Last week, there were sharp swings in USDJPY, a decline in oil prices, and a surge in Tesla stock. What's next?
Important US indicators will highlight this Friday
The United States will release the indicators of core durable goods orders and personal spending on September 27, at 15:30 MT time. The core durable goods orders represent the change in the total value of new purchase orders for durable goods, excluding transportation items. This time they are going to be released together with the indicator of personal spending, which is the change in the inflation-adjusted value of consumers’ expenditures. According to the forecasts, core durable goods orders will advance by 0.2%, while personal spending will increase by 0.3%.
• If the actual levels of indicators are higher than the forecasts, the USD will rise;
• If the actual levels of indicators are lower than the forecasts, the USD will fall.
Geopolitical factors and inflation remain the main drivers of financial markets. Let’s see how to use that in trading!
Last week was super intense! Geopolitical turbulence made the Russian ruble the most volatile currency. Gold rose and fell by more than 8000 points each time.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.