
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
On Wednesday, the Australian and New Zealand dollars rallied versus their American rival notwithstanding the publication of dismal Australian data because market sentiment on the US currency was still vulnerable.
The currency pair AUD/USD managed to grow 0.11% being worth 0.8092 after the Australian Bureau of Statistics informed that the consumer price index inched up 0.6% during the fourth quarter, thus confounding hopes for a 0.7% profit.
However, consumer prices soared 1.9% for the three months to December year-over-year versus hopes for a 2% leap.
In China, in January official manufacturing purchasing managers' index headed south to 51.3 from 51.6 in December, versus hopes for a tumble to 51.5.
China's non-manufacturing PMI tacked on to 55.3 in January from December’s reading of 55.0, surpassing hopes for an intact outcome.
The currency pair NZD/USD inched up 0.80% showing a reading of 0.7389.
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
We prepared an outlook of major events of this week. Check it and be ready!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
Saudi Arabia agreed to cut oil production. What will happen with the oil price now?
The situation on the labor market still looks optimistic. Today we expect the Unemployment rate data. 3.5% is expected.
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.
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