
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.
Happy Monday, dear traders! We hope that you’re ready for this new trading week! Let’s see what has happened lately.
Activision Blizzard earnings report
The US Bureau of Labor Statistics reported strong gains in hiring and wages in October despite rising unemployment. It created a mixed picture as Federal Reserve officials, debating how long their campaign to curb higher inflation will continue.
The number of non-farm payrolls increased by 261,000 last month after being revised up to 315,000 in September. The unemployment rate rose 0.2 percentage points to 3.7%, more than forecast as participation declined. The average hourly wage increased in October compared to the previous month.
The report says demand for workers remains robust despite rapidly rising interest rates and a bleak economic outlook. Layoffs, although on the rise, are still historically low, and competition to fill millions of vacant positions has led to wages rising rapidly.
The USD dropped after the release. The US Dollar index has lost almost 2400 points and still is staying at the lower level.
Have an amazing day!
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.
Credit Suisse's collapse is in focus. What are the consequences of this problem? Let's discuss it here.
Consumer Price Index, Existing Home Sales, US Fed rate decision - all of these things we will discuss in our new review. Don't miss it out!
The RBA and the Bank of Canada will add volatility to the AUD and the CAD, while USD is expected to be boosted by the Non-farm payrolls.
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