
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 was keeping to four-month minimums versus other key currencies because Thursday's dismal American economic reports still put pressure on the US currency and market participants closely watched the publication of major US retail sales as well as inflation data due later in the day.
The greenback was pressured after on Thursday the US Department of Labor reported that initial jobless claims tacked on to 261,000 the previous week versus hopes for a sag to 246,000.
The previous month a separate report disclosed that the producer price index dived 0.1%, thus ruining hopes for a 0.2% soar.
The American currency had gained ground right after China’s foreign exchange regulator told that a report about Beijing slowing or even stopping its American bond purchasing might be built around erroneous information.
The euro gained, with EUR/USD adding 0.17% hitting 1.2052, GBP/USD stood still at 1.3547.
The Japanese yen was intact, with USD/JPY being worth 111.31.
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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