2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
Friday News: The End of the Week
This week brought many events and fluctuations; however, it seems like ahead of the weekend many assets and currencies are stable and so far, nothing bodes bad.
US crude oil prices rose above $100 a barrel for the first time in four sessions amid mixed signals from peace talks between Russia and Ukraine.
The S&P 500 and Nasdaq rose 1.2% and 1.3%.
The euro remained flat at $1.1093 and gained 1.7% on the week.
The Australian dollar, which received an additional boost from Thursday's stellar employment data, hit a nearly two-week high of $0.74000.
The Bank of England also raised interest rates on Thursday, as expected, but turned dovish in its outlook amid worries that soaring commodities will hurt growth and demand. GBP briefly fell as traders turned less sure about future hikes.
Shares of GameStop (GME) - last year's favorite among investors - tumbled late after the retailer suffered a bigger-than-expected loss in the fourth quarter.
FedEx (FDX) shares also fell after the shipping giant released its quarterly earnings report on Thursday afternoon. This reflected lower-than-expected earnings as rising labor and shipping costs more than offset FedEx's higher prices for customers.
Have a great trading Friday and a relaxing weekend!
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.
Happy Monday, dear traders! Hope you had a great weekend and you’re ready for the last trading week in 2022! Later this week we’ll announce some exciting news for you, but now let’s look through some interesting news! Today’s events: USA, UK, Hong…
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.
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.