The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
Greenback outlook: January 2 - 5
On Friday, the evergreen buck sagged to its lowest value for more than three months versus a basket of the other key currencies on the final market day of 2017, and reported its largest annual percentage dive since 2003.
Measuring the greenback’s value versus a trade-weighted basket of six key currencies, the US dollar index edged down to 91.83, which is the weakest reading since September 22.
For the year, the index has lost 9.8%, which is the biggest annual percentage sag since 2003.
The index actually started 2017 at a 14-year maximum, underpinned by expectations for Donald Trump’s pro-surge economic agenda. However, barring a sweeping tax overhaul enacted the previous week, the Trump administration has struggled to have legislation passed.
The evergreen buck also lagged notwithstanding the Federal Reserve’s rate lifts amid increased investor hopes for other key financial institutions to reduce their stimulus.
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.
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.
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!