
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 struggled near a 13-month minimum versus a basket of key counterparts because American political turmoil dampened expectations for quick passage of Donald Trump's stimulus as well as tax reform agendas and the common currency extended revenues.
On Friday, the Trump administration, currently dogged by investigations into hypothetical Russian meddling in the American election, took a fresh hit after White House spokesman Sean Spicer shelved himself. That’s a hint at a sort of upheaval in the president's inner circle.
The US dollar index tracking the evergreen buck versus six major rivals, was nearly intact keeping to 93.887, having touched 93.823, its lowest outcome since June 2016.
On Friday, the benchmark 10-year American Treasury note yield reached a three-week minimum because a retreat on Wall Street drove safe-haven demand for debt.
The common currency stood still at $1.1668 having soared to a 23-month peak of $1.1684.
The evergreen buck slumped 0.15% reaching 110.970 yen, with the yen at its strongest value in five weeks.
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.
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.
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.
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