Vincent & the Grenadines as an International Business Company with registration number 1310 LLC 2021.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read the full Risk Disclosure.

Regional Restrictions: SOHO MARKETS GLOBAL LIMITED does not provide services in the territories of the United States of America, Canada, Israel, Japan, North Korea, Belgium, and UN/EU Sanctioned countries.

Soho Markets Global Limited and Soho Markets LLC do not provide services to EU clients.  EU clients can only be serviced by Vstar & Soho Markets Ltd.

CLIENT AGREEMENT (TERMS AND CONDITIONS) Privacy Policy Risk Disclosure