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.
Trading plan for January 11
Trade ideas for January 11.
Friday will bring important economic data for the British pound and the US dollar.
Cautious tone of the Fed pulled the USD down. However, encouraging economic figures may support the US dollar. Brexit keeps putting pressure on the GBP. As a result, the currency needs support from the economic releases.
Get clues on moves of EUR/USD and GBP/USD on January 11.
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?
It seems like most of the assets have joined Black Friday's sell-off with global indices, risky currencies, and commodities going down.
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.