The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
Japan’s exports flourish in November
In November, Japanese exports accelerated abruptly, pointing to ascending momentum in the world's number three economy. However, inflation was still low, off the BOJ’s 2% objective.
The combination of firm surge as well as benign consumer prices mean that Japan’s major financial institution will lag other key banks in ceasing crisis-era monetary stimulus. Many market experts hope BOJ Governor Haruhiko Kuroda would keep the liquidity tap open enough at a gathering later this week.
Monday’s BOJ poll disclosed that companies' inflation hopes grew merely in December versus three months ago notwithstanding a tight labor market and also business confidence at over a decade maximum.
According to separate data from the Ministry of Finance, in the year to November the country’s exports ascended 16.2%, surpassing a 14.6% revenue anticipated by experts in a Reuters survey and speeding up from the previous month's 14% soar, led by growing sales to China as well as other Asian countries.
Happy Monday, dear traders! Hope you had a great weekend and you’re ready for the last trading week in 2022! Later this week we’ll announce some exciting news for you, but now let’s look through some interesting news! Today’s events: USA, UK, Hong…
On the H4 timeframe, the US dollar index has formed a bullish falling wedge. At the beginning of the trading session, the price is testing the upper border of this wedge. Thus, in case of a higher-than-expected Core PCE Price Index m/m, the US dollar will skyrocket against other currencies.
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…