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.
Stronger USD, weaker stocks / Trade ideas for August 19
Yesterday in the FOMC Meeting Minutes, the Fed indicated the readiness for tapering before the end of the year. The USD strengthened against other assets, while the stocks plunged. Find out more details in today's daily trading plan!
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.
The oil prices have declined this week after the new Omicron strain was identified. What should we expect next from oil?
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.