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Weekly Market Outlook (21-25 August)

Weekly Market Outlook (21-25 August)
UPCOMING EVENTS:Monday: PBoC LPR.Wednesday: NZ Retail Sales, AU/JP/EZ/GB/US PMIs, Canada Retail Sales.Thursday: US Jobless Claims. Friday: Fed Chair Powell speaks at the Jackson Hole Symposium (24-26 August).MondayThe PBoC is expected to cut the LPR rates by 15 bps as it did the last week with the MLF. The rate cuts follow the promise of Chinese authorities to deliver more on the stimulus side to propel its ailing economy. The markets didn’t react positively to rate cuts as they p... Read More
Posted: Aug 20 2023, 08:49
Author Name: forexlive
Views: 112245

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