The oil prices have declined this week after the new Omicron strain was identified. What should we expect next from oil?
NFP effect and oil struggles on October 11
After mixed NFP results, the markets are looking calmer than usual. But some pairs draw out attention with unexpected movements. Anyway, the new trading plan is here and we've got ideas to share!
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?
The USD is strong after the comments of the Federal Reserve members. Gold is under the impact of contradictory factors. Watch the video to get trade ideas for EUR/USD, USD/JPY, XAU/USD, and XBR/USD!
On December the 3rd Canada reported a 6% unemployment rate, while the expectations were at a 6.6% level. Less than expected unemployment rate is always hawkish news for the national currency.
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.
US NFP missed the forecast, but traders await the release of the US inflation figures on Friday…