For a long time, traders considered American Non-farm Payrolls (NFP) the most important release in the market. However, the situation has changed. Now US CPI moves financial markets.
AUD, gold, USD/CHF & oil / Trade ideas for August 3
AUD/USD jumped after the meeting of the Reserve Bank of Australia. Oil (XBR/USD) took a blow on concerns about China. USD/CHF offers an idea and EUR/USD is still able to reach a specific level on the upside. Watch the daily trading plan with Liza Belugina to know more!
The oil prices have declined this week after the new Omicron strain was identified. What should we expect next from oil?
The higher prices seen today are generally related to the pandemic, that’s no doubt. US consumer prices jumped in October at the fastest pace in three decades putting the Biden administration on the defensive and increasing prospects that the Federal Reserve will raise interest rates next year. Jerome Powell says Fed will discuss speeding up bond-buying taper at the December meeting. What does it mean for markets?
After last week's CPI turned the markets upside down, we are looking at the performance of the US dollar…
The release of the US CPI on Wednesday will determine whether US500 continues its advance or reverses down. Tensions between the US and China boosted the demand for gold, but will it persist?
A lot of exciting events are happening this week, including nonfarm payrolls, BOE and RBA rate hikes, and earnings season.