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Now: Slow Beginning of the Hectic Week
The beginning of the week is a bit weak for what we are expecting a busy week as the monetary policy of the USA will be announced and coupled with a few more major macro-economic data in which will definitely set the tone for the upcoming growth and inflation situation in the global market.
The Euro is one of the worst currency performances as weak economy figure show a slow growth and risk for recession plus with the persistent tension with Russia. Currently the main issue is still regarding the energy supply from Russia. The Nord Stream 1 pipeline is currently flowing at 20% of full capacity rate in which according to the projection it will result in not having enough natural gas to make through the winter.
26 July 2022
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