Last trading week offered us a lot.
Let's see together what interesting things happened and what surprised us!
The last trading week offered us appropriate volatility on the euro.
In the afternoon, the ECB decided at its monetary policy meeting to raise the base rate from 0% to 0.5%.
On Tuesday, we focused our attention on the labour market numbers. The July unemployment rate remained at the same level and thus remained at almost its lowest level.
- Unemployment rate - current: 3.8% / previous: 3.8%
Canada offered us inflation and retail sales data in the second half of last week, which turned out to be positive.
The monetary policy meeting of the Bank of Japan shows that the central bank still wants to keep monetary policy extra loose.
And what's in store for the current trading week?
The current trading week will offer us a little less.
Our attention will be focused on Wednesday's Fed meeting, where a 75 bps rate hike is expected, accompanied by the FOMC press conference.