
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 evergreen buck started the month on a high note, backed by higher American yields, while the common currency was pressured because market participants closely watched the aftermath of a recent independence vote in Catalonia, Spain.
The dollar index, gauging the US dollar versus a basket of six key currencies, gained 0.3% being worth 93.323.
Higher American Treasury yields bolstered the US currency. The 10-year American Treasuries yield went up to 2.360% in Asian trade versus Friday's close of 2.326%.
On Monday, liquidity was relatively thin, with South Korea, India, China and Hong Kong markets unavailable for public holidays. Trade was light in Australia, with Sydney unavailable for a holiday. Meanwhile, Melbourne was still open.
The common currency tumbled 0.3% being worth $1.1776 because market participants nervously monitored the situation in Spain. In this European country police used batons as well as rubber bullets to suppress the Catalan vote on Sunday, leaving hundreds injured.
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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