The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
Greenback is backed by US data tonic
On Wednesday, the evergreen buck hoarded hefty revenues after sturdy American retail data put a Federal Reserve rate lift back on the agenda. Meanwhile, Asian equities grew because tensions in the Korean peninsula relived a bit.
The break in North Korean threat as well as counter-threat turned to be enough for South Korean equities KS11 to gain 0.5%, although they were still short of a record maximum hit the previous month.
MSCI's broadest index of Asia-Pacific stocks tacked on 0.1%, Japan's Nikkei N225 was intact.
On Tuesday, the Dow had concluded with a 0.02% leap. The S&P 500 sank 0.05% and the Nasdaq went down 0.11%.
The US currency rallied to its highest value versus a basket of key currencies for three weeks and it was last keeping to 93.849.
The common currency sank to $1.1736, although it had gained firm support around $l.1686 overnight.
The British pound tumbled too after UK inflation numbers were below forecast, thus breaching major support levels against both the common currency and greenback. The pound last hit $1.2863, having lost 1.1% during the previous session.
We prepared an outlook of major events of this week. Check it and be ready!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!