How to trade the JPY?
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
Aussie goes down on weaker than anticipated China imports
On Friday, the Australian dollar went down after mixed China trade data as imports turned to be lower than anticipated and put pressure on the demand outlook from Australia's key trade partner.
The currency pair AUD/USD went down 0.15% trading at 0.7880, USD/JPY dived 0.01% hitting 111.26.
As China informed, in December experts tacked on 10.9% versus a leapt of 9.1% observed, while imports demonstrated a 4.5% soar versus a 13.0% ascend anticipated. The trade balance reached $54.69 billion surplus versus $37 billion observed.
Measuring the greenback’s value against a basket of six key currencies, the US dollar index went down 0.11% being worth 91.56.
Overnight, the US currency headed south versus other currencies on Thursday following dismal American economic data.
The evergreen buck was affected after reports revealed that American producer prices suddenly dived in December, which is the first sag in nearly one-and-a-half years, while initial jobless claims suddenly tacked on the previous week.
Similar
Is Inflation Defeated?
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.
Who Will Rule the US?
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.
Latest news
Market Crash Incoming?
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.
What Currency Will Overperform?
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.
Investor Positivity May Fade After Powell's Speech and CPI Release
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.
