The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
Yen declines on North Korea events and Japan politics eyed for snap polls
On Monday, the Japanese yen held weaker in Asia following reports that Prime Minister Shinzo Abe might call a snap election for October for the purpose of building on support for his handling of tough tensions with the isolated regime of North Korea.
The currency pair USD/JPY hit 111.20, jumping 0.34%, AUD/USD reached 0.8017, leaping 0.16%.
Additionally, on Sunday US Ambassador to the United Nations Nikki Haley told that the UN Security Council has already run out of options on taming North Korea's nuclear program and America might have to rely on the Pentagon in this case.
The U.S. dollar index, estimating the greenback’s value versus a trade-weighted basket of six crucial currencies, demonstrated 91.65.
China announced that house prices data for August went up 8.3% versus a 9.7% leap observed in July.
Overnight, the greenback declined versus a basket of key currencies following retail sales data, which suddenly undershot hopes in August. At the same time the British pound rallied to its highest value since June the previous year contributing to downside momentum in the US currency.
We prepared an outlook of major events of this week. Check it and be ready!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
Saudi Arabia agreed to cut oil production. What will happen with the oil price now?
The situation on the labor market still looks optimistic. Today we expect the Unemployment rate data. 3.5% is expected.
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.