What Can Rule the Roost in January 2023?
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
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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The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
Apple is Under Pressure
Happy Monday, dear traders! Hope you had a great weekend and you’re ready for the last trading week in 2022! Later this week we’ll announce some exciting news for you, but now let’s look through some interesting news! Today’s events: USA, UK, Hong…
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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?
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.
Investor Positivity May Fade After Powell's Speech and CPI Release
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.
