#MarketNews WHAT TO EXPECT FROM THE WEEK The beginning of | Smart Forex Lab.
#MarketNews
WHAT TO EXPECT FROM THE WEEK
The beginning of the week will be rich in news from central banks. On Wednesday, the Fed's decision on the interest rate will be published; it is expected that the tightening policy will continue.
Get ready for news from the Reserve Bank of Australia (Tuesday), the Swiss National Bank, and the Bank of England (Thursday). Friday won’t be boring: the data on production in the Eurozone will be published, and the head of the Fed, Powell, will make a speech.
An important event for the financial markets may be the elections in Italy, which will be held this weekend. How financial markets will react to the election results amid the energy crisis may come as a surprise.
So far, the European stock market is showing dangerous dynamics. The EURO STOXX 50 stock index, made up of shares of the 50 largest companies in Europe, found a minimum in the spring (1) near the level of 3400, against the backdrop of the outbreak of hostilities in Ukraine. The level was maintained in the summer (2).
However, the closer winter comes, the closer the index drops to this key level. And note that the bounces are less and less energetic, as shown by the red line. Investors in the EURO STOXX 50 should also be alarmed by the fact that, compared to the UK stock index (3), European stocks perform much weaker.
Perhaps the third approach of the price to the level of 3400 will turn into a bearish breakdown, which will exacerbate the problems of Europe.
To take advantage of fluctuating global stock indices, consider enlisting the services of a reliable broker like FXOpen.
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
