Market News 17/8

⬆ The Reserve Bank of New Zealand increased the Official Cash Rate by 50 basis points to 3%. The central bank expects to keep raising the rate to 4% – it’s one of the leaders of global tightening. The NZD gained versus other currencies but then started pulling back. 
 
🙀 Inflation in the UK jumped to 10.1% in July versus 9.8% expected. GBPUSD is little changed around 1.2100.
 
🙏 Chinese Premier Li Keqiang asked local officials from six key provinces that account for 40% of the economy to bolster pro-growth measures. The news supported market sentiment.
 
🛢 Oil partially bounced from a recent slump but was still in sight of a more than six-month low. XBRUSD is trying to find support around 92.50. 

✅ Walmart topped analysts’ expectations for earnings and revenue in the fiscal second quarter but pointed out that consumers turned to cheaper groceries and essentials. The stock traded 5% higher yesterday than on Monday after forming a bullish gap. 
 
📣 Coming next  
🇺🇲15:30 MT time – US Retail Sales 
🇺🇲21:00 MT time – FOMC meeting minutes – we’ll find out whether the US central bank considered a 100-basis-point rate hike in July.  

 #ChươngTrìnhThủLĩnhÝTưởng# 

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