
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 Thursday, the evergreen buck tacked on versus the Japanese yen after comments by China's foreign exchange regulator tamed worried that China might reduce its buying of American government bonds.
The US currency rallied 0.2% hitting 111.70 yen, drifting away from a six-week minimum of 111.27 yen on Wednesday.
China's foreign exchange regulator told that a recent report that China was actually considering slowing down or even ceasing its purchases of American Treasury bonds could be based on rumors.
Meanwhile, American 10-year Treasury yields rallied to 10-month maximums and the evergreen buck headed south after the report was released.
Following the regulator's comments on Thursday the evergreen buck and American Treasuries managed to obtain some buying support.
Versus a basket of six key currencies, the evergreen buck tacked on 0.1% reaching 92.396, having dived to 91.922 on Wednesday.
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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