🤑🔥IMPORTANT🔥👀👇
PAY ATTENTION TO THIS: FEW DATA POINTS, BUT VERY RELEVANT (DON'T LET THEM CATCH YOU BY SURPRISE)
💥Only weeks left until the central banks' rate decisions. And those decisions will DIRECTLY depend on these data:
👉On Tuesday, consumer confidence will be released.
▫️It’s expected to drop from 92.8 to 91.9.
▫️A LOWER than expected figure would be bearish for the financial markets as it would indicate lower consumer spending intentions and a slowing economy.
👉On Thursday, the PCE inflation report drops. There’s still no clear consensus on expectations.
▫️A HIGHER than expected figure would be BEARISH for the financial markets because it would increase the chances of the FED hiking interest rates.
▫️That same day, the GDP revision will also be released. A strong drop could heighten fears of a potential recession.
📍Any surprises in these data can trigger STRONG movements in the financial markets, especially given the massive uncertainty surrounding interest rates and how close we are to the upcoming central bank decisions.
#JessRonGar #MarketMoves
PAY ATTENTION TO THIS: FEW DATA POINTS, BUT VERY RELEVANT (DON'T LET THEM CATCH YOU BY SURPRISE)
💥Only weeks left until the central banks' rate decisions. And those decisions will DIRECTLY depend on these data:
👉On Tuesday, consumer confidence will be released.
▫️It’s expected to drop from 92.8 to 91.9.
▫️A LOWER than expected figure would be bearish for the financial markets as it would indicate lower consumer spending intentions and a slowing economy.
👉On Thursday, the PCE inflation report drops. There’s still no clear consensus on expectations.
▫️A HIGHER than expected figure would be BEARISH for the financial markets because it would increase the chances of the FED hiking interest rates.
▫️That same day, the GDP revision will also be released. A strong drop could heighten fears of a potential recession.
📍Any surprises in these data can trigger STRONG movements in the financial markets, especially given the massive uncertainty surrounding interest rates and how close we are to the upcoming central bank decisions.
#JessRonGar #MarketMoves
