
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
On Friday, the evergreen buck stabilized in Asia even after data revealed a weaker-than-anticipated fourth quarter GDP data.
Estimating the purchasing value of the US dollar versus its primary peers the USD index shot up by about 0.1% reaching 96.773.
The Commerce Department informed on Thursday that American GDP tacked on at a 2.2% annualized rate during the October-December period. Market experts had hoped for a 2.4% leap.
The evergreen buck was little influenced by the publication of the data due to the fact that yesterday’s tumble in the British pound backed the US currency.
The dive in the UK currency occurred after the British legislative body didn’t manage to pass any bills, which were alternatives to Theresa May’s Brexit deal.
May intends to ask British lawmakers to vote on one part of her Brexit proposal, the Withdrawal Agreement, setting out the terms of Britain’s departure from the European bloc for the transition period.
The European bloc told it would only grant a Brexit delay until May 22 on the condition the British lawmakers have the deal approved. If they fail, Brexit is going to be postponed only until April 12.
Yesterday, Theresa May told that she would reside if her proposal is approved.
The currency pair GBP/USD jumped by 0.2% ending up with 1.3068.
Meanwhile, on the China-US trade front, White House economic adviser Larry Kudlow told that the current US presidential administration is ready to resume talks with China to finally come to a compromise. He added that America might lift some of the levies on China’s exports, but not all of them.
The currency pair USD/CNY slumped by 0.2% showing 6.7231.
The currency pair USD/JPY jumped by 0.1% trading at 110.76.
As for AUD/USD and NZD/USD, both pairs rallied by 0.1%.
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.
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
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