
The first week of November promises to be eventful, as we have the Fed meeting, the BOE update, and the NFP release. Read more details here.
On Friday, the common currency managed to gain steeply after the EU leaders came to an agreement on a number of immigration issues.
The leaders of the EU nations came to an agreement on the migration downtime after the summit in Brussels. That’s what Donald Tusk, the chairman of the European Council posted on Twitter.
As it’s specified, Xavier Bettel, the Prime Minister of Luxembourg also posted on Twitter that the EU chiefs came to a compromise on crucial immigration issues.
Previously, Italy had blocked the final document of that summit blocked because this country insisted on greater coordination of migration issues. Giuseppe Conte, the Prime Minister of Italy told that the responsibility for every refugee needs to be taken by the entire community, and not by the European country to which the migrant initially came. Moreover, it was offered to roll out special quotas for the reception of migrants for the EU members. Those EU members who refuse from such quotas are going to face diminished targeted funding from the common budget. By the way, Italy’s initiative has been already backed by France and Spain.
The Japanese yen showed a minor reaction to upbeat data from the labor market as well as inflation figures in the Tokyo region.
As the Bureau of Statistics of Japan states, in June, the consumer price index in Tokyo, rallied by 0.6% year on year having soared by 0.4% in May. Market experts had hoped for a 0.5% soar. Excluding fresh food prices, the Tokyo consumer price index managed to ascend by 0.7% having leapt by 0.5% earlier. However, market experts had predicted a 0.6% jump. Simultaneously, the consumer price index without energy and good prices rallied by 0.4%. That’s higher than the previous reading of 0.2% as well as the prediction of market experts of 0.3%.
The first week of November promises to be eventful, as we have the Fed meeting, the BOE update, and the NFP release. Read more details here.
Last week several important economic updates influenced the Forex market. US preliminary GDP fell less than expected (0.6% actual vs. 0.7% forecast). Below you will find the key events to trade on during the week from August 29 to September 2.
Last week, there were sharp swings in USDJPY, a decline in oil prices, and a surge in Tesla stock. What's next?
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.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
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