
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 Thursday, the US currency stabilized versus its rivals after the Fed’s policy gathering minutes took the wind out of its advance. Financial markets were waiting for comments by major bankers and also American economic reports for further clues.
The US dollar index versus major currencies didn’t change, keeping to 96.275, having sunk from Wednesday’s one-week peak of 96.512.
The evergreen buck had ascended earlier in the week after positive American economic indicators brought Treasury yields to multi-week peaks. The soar actually helped the US dollar index to move away from a nine-month sag of 95.470 hit the previous week as traders increased expectations for EU key banks to start scaling back monetary stimulus later in 2017.
However, the greenback’s growth stalled due to the Fed's minutes on its June 13-14 policy gathering issued on Wednesday. It demonstrated a rift among policymakers over the pace of future American rate hikes and also upset some dollar bulls.
The greenback stuck to 113.240 yen, drifting away from a seven-week peak of 113.690 hit overnight.
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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