
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
On Thursday, the common currency stood still after evidence of strength in the Chinese economy improved the outlook for the world economy, with the financial markets looking next to EU gauges to provide the euro with a further boost.
As a matter of fact, the common currency was nearly intact, sticking with $1.1293.
The common currency has steadily revived from a minimum of $1.1183 recorded at the beginning of April.
The common currency managed to rally once Wednesday’s data revealed that the Chinese economy headed north at a steady 6.4% tempo in the first quarter, thus confounding expectations for a further deceleration, as industrial output rallied and consumer demand demonstrated signs of improvement.
Some experts are assured that a recovering Chinese economy backs the German economy and in turn – the common currency.
Moreover, the everlasting ascend in bund gains amid 'risk on' appears to be a major factor backing the common currency.
Eventually, the 10-year German bund yield tacked on to a one-month peak of 0.10% overnight, in a steep rebound from a 2-1/2-year minimum of minus 0.094% at the end of the previous month.
In March, bund gains had gone down because fears about decelerating global surge gripped the broader market. Traders are currently watching European and Chinese economic data for clues that the world economy is performing better than initially anticipated.
Versus a group of six key counterparts, the USD index was intact, demonstrating an outcome of 97.051 having slumped by 0.05% yesterday.
The evergreen buck dived by 0.1% hitting 111.955 yen having hit a four-month maximum of 112.17 on Wednesday against the backdrop of a bounce in American Treasury gains to a one-month maximum.
As for the Canadian dollar, it was worth C$1.3351, having rebounded from a one-month maximum of C$1.3275 recorded on Wednesday.
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.
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.