ONLINE FOREX BROKER
On Tuesday, the yellow metal went down in Asia against the backdrop of more positive developments in the China-US trade negotiations.
Eventually, June delivery gold futures dived by 0.2% on the Comex exchange coming up with a reading of $1,288.15 per ounce.
On Monday, American Treasury Secretary Steven Mnuchin told that China and America might be very close to the final phase of their trade talks.
In fact, the two leading economies have already agreed on an enforcement mechanism to have any trade agreement agreed by them in the future policed, as follows from reports the previous week.
Besides this, America and Japan kicked off the first round of trade talks on Monday in Washington.
Last September, Japan Prime Minister Shinzo Abe and American leader Donald Trump agreed to hold trade negotiations in an arrangement protecting Japanese car makers from further levies.
Earlier, American leader has made clear he’s absolutely unhappy with Japan’s $68 billion trade surplus with his country.
By the way, recent positive economic data also spurred risk sentiment. In addition to this, China posted better-than-anticipated credit as well as export figures the previous week, while jobs data from America revealed that the number of US citizens who filed applications for unemployment benefits went down to a 49-1/2-year minimum.
In the United Kingdom, Brexit headlines are anticipated to quiet down over the coming week with the country’s legislative body on holiday until April 23.
Great Britain had originally been due to depart from the European bloc on March 29, although the deadline has since been extended several times.
This week started with the talk of the United States banning Russian oil exports, so XBR/USD saw $130 a barrel. Then the ban became reality. What does it really mean for the market?
For a long time, traders considered American Non-farm Payrolls (NFP) the most important release in the market. However, the situation has changed. Now US CPI moves financial markets.
United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on November 5, 14:30 GMT+2.
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.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
