
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
Australian Bureau of Statistics will release the quarterly change in Consumer Price Index on April 27, 16:30 GMT+3. This is Australia's most important price data because central banks use it for setting the inflation target. This release is considerable for all AUD related pairs, like AUDUSD and EURAUD.
The official measure of consumer price shows economic health in the country. Much of the increase in prices happened due to a clash between strong demand and Covid-disrupted supply chains. High numbers in this quarter could prompt the Reserve bank of Australia (RBA) into rates lift-off in the middle of a federal election campaign at their May meeting. Most of the time, rate hikes are positive for the currency. In January, the last CPI release caused a massive volatility spike, moving AUDUSD lower and higher by hundreds of pips.
Higher-than-expected numbers will boost the AUD. Moreover, AUDUSD may fly to its last local highs at 0.7650.
Check the economic calendar
Instruments to trade: AUDUSD, EURAUD, AUDJPY
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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