
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.
Hello, dear traders! Hope you a having a great Friday and can’t wait for a weekend! Let’s see what news can influence the market now.
16:45 GMT+2, US Flash Services and Manufacturing PMI
The Federal Reserve and the European Central Bank dashed dovish hopes by saying that rates will rise longer until inflation returns to its targets. While this conflicted with market expectations for a lower peak rate and potential rate cuts in 2023, it also clouded the upside outlook.
Economists now see a 60 percent chance of a recession in the US and an 80 percent chance in Europe. Stock market analysts downgraded their 12-month revenue estimates to the lowest levels since March and July, respectively.
The most popular currency pair, EURUSD, is continuing its uptrend. However, after a long period of rising, the price will most likely drop slightly. If the price continues to grow, it may reach 1.0780 and head to 1.1000. In case of reversal, the price might drop to 1.0490.
Stay tuned with FBS and have a great day!
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…
The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
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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