Join the PU Xtrader Challenge Today
Trade with simulated capital and earn real profits after you pass our trader assessment.
Join the PU Xtrader Challenge Today
Trade with simulated capital and earn real profits after you pass our trader assessment.
20 October 2023,00:19
Weekly Outlook
20 October 2023, 00:19
In September, Canada’s annual Consumer Price Index (CPI) showed a decline in inflation from 4% in August to 3.8%. The Bank of Canada’s upcoming rate decision will be crucial, as it previously held the benchmark rate at 5% in September but indicated potential further hikes if inflation pressures continue.
Despite the ECB’s recent record-high key interest rate increase to 4.0%, there are concerns about an economic slowdown, and the possibility of a recession. Some ECB council members believe that current borrowing costs are sufficiently high, indicating no immediate need for another rate hike.
The GDP rose at an unrevised 2.1% annualised rate last quarter. The U.S. economy showed steady growth in Q2. Some economists see potential for the Federal Reserve to raise interest rates in November, given the resilient economy and high inflation. However, others think economic challenges might deter further tightening.
The latest US Core PCE Price Index registered at 0.1%, falling short of the anticipated 0.2%. While the PCE index is one of the indicators the Fed considers for measuring inflation, and since the September meeting, Fed officials have indicated their expectation of maintaining elevated interest rates for an extended duration. However, markets believe the Fed has completed its rate hikes.
Trade with simulated capital and earn real profits after you pass our trader assessment.
22 November 2024, 02:45 Dollar Stable Despite Quiet Week, PCE May Boost It Further
15 November 2024, 03:32 Dollar Power! Set to Hold Strong with Quiet Data Ahead
8 November 2024, 02:30 U.S. Election Aftershocks Fade, Data Back In Spotlight
Disclaimer: This website exclusively provides proprietary trading services. We do not engage in any regulated activities, offer investment management services, or manage funds on behalf of external clients. Our trading activities are conducted solely with the firm's own capital, and we do not accept client deposits or manage client accounts. It's important to note that none of the services we provide should be construed as investment or financial services in accordance with applicable laws.
This website offers services related to professional skill and experience assessment, which determine your eligibility to trade with the firm's capital. The outcome of these services is inherently determined by your individual skill level and ability to perform within the trading requirements and objectives outlined for each service separately. Clients are strongly advised to thoroughly understand the requirements of the services before signing up for any.
The content provided on this website is for informational purposes only and does not constitute financial, investment, or trading advice. The information presented is based on sources believed to be reliable, but we do not guarantee its accuracy, completeness, or timeliness. We disclaim any liability for any loss or damage arising directly or indirectly from the use of or reliance on the information provided on this website.
This website is not directed to residents of certain jurisdictions such as the United States, Singapore, Australia, China and some other specified regions, and is not intended for distribution to, or use by, any person in any countries or jurisdictions where such distribution or use would be contrary to local law or regulation.
