
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
On Tuesday, the Australian and New Zealand dollars edged up versus their American rival notwithstanding the publication of dismal Australian data because market sentiment on the US currency turned to be vulnerable ahead of the Fed’s last policy gathering of 2017.
The currency pair AUD/USD rallied 0.24% reaching 0.7545.
The US currency sagged, although the key US bank is generally believed to lift interest rates by 0.25% at its policy gathering this week.
The Australian Bureau of Statistics informed that its house price index went down 0.2% during the third quarter, thus ruining hopes for a 0.6% leap, after a jump of 1.9% for the three months to June.
Additionally, the National Australia Bank told in November its business confidence index sagged to 6 from an outcome of 8 last month.
The currency pair NZD/USD managed to grow 0.36% trading at 0.6936, which is the highest since November 28.
The Kiwi was underpinned by the appointment of Adrian Orr, an ex-major bank official, to rule the Reserve Bank of New Zealand as of March next year.
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
Now traders follow the economic events with new vision as inflation in the US seems like decreasing. Let’s see what releases will influence the market due to that factor.
The week will have the biggest event in the US political process over the last two years. How will the elections affect the Forex market? We covered the most important news of this week in this report.
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
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.
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