FxPro: What’s Moving Markets Next Week

Stay informed with FxPro’s weekly update and stay ahead of what’s shaping the markets.

Markets are heading into another important week of economic data, with inflation, central bank policy and consumer spending all set to shape expectations for interest rates and the broader economic outlook. 🌍

Tuesday begins with the latest US Consumer Price Index report, covering June inflation. The previous year-on-year reading came in at 4.2%, making this a key release for markets assessing the future path of Federal Reserve policy. Later that day, Fed Chair Kevin Warsh testifies before Congress, with investors watching closely for any fresh signals on interest rates. 🇺🇸

Attention then shifts to Canada on Wednesday, where the Bank of Canada announces its latest interest rate decision. Markets expect policymakers to leave the benchmark rate unchanged at 2.25%, but traders will be paying close attention to the accompanying press conference for clues on the future direction of monetary policy. 🇨🇦

Thursday wraps up the week with the latest US Retail Sales report. As one of the most important measures of consumer spending, the data will provide valuable insight into the strength of the American economy and could influence expectations for future Federal Reserve decisions. 🛍️

With inflation, central bank policy and consumer spending all in focus, currencies, indices and commodities could see increased volatility throughout the week. 👀

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