
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 Tuesday, the evergreen buck reached a 1-1/2-month maximum because Treasury yields grew after a strong reading for American manufacturing activity hardened expectations for US interest rates to go up by the year-end.
The US dollar index gained 0.3% versus a basket of six crucial currencies, showing 93.847 having hit 93.891, which is its highest value since August 17.
The benchmark 10-year Treasury yield tacked on to 2.348% having briefly hit a three-month maximum of 2.371% overnight.
Debt yields along with equities grew - Wall Street stocks hit record peaks after a measure of American manufacturing activity for September published on Monday demonstrated a soar to a 13-1/2-year maximum.
The common currency slumped 0.2% being worth $1.1707 having brushed $1.1702, its weakest outcome since August 17.
The evergreen buck that initially dipped to 112.660 yen, gained 0.3% showing 113.080 yen. Apparently, a jump above 113.260 would take the US currency to its highest value since mid-July.
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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