Will the UK and US Cope with Inflation?
Every week we expect many interesting events that can shake the market.
What is the world up to? Friday News
The world is in anticipation of news that could critically affect currency pairs and commodities.
Stocks fell on Friday, along with futures for European and US stocks, while safe-haven assets, including sovereign bonds, rose as investors reacted to the attack by Russian troops on a major nuclear power plant in Ukraine.
The Asian stock index fell to its lowest level since 2020 under pressure from Japan and Hong Kong. Nikkei225 fell 2.23%. The resistance is 27000 and the support is 25770.
The growth of XAUUSD slowed down, while EURUSD declined and approached 1.1000. XBRUSD was around $110 a barrel, reducing the jump by as much as 4.8%.
Chairman Jerome Powell confirmed on Thursday that the Federal Reserve intends to launch a series of interest rate hikes to curb inflation, while indicating that it will act prudently and keep a close eye on inflation risks.
Traders are also evaluating the outlook for monetary policy and expecting a solid reading of the American key employment indicator.
Don’t miss: 15:30 MT USD NFP and Unemployment rate!
Happy Trading Day!
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