
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
Something you should definitely know. George Soros warns about another financial crisis. According to the legendary billionaire, rising anti-European Union sentiment, the disruption to the Iran deal, a soaring dollar and investors taking money out of emerging markets are adding up to bad news for the global economy.
The weakening dollar let other currencies to rebound.
Yesterday the pair couldn’t break the support at 108.20 (50-day and 100-day MA), so it rebounded. However, up to now, the pair is coming back to this level again. The pair tested the support at 108.50 (38.2 Fibo level). If it is able to close below it, 108.20 will be an aim again. Otherwise, the rise to 109.80 can be anticipated.
That is all for today. Follow markets news with us!
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
The volatility that the markets experienced last week promises the second tidal wave! What should your favorite assets anticipate during the first week of February?
The US will reveal Non-farm payrolls on January 7, Friday, at 15:30 GMT+2 (MetaTrader time).
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
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