
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 Thursday, the evergreen buck hit its highest value in nearly two weeks versus the Japanese yen, underpinned by this week's ascend in American bond yields, with the market's attention shifting to who’s going to head the Fed as well as this weekend's Japanese election.
Gauging the US currency’s strength versus a basket of six main rivals, the US dollar index slightly grew , showing 93.389.
The US currency grew to 113.095 yen during early Asian trade. That’s its strongest outcome since October 6.
This week's leap in American bond yields gave support to the greenback. Evidently, the two-year American Treasury yield grew to its highest value since November 2008 on the back of hopes for tighter global monetary policy.
On Wednesday, the benchmark American 10-year Treasury yield hit a one-week maximum of 2.352%, and it last traded at 2.342%, having ascended six basis points this 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.
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.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
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