
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
On Monday, the evergreen dollar drifted away from a nine-month minimum versus a basket of major currencies, though remained quite shaky as signs that major banks in the EU were moving away from accommodative monetary policies kept the common currency and sterling backed.
The dollar index versus a group of six crucial currencies surged 0.1%, showing 95.729, crawling away from a nine-month dip of 95.470 hit on Friday.
The US dollar struggled the previous week because hawkish comments from key bankers powered hopes that the ECB, BoE and Bank of Canada would get down to tighter monetary policies.
The greenback gained 0.1%, trading at 112.435 yen, having dipped to 111.900 earlier before rapidly rebounding.
The currency market is currently paying more attention to monetary policy changes in the EU and other regions. The fact that the BoE and BOC are rushing to stabilize their monetary policies turned to be a big surprise the previous week.
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
Now traders follow the economic events with new vision as inflation in the US seems like decreasing. Let’s see what releases will influence the market due to that factor.
The week will have the biggest event in the US political process over the last two years. How will the elections affect the Forex market? We covered the most important news of this week in this report.
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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