
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 Tuesday, the US currency inched down moderately in Asia, though maintained most of the revenues it made on the previous week's sturdy employment data, which drove hopes that the key US financial institution could still lift interest rates in 2017.
Monitoring the greenback’s value versus a basket of six major counterparts, the dollar index slid 0.1% being worth 93.325.
It stood above the previous week's 15-month minimum of 92.548, although it remained quite shy of Friday's post-jobs data maximum of 93.774 because market participants pondered over the timing of the Fed’s next tightening steps.
American producer prices for July due on Thursday along with consumer price index figures on Friday are going to provide traders with a clue regarding the extent to which the ascending labor market’s actually spilling over into inflation.
The greenback declined 0.1% getting to 110.64 yen. The US currency lost some ground versus the euro that acquired 0.1% being worth $1.1809.
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.
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.
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