
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 Friday, the evergreen buck rose moderately in early Asia trade, reacting to a suspected terrorist shooting in Paris ahead of the first round of the presidential election at the weekend, which sent jitters through the financial markets, although the common currency held revenues too.
One policeman was murdered and two suffered injuries after a gunman suddenly opened fire in central Paris, Thursday night.
The shooting occurred just before voters head to the polls in an extremely contested presidential race, including centrist Emmanuel Macron as well as far-right candidate Marine Le Pen, who lead the pack.
The US dollar index, estimating the greenback’s value against a trade-weighted basket of six main currencies, jumped 0.01%, getting to 99.72.
The currency pair USD/JPY hit 109.34, edging up 0.03%, while AUD/USD reached 0.7515, tumbling 0.15%. As for the currency pair EUR/USD, it was last quoted up 0.03%, being worth 1.0717.
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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