
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 Wednesday, the evergreen buck dived in Asia following a forecast win for a democrat nominee in a fierce US Senate race with probable implications for Trump's tax cuts.
The currency pair USD/JPY hit 113.19, sliding 0.32%, AUD/USD reached 0.7575, showing an outcome of 0.22%.
On Tuesday, democrat Doug Jones of Alabama managed to score an upset win in a fully Republican state, grasping the US Senate seat and driving a wedge in the Republican party and giving Democrats another burst of momentum prior to the 2018 midterm races.
The race was monitored by financial markets due to the anticipated impact on a razor-thin margin in the US Senate ahead of an approaching final vote on Trump's tax cut initiative.
A bit earlier, Japan informed that in October core machinery orders gained 5% versus a 2.8% jump observed on month.
Assessing the greenback’s value versus a trade-weighted basket of six important currencies, the US dollar index went down 0.18% being worth 93.89.
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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