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Will inflation peak this week? 14 Feb – 19 Feb, 2022*Please note; The author is working from UTC +13 when determining the timeline of data releases. Will inflation peak this week? 14 Feb – 19 Feb, 2022 Six significant inflation rate figures will keep investors on their toes almost every day of this week, with the most important data concentrated on Wednesday trading. Bear in mind the expectations for most of the inflation data figures are strongly suggesting that inflationary pressure has already peaked. So, watch out for deviations from these hopeful expectations. Tuesday, February 15: India Inflation Rate YoY JAN The week opens with India's Inflation Rate YoY to January. The data is released on Tuesday morning, and the market is expecting India's Inflation Rate to rise to 6.0% from the current 5.59%. The Indian Rupee is trading at a 7-week low against the US Dollar and a 3 ½- month low against the British Pound. The Rupee's weakness so far (and possibly to continue after Tuesday's data release) can be explained, in part, by the Reserve Bank of India less-hawkish stance than the US Federal Reserve and the Bank of England concerning raising interest rates. India's Inflation Rate hitting 6.0% isn't expected to radically alter the Reserve Bank of India's relatively less-hawkish stance. Wednesday, February 16: China Inflation Rate YoY JAN UK Inflation Rate YoY JAN South Africa Inflation Rate YoY JAN Expect three inflation rate data releases across Wednesday afternoon that may have the most considerable impact on this week's trading. In order of appearance: China's Inflation Rate YoY to January is forecast to fall from 1.5% to 1.00%. The UK's Inflation Rate YoY to January is forecast to remain flat at 5.4%. The direction that South Africa's Inflation Rate YoY to January is expected to head is contentious. The majority of the market expects the South African Inflation Rate to subdue a fraction of a percentage point from 5.9% to 5.7% or 5.6%. However, TradingEconomics is forecasting a rise to 6.0%. Thursday, February 17: Canada Inflation Rate YoY JAN Canada's Inflation Rate YoY to January, released very early Thursday morning, is forecast to remain flat at 4.8%. Thursday’s result may force investors to reconsider their exodus from the Canadian Dollar last week, as US Inflation hit a 40-year high and expectations for an aggressive US Federal Reserve response heightened. The same forces could be in play this week but in the opposite direction. The Bank of Canada is on the edge of a more aggressive stance and hotter than expected inflation could essentially guarantee that it enacts its first post-pandemic interest rate increase on March 2. Friday, February 18: Japan Inflation Rate YoY JAN Closing out the week is Japan's Inflation Rate YoY to January, released mid-day Friday. The market consensus is a mild increase to 0.9% from the current Inflation Rate of 0.8%. As Japanese companies are extremely slow to hike prices, Japan's peak inflation may lag other nations and continue to rise above 0.9% in the ensuing months. For one, the Bank of Japan is expecting inflation to hit 1.1% YoY to April, but still well under the Banks target annual inflation of 2.0%. Consequently, the Bank of Japan is expected to maintain its ultra-loose monetary policy and its -0.1% short term benchmark interest rate for the foreseeable future. As such, it might be a shock for the Japanese Yen to improve its position from its 5-year low against the US Dollar.
ECONOMICS:CAIRYY
by BlackBull_Markets
EURGBP BEARISH CONTINUATION ? EURGBP is still very much bearish and is in a critical zone. This is a potential liquidity zone if we examine the charts from the daily time frame (0.8300), a level that has been protected for 23 months. Smart money will be very keen on taking Sell side Liquidity to activate stops at this level. We are anticipating a big flush to the downside, however if there’s enough bullish momentum, we may see a bullish reversal from this point. We are currently paying attention to price action around this level to see what the market is deciding to do from the lower time frame.
by Sage_Trader
XAUUSD Long !XAUUSD LONG UNTIL 1869 I will keep this short and nice. Not financial advice trade at your own risk. I have been looking at gold for a good time now since last week and finally after a push to the downside while Jerome Powell spoke today. I think gold is at a cheap price level after taking out a lot of buyer from January 19th its looking perfectly at a level to move to the upside to 1869 and its also at a strong FIB level for a bounce as well. I will be looking forward to enter trade with a good price action with nice momentum. More likely when the London session starts, trade safe and be smart
OANDA:XAUUSDLong
by SilverisFX
3
CADJPY H4 - Short SetupCADJPY H4 Possible short incoming as we approach this 90.00 handle, we have already extended 150 pips from our pivot point without a correction (88 handle). Even if we see a relief rally from 90.00 this could still offer us a solid 2R or even 3R. We have been trending some time and as we approach year end, I wonder if these will continue. I'm fairly doubtful and expect we may see ranges between 90 and 85 again before year close. We have our 90 whole number, 618 fib resistance and S/R from previous zone holds already.
Short
by Trade_Simple_FX
1