Learn To Trade
 
Indicators & Chart Patterns

Deepen your knowledge of technical analysis indicators and hone your skills as a trader.

Find your detailed guides here
Trading Glossary

From beginners to experts, all traders need to know a wide range of technical terms. Let us be your guide.

Learn more
Knowledge Base

No matter your experience level, download our free trading guides and develop your skills.

Learn more
Learn To Trade

Trade smarter: boost your skills with our training resources.

Create a live account
Market Analysis
 
Market News

All the latest market news, with regular insights and analysis from our in-house experts

Learn more
Economic Calendar

Make sure you are ahead of every market move with our constantly updated economic calendar.

Learn more
Technical Analysis

Harness past market data to forecast price direction and anticipate market moves.

Learn more
Live Webinars

Boost your knowledge with our live, interactive webinars delivered by industry experts.

Register now
Special Reports

Engaging, in-depth macroeconomic analysis and expert educational content from our in-house analysts

Learn more
Market Analysis

Harness the market intelligence you need to build your trading strategies.

Create a live account
Partnership
 
Affiliate Programme

Grow your business and get rewarded. Find out more about our Affiliate Programme today.

Learn more
Money Manager

Increase your income and get compensated for your trading knowledge with ThinkInvest, putting you in control.

Learn more
Introducing Broker

ThinkMarkets ensures high levels of client satisfaction with high client retention and conversion rates.

Learn more
White Label

We supply everything you need to create your own brand in the Forex industry.

Learn more
Regional Representatives

Partner with ThinkMarkets today to access full consulting services, promotional materials and your own budgets.

Learn more
Partnership

Plug into the next-gen platforms and the trades your clients want.

Partner Portal
About ThinkMarkets
 
Liverpool FC Sponsorship

ThinkMarkets is the Official Global Trading Partner of Liverpool FC

Learn more
About Us

Find out more about ThinkMarkets, an established, multi-award winning global broker you can trust.

Learn more
Careers

Discover a range of rewarding career possibilities across the globe

Apply now
Security of Funds

Security of your funds is our number one priority. We safeguard our Client funds in top tier banks.

Learn more
ThinkMarkets News

Keep up to date with our latest company news and announcements.

Learn more
Trading Infrastructure

When it comes to the speed we execute your trades, no expense is spared. Find out more.

Learn more
Contact Us

Our multilingual support team is here for you 24/7.

Learn more
About ThinkMarkets

Global presence, local expertise - find out what sets us apart.

Create a live account
Create account

Week Ahead Preview 5th of September

Mahmoud Alkudsi Mahmoud Alkudsi 05/09/2022
Week Ahead Preview 5th of September Week Ahead Preview 5th of September
Week Ahead Preview 5th of September Mahmoud Alkudsi
Three major central banks are expected to hike their interest rates by 50 bp or above this week. Investors will also keep an eye on key data releases to adjust their positions accordingly.
 
Markets’ risk appetite deteriorated further on news of Russia cutting off gas supplies completely and indefinity to Europe threatening of an energy crisis this winter in the continent. Consequently, the Euro slipped, and the US Dollar index rallied on Monday to a new 20-year high at 110.04. 
 
A new prime minister will finally be known on Monday in the UK . The foreign minister Liz Truss looks likely to beat her competitor the former Chancellor of the Mr Rishi Sunak. Investors will keep an eye on the new 10 Downy Steet’s resident’ policy to support households and businesses in the current energy crisis and his/her Brexit policy. 
 
The August Jobs report of Friday revealed a robust growth in the US jobs market as the economy added 315 thousand jobs. The report also showed lower-than-expected average hourly earnings at 5.2% with higher labor participation which rose from 62.1 to 62.4%. This data indicates that the Fed may start slowing down its rate hiking pace from November. In this scenario, it is highly likely to see the Fed hiking in September by 75bp, November by 50bp and December by 25bp.

Economic data highlights

Monday 5th of September
  • AUD - Global Services PMI Final (AUG)
  • CNY - Caixin Composite PMI (AUG)
  • CHF - GDP Growth Rate (Q2)
  • EUR - Global Services PMI Final (AUG)
  • GBP - Global/CIPS UK Services PMI Final (AUG)
  • Retail Sales (JUL)
Tuesday 6th of September
  • RBA Interest Rate Decision
  • USD - Global Composite PMI Final (AUG)  
  • USD - ISM Non-Manufacturing PMI (AUG)
Wednesday 7th of September
  • AUD - GDP Growth Rate (Q2)
  • EUR - GDP Growth Rate (Q2)
  • CAD - BoC Interest Rate Decision
Thursday 8th of September
  • JPY - GDP Growth Annualized Final (Q2)
  • RBA Gov Lowe Speech
  • CHF- Unemployment Rate (AUG)
  • ECB Interest Rate Decision and Press Conference
Friday 9th of September
  • CNY- Inflation Rate (AUG)
  • CAD- Unemployment Rate (AUG)
 
Major Central Banks’ Decisions
 
The Reserve Bank of Australia will probably deliver a 50bp hike this week taking the current rate from 1.85% to 2.35% aiming to control high inflation levels of 6.1% in July. The Central bank might slow the pace of hiking from here on nonetheless, any future decision is going to be data dependent.
 
The Bank of Canada surprised investors with a 1% hike at the July meeting hinting at more hikes on the horizon to control high inflation levels. The BoC highlighted in the previous meeting that the economy was experiencing “excess demand” and the fact that inflation in July was at 7.6% (far away from its 2% target) it is expected that the BoC could hike by 75 bp in this meeting taking the current interest rate from 2.50% to 3.25%. The central bank is highly likely to hike further this year given its board member’s assurances to bring inflation levels back to target.
 
The new record inflation headline of August 9.1% and ECB members’ hawkish speeches led markets to price in a near 75 bp rate hike in the meeting of September this week, taking the current interest rate from 0.50% to 1.25% .Further hikes are expected in the coming ECB meetings this year in October and December.  
 
 
Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.

Related articles:

Risk Assets Fall on Increased Recession Fears

By Mahmoud Alkudsi

07/12/2022

Week Ahead Preview 5th of December

By Mahmoud Alkudsi

05/12/2022

Gold Poised for Second Week of Gains as Fed’s...

By Agnes Lovasz

02/12/2022

EUR/USD Price Stabilizes as Markets Brace for...

By Mahmoud Alkudsi

30/11/2022

Week Ahead Preview 28th of November

By Mahmoud Alkudsi

28/11/2022

Meet our contributors
Carl Capolingua
×
Carl Capolingua
Market Analyst, Melbourne

Carl has over 20 years' experience in financial markets and has held senior analyst roles at a number of financial institutions. Specialising in Australian and US stock markets in particular, Carl uses a top-down approach to assess the global macro picture before using both technical and fundamental techniques to select stocks. He regularly appears as an expert commentator on a number of media outlets throughout the Asia-Pacific region.
 
 
 

Lesego
×
Lesego Mthombothi
Market Research Analyst, South Africa

Lesego Mthombothi is an experienced market research analyst and investment professional who proudly holds an honours degree in investment management and completed her CFA level 1.
 
 
 

Mahmoud Alkudsi
×
Mahmoud Alkudsi
Chief Markets Analyst, MENA

Mahmoud is a market analyst, with over a decade of experience in financial markets. He follows main market movers and tracks their effect on the price chart. Mahmoud mixes technical and fundamental tools with a deeper focus on the technical side, and with his wide experience in providing educational and guidance materials to all levels of traders, he helps them in making informed trading decisions. Before joining ThinkMarkets, Mahmoud was head of market research departments in different reputed financial companies, where he provided market analysis for a variety of asset classes, including FX, equities, indices, and commodity futures. As an experienced market commentator, he was hosted by too many print and broadcast media, including not limited to Sky News Arabia, France 24, Alarabyia, Alsharq-Bloomberg, and CNBC Alarabyia to discuss key risk events their clear impact on the price action. Mahmoud holds a Master of Business Administration (MBA) from Cardiff Metropolitan University of Wales, UK, and speaks Arabic, English, and Spanish.

Shawn
×
Shawn Lee
Market Analyst, Malaysia

Shawn Lee has over eight years of experience in the financial market as a market analyst. Shawn provides market key insights and trade ideas through the market and technical analysis. He also held trader roles and guided traders in maximising one’s trading success.

Carl Capolingua
Carl Capolingua
Carl has over 20 years' experience in financial markets and has held senior analyst roles at a number of financial institutions.
Lesego
Lesego Mthombothi
Lesego Mthombothi is an experienced market research analyst and investment professional who proudly holds an honours degree in investment management and completed her CFA level 1.
Mahmoud Alkudsi
Mahmoud Alkudsi
Mahmoud is a market analyst with over a decade of experience in financial markets. Mahmoud mixes technical and fundamental tools with a deeper focus on the technical side, and has experience in providing guidance to all levels of traders.
Shawn
Shawn Lee
Shawn Lee has over eight years of experience in the financial market as a market analyst. Shawn provides market key insights and trade ideas through the market and technical analysis. He also held trader roles and guided traders in maximising one’s trading success.
Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Back to top