
US stock markets started falling, while the US dollar is rising. What to expect from
The USA will publish Chicago PMI on December 30, at 16:45 MT time.
Instruments to trade: EUR/USD, USD/JPY, GBP/USD
Chicago is a big business center in the USA, therefore the data from there tend to reflect the country's overall economic trend. Just like a regular PMI, this one represents a survey of around 200 purchasing managers, which asks them to rate the level of business conditions. If the indicator is above 50, the situation is improving. On the other hand, the indicator below 50 signals worsening business conditions. As there are not so many events in the economic calendar these days, the release may result in volatility of the US dollar.
US stock markets started falling, while the US dollar is rising. What to expect from
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In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!