US Inflation Rate, Apple's Event, and More News

US Inflation Rate, Apple's Event, and More News

The US will reveal its Inflation Rate, while Apple will launch iPhone 13 today. How will the markets react? Let’s find out.

  • The key event of the week for traders is the US Inflation Rate. If the actual inflation numbers are higher than the forecasts, it may signal that the Fed will tighten the policy sooner than expected: cut bond buys or hike rates. The anticipation of this tightening may push the USD up. This event may hugely affect EUR/USD and XAU/USD.

Check economic calendar

1.png

  • Apple will hold its most significant event of the year: the launch of the new version of the iPhone. It will be at 20:00 GMT+3 (MetaTrader time). The stock of Apple has dropped ahead of this event after news of a court with Epic Games. Apple is required to offer alternatives other than the App Store for making in-app buys. Now, App Store generates nearly 7% of total revenue, while this rule may cost the company 2% or 4% of its revenue. Apple is trading near $150 now, and it’s really interesting whether the Apple event would be able to push the stock up.
  • AUD/USD has sharply dropped after the Reserve Bank of Australia Governor Phillip Lowe said that interest rates are unlikely to rise before 2024 because of the slow wage growth.
  • A rumor about the partnership between Walmart and Litecoin sent prices of all cryptocurrencies higher, especially after Litecoin seemed to confirm it. Walmart denied these rumors, which push crypto back down.
  • Crude Oil has been rising due to the Hurricane Nicholas going through the Gulf of Mexico, threatening to disrupt oil output.

Tech analysis

A hammer has occurred in the EUR/USD chart, which signals the reverse up. Besides, there is a 50-day moving average at 1.1800 just below the current price, which supports the pair. Thus, the pair is likely to rise to the recent high of 1.1850. If it breaks above this resistance level, it may jump to the high of September 3 at 1.1880. On the flip side, if it breaks below the support level of 1.1800, it may fall to the next support level of 1.1750. The US inflation report will significantly affect EUR/USD.

EURUSDDaily.png

AUD/USD has been pressed by the speech of the RBA’s Governor. There is the support line at the 23.6% Fibo level of 0.7320. The pair may struggle to cross it and even reverse up back above the 50-day moving average of 0.7365. If AUD/USD manages to break below 0.7320, it may fall to the low of late August at 0.7285.

AUDUSDDaily.png

TRADE NOW

Similar

Market Crash Incoming?
Market Crash Incoming?

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.

What Currency Will Overperform?
What Currency Will Overperform?

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.

Latest news

Crucial News For The Following Week
Crucial News For The Following Week

Consumer Price Index, Existing Home Sales, US Fed rate decision - all of these things we will discuss in our new review. Don't miss it out!

Focus on Banks' Meeting and NFP
Focus on Banks' Meeting and NFP

The RBA and the Bank of Canada will add volatility to the AUD and the CAD, while USD is expected to be boosted by the Non-farm payrolls.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera