
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 Monday, the common currency managed to scale five-month peaks against the greenback in early Asia trade after the key candidate swept to victory in the first round of the French presidential election, thus minimizing the risk of an anti-establishment shock of the final round.
A pro-EU ex-banker and ex-economy minister Centrist Emmanuel Macron, arose as the leader of the first round of voting, thus qualifying for a May 7 runoff along with Marine Le Pen, the second finisher, far-right leader.
In next month’s election his victory might make him the frontrunner. Undoubtedly, it marked a shocking defeat for the two center-right as well as center-left groupings, which have dominated French politics for up to 60 years.
The common currency soared 0.9%, hitting $1.0868, having ascended as high as $1.0940, its highest value since November 10. Against the Japanese yen, it grew 2.3% to 119.66, having touched a one-month peak of 120.935.
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.
The Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.
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.
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