
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 dollar managed to grow versus its US rival after the publication of upbeat Australian housing sector data. At the same time the New Zealand dollar sagged reacting to a gloomy business confidence report.
The currency pair AUD/USD gained 0.18% demonstrating 0.7584, which is off last session's one-week minimum of 0.7552.
The Australian Bureau of Statistics informed that in October building approvals added 0.9%, thus ruining hopes for a 1.8% dip.
According to a separate report, Australia's private capital expenditure went up by 1.0% during the third quarter, which is in line with investors’ hopes.
The currency pair NZD/USD edged down 0.46% demonstrating 0.6851, which is the lowest reading since November 22.
Thursday’s data also revealed that in November New Zealand's ANZ Business Confidence index dived to an eight-year minimum of -39.3 from -10.1 last month.
Market sentiment on the US currency was still fragile ahead of an important vote on tax reform in the United States.
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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