Senior Market Analyst Jeffrey Halley talks about news impacting the market and the week ahead.
In this week’s action-packed episode, all eyes are on Wednesday’s US FOMC policy meeting. Where goes US monetary policy goes the world, it could be argued, but a LOT is happening this week ex-FOMC. Firstly we look at Wall Street’s price action on Friday and Asian equity markets today. Asian markets are lower today after the wheat deal signed by Russia and Ukraine on Friday was followed up by a Russian missile attack on the port of Odesa over the weekend. European equities haven’t liked what they saw either.
We discuss the joys of Russian diplomacy before moving on to US earnings with Microsoft, Alphabet, Meta and Apple releasing Q2 numbers this week, as well as a raft of other heavyweights. We discuss which one is likely to be the odd man out. (clue: it starts with M)
From there, it’s onto data from around the world that will come thick and fast this week, with tier-1 releases from Europe and the US, amongst others. We discuss China and its property sector, and a new support fund announced today while taking a quick diversion to take in Singapore inflation data. Inflation was much higher than forecast, and the MAS will certainly tighten again in October. But what does it mean for the rest of Asia, Asian central banks, and Asian currencies?
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Jeffrey Halley
He has previously worked with leading institutions such as Saxo Capital Markets, DynexCorp Currency Portfolio Management, IG, IFX, Fimat Internationale Banque, HSBC and Barclays.
A highly sought-after analyst, Jeffrey has appeared on a wide range of global news channels including Bloomberg, BBC, Reuters, CNBC, MSN, Sky TV and Channel News Asia as well as in leading print publications such as The New York Times and The Wall Street Journal, among others.
He was born in New Zealand and holds an MBA from the Cass Business School.
Latest posts by Jeffrey Halley (see all)
- Oil slides, gold rally continues - 5 August 2022
- US dollar retreat continues - 5 August 2022
- Pelosi relief rally in Asia - 5 August 2022