
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 Thursday, the Australian and New Zealand dollars slumped versus their American rival after the publication of gloomy Australian trade data. Additionally, demand for the US currency was still broadly underpinned.
The currency pair AUD/USD went down 0.34% being worth 0.7537, which is the lowest reading since November 21.
According to the Australian Bureau of Statistics, in October, the trade surplus declined to A$0.105 billion from September’s outcome of A$1.604, whose figure was updated from a previously estimated reading of A$1.745 billion.
As a matter of fact, market experts had hoped that the trade surplus would decline to about A$1.401 billion in October.
The currency pair NZD/USD inched down 0.55% demonstrating an outcome of 0.6844.
The greenback gained underpinned by Wednesday’s data, which showed that in November, the American private sector generated up to 190,000 jobs.
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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