Week So Far
We are in the middle of the week and we got some important data releases. Let's cover them together in our blog!
1- US Annual Inflation
We have received the US Inflation rate today and it is lower than expected. US Annual Inflation declined to %8.5 and this has given some hopes to investors. Previous month %9.1 Inflation rate may be the peak of inflation and everyone in the market started to assess this possibility. If it comes true we will definitely see rises in Stock Markets and decline in Dollar Index.
2- China Inflation Reaches 2 Year High
Inflation rate in China was reported this morning as %2.7. This is above the expectations. Stimulus packages to help the troubled real estate sector may create the same inflation problem in China. Declining Energy prices may limit the rise in Inflation.
3- A big Attack on the Crimea
Ukrainian Army hit an airbase in Crimea region and that started another escalation. Ukraine President Zelensky told the press that this war started in Crimea and it will end there. These statements may start more aggression on the Russian side and they may attack the capital Kiev soon. Ongoing war situation may worsen the European Energy Markets.
4- Mortgage Applications Decline in US
Real Estate sector is getting affected by high mortgage rates in the US and applications are declining to the lower levels. The prices are also on the decline and this is creating a slowdown in Real Estate Market. If this trends stabilizes on a good range it may be the best case for inflation. But if it goes on decline fast it may lead to a recession.
As you can see there are a lot of moves in the market. You can start making money with Gann Markets Expert Advisers. Start your trading account today!!