The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
100 billion euro EU exit bill won’t be paid by Great Britain
The United Kingdom isn’t going to pay 100 billion euros just to leave the European Union. That’s what Brexit minister David Davis unveiled on Wednesday after the Financial Times disclosed that the European Union was about to demand the given amount.
Citing its own analysis of fresh stricter demands it told were driven by Germany and France, the newspaper told that 100 billion euros turned to be a big figure.
Davis informed the British channel ITV that Great Britain won’t shell out 100 billion. Instead, the country will discuss in detail what the obligations and rights are.
He added that the UK government hadn’t seen a figure from the European Union for the exit bill.
Besides this, the FT stressed that following requests from member states, the initial calculations were revised by EU negotiators for the purpose of maximizing the liabilities Great Britain would be asked to cover, including EU administration fees and post-Brexit farm payments in 2019 and 2020.
Happy Monday, dear traders! Hope you had a great weekend and you’re ready for the last trading week in 2022! Later this week we’ll announce some exciting news for you, but now let’s look through some interesting news! Today’s events: USA, UK, Hong…
On the H4 timeframe, the US dollar index has formed a bullish falling wedge. At the beginning of the trading session, the price is testing the upper border of this wedge. Thus, in case of a higher-than-expected Core PCE Price Index m/m, the US dollar will skyrocket against other currencies.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…