
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 Monday, the US currency was on solid footing after a bigger-than-expected soar in American jobs suggested the Fed would stick with its tightening plans for the rest of 2017.
American job surge soared more than expected in June, while employers added hours for workers, suggesting the major US bank could stick to its plan for its third interest rate lift this year and start reducing its balance sheet notwithstanding sluggish wage hikes and tepid inflation.
Versus the Japanese yen, the greenback soared 0.2% being worth 114.16, having notched a peak of 114.21, which is its loftiest level since May 11.
The dollar index, gauging the greenback versus a currency basket, didn’t change, keeping to 96.012.
On Friday, the Bank of Japan sought to keep Japanese government bond yields close to its policy objective, performing a special market operation and also lifting the size of its regular JGB purchase operations.
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.
The Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.
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.
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