#TradingEvents #FinancialNews #GBPUSD #FOMC #BankOfEngland #InterestRates #Dollar #Unemployment #PMI #TreasuryBonds #Trading #Forex
📅 Events of the Day:
1. 12:30 Moscow Time - UK: PMI Index for the Services Sector.
2. 16:30 Moscow Time - USA: Initial Jobless Claims.
💷 GBPUSD: The FOMC meeting minutes from December 12-13 provided no hints about when the Federal Reserve's rate-cutting cycle might begin, supporting the dollar. Pessimistic assessments of the UK business leaders stimulate the Bank of England towards potential rate cuts. Trader expectations include around a 140 basis points reduction in rates by 2024. Dollar strengthening acts as an obstacle to the rise of GBPUSD.
📉 TechnicalAnalysis: It's preferable to remain cautious due to the mixed fundamental background. Traders are noting the retreat from the five-month peak around 1.2825-1.2830.
🔍 Analytics: Ahead of the release of the monthly US Non-Farm Payrolls (NFP) report, investors prefer to observe Thursday's economic indicators, including PMI for the UK and the US, as well as the ADP employment report for the US private sector.
📈 TradingRecommendation: When the level reaches 1.2682, it is recommended to open long positions. The Take Profit level is set at 1.2700.
📊 AdditionalInformation: More analytics is available on the [FreshForex](https://freshforex.org/analitics/fresh-forecast/?ff_mrk=analytics&utm_source=rssfeed&utm_medium=rss&utm_campaign=rssfun&ff_mrk=rss) website. #Trading #Forex #MarketAnalysis
📅 Events of the Day:
1. 12:30 Moscow Time - UK: PMI Index for the Services Sector.
2. 16:30 Moscow Time - USA: Initial Jobless Claims.
💷 GBPUSD: The FOMC meeting minutes from December 12-13 provided no hints about when the Federal Reserve's rate-cutting cycle might begin, supporting the dollar. Pessimistic assessments of the UK business leaders stimulate the Bank of England towards potential rate cuts. Trader expectations include around a 140 basis points reduction in rates by 2024. Dollar strengthening acts as an obstacle to the rise of GBPUSD.
📉 TechnicalAnalysis: It's preferable to remain cautious due to the mixed fundamental background. Traders are noting the retreat from the five-month peak around 1.2825-1.2830.
🔍 Analytics: Ahead of the release of the monthly US Non-Farm Payrolls (NFP) report, investors prefer to observe Thursday's economic indicators, including PMI for the UK and the US, as well as the ADP employment report for the US private sector.
📈 TradingRecommendation: When the level reaches 1.2682, it is recommended to open long positions. The Take Profit level is set at 1.2700.
📊 AdditionalInformation: More analytics is available on the [FreshForex](https://freshforex.org/analitics/fresh-forecast/?ff_mrk=analytics&utm_source=rssfeed&utm_medium=rss&utm_campaign=rssfun&ff_mrk=rss) website. #Trading #Forex #MarketAnalysis
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Financial News: Anticipated CPI and Unemployment Data in the U.S. on January 11, 2024
Tomorrow, January 11, 2024, at 16:30 Moscow time, investors will be closely watching the release of crucial data from the U.S., which could impact financial markets.
Consumer Price Index (CPI):
According to forecasts, in December, the month-on-month CPI is expected to increase by 0.3%, matching the previous month. The annual CPI growth is projected to reach 3.2%, exceeding the previous reading of 3.1%. These figures may significantly influence currency pairs, including EUR/USD and USD/JPY, potentially strengthening the U.S. dollar.
Unemployment:
Also at 16:30, data on the number of initial claims for unemployment benefits will be published. The estimated number of claims is 210,000, compared to the previous figure of 202,000. This data can impact stock markets and shares of companies, particularly in the employment-sensitive sectors. Investors may keep an eye on indices such as the S&P 500, Dow Jones, and Nasdaq.
Potential Impact on Instruments:
If the forecasts are confirmed, a strengthening of the U.S. dollar is expected. Investors considering currency transactions may monitor changes in the currency market. Shares of companies, especially those sensitive to changes in employment, may also react to the unemployment data.
#CPI #Dollar #Unemployment #FinancialMarkets #EconomicData
Tomorrow, January 11, 2024, at 16:30 Moscow time, investors will be closely watching the release of crucial data from the U.S., which could impact financial markets.
Consumer Price Index (CPI):
According to forecasts, in December, the month-on-month CPI is expected to increase by 0.3%, matching the previous month. The annual CPI growth is projected to reach 3.2%, exceeding the previous reading of 3.1%. These figures may significantly influence currency pairs, including EUR/USD and USD/JPY, potentially strengthening the U.S. dollar.
Unemployment:
Also at 16:30, data on the number of initial claims for unemployment benefits will be published. The estimated number of claims is 210,000, compared to the previous figure of 202,000. This data can impact stock markets and shares of companies, particularly in the employment-sensitive sectors. Investors may keep an eye on indices such as the S&P 500, Dow Jones, and Nasdaq.
Potential Impact on Instruments:
If the forecasts are confirmed, a strengthening of the U.S. dollar is expected. Investors considering currency transactions may monitor changes in the currency market. Shares of companies, especially those sensitive to changes in employment, may also react to the unemployment data.
#CPI #Dollar #Unemployment #FinancialMarkets #EconomicData
Important Events Today:
1. At 16:30 Moscow time - U.S. Producer Price Index.
2. At 18:00 Moscow time - FOMC Member Neel Kashkari's speech.
The EURUSD pair maintains a positive trend despite a renewed demand for the U.S. Dollar in the early Asian session on Friday. The pair's growth is supported by a risky environment ahead of key U.S. data releases. At the time of publication, the EUR/USD pair is trading at the level of 1.0977.
On January 11, the U.S. Department of Labor reported that initial claims for unemployment benefits for the week ending January 6 reached the lowest level since mid-October, decreasing by 1,000 to 202,000 from the revised previous week's figure of 203,000. The Consumer Price Index (CPI) in the U.S. for December increased by 3.4% compared to the previous value of 3.1%, surpassing the market consensus forecast of 3.2%. The core CPI, excluding volatile food and energy prices, rose by 3.9% YoY in December, exceeding expectations of 3.8%.
Christine Lagarde, President of the European Central Bank (ECB), stated on Thursday that interest rates would be lowered if the ECB is confident that inflation will decrease to the 2% level. Lagarde added that interest rates in the eurozone have peaked after a rapid rise in response to high inflation last year. Traders anticipate at least five rate cuts in 2024, with the first move expected in March or April.
Today, the U.S. Producer Price Index (PPI) is set to be published, with forecasts indicating a 1.3% growth compared to the same period last year in December. Trading recommendation: Buy from the current price level. For more in-depth analytical reviews, you can visit the FreshForex website.
#FinancialEvents #EURUSD #Indices #Dollar #Inflation #Rates #ECB #TradingRecommendation #ProducerPriceIndex #FreshForex #Analytics
1. At 16:30 Moscow time - U.S. Producer Price Index.
2. At 18:00 Moscow time - FOMC Member Neel Kashkari's speech.
The EURUSD pair maintains a positive trend despite a renewed demand for the U.S. Dollar in the early Asian session on Friday. The pair's growth is supported by a risky environment ahead of key U.S. data releases. At the time of publication, the EUR/USD pair is trading at the level of 1.0977.
On January 11, the U.S. Department of Labor reported that initial claims for unemployment benefits for the week ending January 6 reached the lowest level since mid-October, decreasing by 1,000 to 202,000 from the revised previous week's figure of 203,000. The Consumer Price Index (CPI) in the U.S. for December increased by 3.4% compared to the previous value of 3.1%, surpassing the market consensus forecast of 3.2%. The core CPI, excluding volatile food and energy prices, rose by 3.9% YoY in December, exceeding expectations of 3.8%.
Christine Lagarde, President of the European Central Bank (ECB), stated on Thursday that interest rates would be lowered if the ECB is confident that inflation will decrease to the 2% level. Lagarde added that interest rates in the eurozone have peaked after a rapid rise in response to high inflation last year. Traders anticipate at least five rate cuts in 2024, with the first move expected in March or April.
Today, the U.S. Producer Price Index (PPI) is set to be published, with forecasts indicating a 1.3% growth compared to the same period last year in December. Trading recommendation: Buy from the current price level. For more in-depth analytical reviews, you can visit the FreshForex website.
#FinancialEvents #EURUSD #Indices #Dollar #Inflation #Rates #ECB #TradingRecommendation #ProducerPriceIndex #FreshForex #Analytics
EURUSD: 1.0815, Downward Trend Continues
The EURUSD fell during the Asian session on Wednesday, dropping to the 1.0815 area, which is within striking distance of the lowest level since December 13, reached earlier this week.
The main factors weighing on the euro are:
The JOLTS report released on Tuesday showed that the number of job openings in the United States unexpectedly rose to 9.02 million in December, suggesting that the labor market is too strong for the Federal Reserve (Fed) to begin cutting interest rates in the first quarter.
Geopolitical risks, driven by conflicts in the Middle East and economic problems in China.
However, the recent decline in U.S. Treasury yields could keep dollar bulls from aggressive bets ahead of the Fed's highly anticipated monetary policy decision, which is scheduled to be released today. Additionally, uncertainty over when the European Central Bank (ECB) will begin cutting interest rates could be a tailwind for the common currency.
Trading recommendation: Sell orders at the 1.0800 level.
#EURUSD #Fed #FedRateHike #euro #dollar #laborMarket #geopoliticalRisks
The EURUSD fell during the Asian session on Wednesday, dropping to the 1.0815 area, which is within striking distance of the lowest level since December 13, reached earlier this week.
The main factors weighing on the euro are:
The JOLTS report released on Tuesday showed that the number of job openings in the United States unexpectedly rose to 9.02 million in December, suggesting that the labor market is too strong for the Federal Reserve (Fed) to begin cutting interest rates in the first quarter.
Geopolitical risks, driven by conflicts in the Middle East and economic problems in China.
However, the recent decline in U.S. Treasury yields could keep dollar bulls from aggressive bets ahead of the Fed's highly anticipated monetary policy decision, which is scheduled to be released today. Additionally, uncertainty over when the European Central Bank (ECB) will begin cutting interest rates could be a tailwind for the common currency.
Trading recommendation: Sell orders at the 1.0800 level.
#EURUSD #Fed #FedRateHike #euro #dollar #laborMarket #geopoliticalRisks
GBPUSD: 1.2680, Downward Trend Continues
GBPUSD continued to lose ground for a second session in a row on Wednesday, falling to 1.2680 in the Asian session.
The main factors weighing on the pound are:
Risk-off sentiment is pushing investors towards the U.S. dollar (USD), which in turn is undermining the GBP/USD pair.
U.S. President Joe Biden said that after the deadly drone strike on U.S. troops in the border area between Jordan and Syria, the United States will respond to the specific situation in accordance with a multi-pronged approach.
However, the decline in U.S. Treasury yields could keep dollar bulls from aggressive bets ahead of the Fed's highly anticipated monetary policy decision, which is scheduled to be released today. Additionally, uncertainty over when the Bank of England (BoE) will begin cutting interest rates could be a tailwind for the British currency.
Trading recommendation: Sell orders from the current price level.
#GBPUSD #Fed #FedRateCut #pound #dollar #risk #geopoliticalRisks
GBPUSD continued to lose ground for a second session in a row on Wednesday, falling to 1.2680 in the Asian session.
The main factors weighing on the pound are:
Risk-off sentiment is pushing investors towards the U.S. dollar (USD), which in turn is undermining the GBP/USD pair.
U.S. President Joe Biden said that after the deadly drone strike on U.S. troops in the border area between Jordan and Syria, the United States will respond to the specific situation in accordance with a multi-pronged approach.
However, the decline in U.S. Treasury yields could keep dollar bulls from aggressive bets ahead of the Fed's highly anticipated monetary policy decision, which is scheduled to be released today. Additionally, uncertainty over when the Bank of England (BoE) will begin cutting interest rates could be a tailwind for the British currency.
Trading recommendation: Sell orders from the current price level.
#GBPUSD #Fed #FedRateCut #pound #dollar #risk #geopoliticalRisks
USDJPY: 148.00, Recovery Continues
The Japanese yen (JPY) is recovering its positive momentum on the Asian session on Wednesday, trading near its weekly high against its American counterpart, reached earlier this week.
The main factors supporting the yen are:
Concerns that the deepening conflict in the Middle East could trigger a wider war in the region.
Disappointing macroeconomic data from Japan.
The decline in U.S. Treasury yields.
The U.S. dollar (USD), on the other hand, remains in its usual range amid uncertainty over when the Federal Reserve (Fed) will begin cutting interest rates.
Trading recommendation: Consider buying at levels above 148.30.
#USDJPY #Fed #FedRateCut #dollar #yen #risk #geopoliticalRisks
The Japanese yen (JPY) is recovering its positive momentum on the Asian session on Wednesday, trading near its weekly high against its American counterpart, reached earlier this week.
The main factors supporting the yen are:
Concerns that the deepening conflict in the Middle East could trigger a wider war in the region.
Disappointing macroeconomic data from Japan.
The decline in U.S. Treasury yields.
The U.S. dollar (USD), on the other hand, remains in its usual range amid uncertainty over when the Federal Reserve (Fed) will begin cutting interest rates.
Trading recommendation: Consider buying at levels above 148.30.
#USDJPY #Fed #FedRateCut #dollar #yen #risk #geopoliticalRisks
Gold Poised to End January Lower as Investors Await FOMC Decision
Price:
2033.56 USD
-5.55 (-0.27%)
Market:
Open
Neutral
Technical Analysis:
Neutral
Factors:
FOMC: Investors have scaled back bets on an early rate cut and are awaiting the Fed's decision on February 1st.
Dollar: The DXY dollar index is on track for its best monthly performance since September.
US Economy: Signs of a resilient US economy are raising the likelihood that the Fed will hold rates steady in the near future.
Other Metals:
Palladium: +0.37% to $979.79 an ounce
Silver: -0.3% to $23.09 an ounce
Platinum: -0.17% to $919.39
#gold #fomc #dollar #investment #decline #economy #us #palladium #silver #platinum
Additional Information:
The Federal Open Market Committee (FOMC) is the policymaking body of the Federal Reserve System.
The FOMC meets eight times per year to discuss monetary policy and set interest rates.
The FOMC's decision on February 1st will be closely watched by investors for clues about the future direction of interest rates.
The US dollar is a safe-haven currency that tends to appreciate in value during times of economic uncertainty.
The strength of the US dollar can make gold more expensive for investors who hold other currencies.
The US economy is the world's largest economy and a major driver of global growth.
A strong US economy can boost demand for gold, as investors seek to protect their wealth from inflation.
Disclaimer:
This information is provided for general knowledge purposes only and should not be considered as investment advice. Please consult with a qualified financial advisor before making any investment decisions.
Price:
2033.56 USD
-5.55 (-0.27%)
Market:
Open
Neutral
Technical Analysis:
Neutral
Factors:
FOMC: Investors have scaled back bets on an early rate cut and are awaiting the Fed's decision on February 1st.
Dollar: The DXY dollar index is on track for its best monthly performance since September.
US Economy: Signs of a resilient US economy are raising the likelihood that the Fed will hold rates steady in the near future.
Other Metals:
Palladium: +0.37% to $979.79 an ounce
Silver: -0.3% to $23.09 an ounce
Platinum: -0.17% to $919.39
#gold #fomc #dollar #investment #decline #economy #us #palladium #silver #platinum
Additional Information:
The Federal Open Market Committee (FOMC) is the policymaking body of the Federal Reserve System.
The FOMC meets eight times per year to discuss monetary policy and set interest rates.
The FOMC's decision on February 1st will be closely watched by investors for clues about the future direction of interest rates.
The US dollar is a safe-haven currency that tends to appreciate in value during times of economic uncertainty.
The strength of the US dollar can make gold more expensive for investors who hold other currencies.
The US economy is the world's largest economy and a major driver of global growth.
A strong US economy can boost demand for gold, as investors seek to protect their wealth from inflation.
Disclaimer:
This information is provided for general knowledge purposes only and should not be considered as investment advice. Please consult with a qualified financial advisor before making any investment decisions.
"US Dollar in Focus: Impact of Federal Reserve Chairman's Statements on the Market"
Today's statement by Federal Reserve Chairman Jerome Powell has become a key event in the currency market. In his remarks, he noted that a rate cut in March is too early and expressed doubts that inflation will sustainably return to the 2% level by that time. However, Powell did not rule out the possibility of rate cuts later this year, leaving the door open for a spring easing.
In light of positive data from the US Bureau of Labor Statistics published on Friday, showing an increase in employment and a rise in average wages, the US Dollar (DXY) continues to strengthen. These factors put pressure on the EUR/USD pair, which is trading around 1.0770 in the early Asian session.
Trading Recommendation: It is recommended to place a buy order for EUR/USD from the price level of 1.0800. Sales may be relevant if the price level drops below 1.0750.
#Fed #Dollar #Euro #Trading #Finance #ForexMarket
Today's statement by Federal Reserve Chairman Jerome Powell has become a key event in the currency market. In his remarks, he noted that a rate cut in March is too early and expressed doubts that inflation will sustainably return to the 2% level by that time. However, Powell did not rule out the possibility of rate cuts later this year, leaving the door open for a spring easing.
In light of positive data from the US Bureau of Labor Statistics published on Friday, showing an increase in employment and a rise in average wages, the US Dollar (DXY) continues to strengthen. These factors put pressure on the EUR/USD pair, which is trading around 1.0770 in the early Asian session.
Trading Recommendation: It is recommended to place a buy order for EUR/USD from the price level of 1.0800. Sales may be relevant if the price level drops below 1.0750.
#Fed #Dollar #Euro #Trading #Finance #ForexMarket
"Pound Sterling Under Pressure: Impact of the Dollar Index on GBP/USD"
Pound sterling continues to decline for the second consecutive session, dropping to 1.2607 during Asian trading. The strengthening of the US Dollar (DXY), reaching an eight-week high, is putting pressure on GBP/USD.
Positive market sentiments, driven by the US labor market report, reinforce expectations of maintaining Fed rates. The economic analysis from the Bank of England also indicates no need for a rate cut in the near future.
Traders await the release of the ISM Services PMI in the US to gain additional signals about the labor market's condition. It is recommended to place a sell order for GBP/USD below the price level of 1.2615.
#Pound #Dollar #GBPUSD #Trading #Economy #BankOfEngland
Pound sterling continues to decline for the second consecutive session, dropping to 1.2607 during Asian trading. The strengthening of the US Dollar (DXY), reaching an eight-week high, is putting pressure on GBP/USD.
Positive market sentiments, driven by the US labor market report, reinforce expectations of maintaining Fed rates. The economic analysis from the Bank of England also indicates no need for a rate cut in the near future.
Traders await the release of the ISM Services PMI in the US to gain additional signals about the labor market's condition. It is recommended to place a sell order for GBP/USD below the price level of 1.2615.
#Pound #Dollar #GBPUSD #Trading #Economy #BankOfEngland
"Japanese Yen Under Pressure: Dynamics of USD/JPY and Global Factors' Influence"
The Japanese yen is experiencing sales pressure for the second consecutive day, reaching a new low for the year against the US Dollar. Despite the Bank of Japan's policy tightening, the recent bull market on global stock exchanges is considered a key factor undermining the yen's relative status as a safe currency.
Impressive employment data released on Friday in the US highlights the economy's good shape, allowing the Federal Reserve to maintain high-interest rates for a more extended period. It lifts the US Dollar (USD) to its highest level since December 11, providing additional support to the USD/JPY pair.
Traders are awaiting the release of the ISM Services PMI in the US, along with monitoring geopolitical tensions and China's economic problems. Risk sentiments may create trading opportunities for USD/JPY.
Trading Recommendation: It is recommended to place a buy order for USD/JPY from the current price level.
#Yen #Dollar #USDJPY #Trading #Economy #Fed
The Japanese yen is experiencing sales pressure for the second consecutive day, reaching a new low for the year against the US Dollar. Despite the Bank of Japan's policy tightening, the recent bull market on global stock exchanges is considered a key factor undermining the yen's relative status as a safe currency.
Impressive employment data released on Friday in the US highlights the economy's good shape, allowing the Federal Reserve to maintain high-interest rates for a more extended period. It lifts the US Dollar (USD) to its highest level since December 11, providing additional support to the USD/JPY pair.
Traders are awaiting the release of the ISM Services PMI in the US, along with monitoring geopolitical tensions and China's economic problems. Risk sentiments may create trading opportunities for USD/JPY.
Trading Recommendation: It is recommended to place a buy order for USD/JPY from the current price level.
#Yen #Dollar #USDJPY #Trading #Economy #Fed
EURUSD: Eyes on Lagarde Speech
EURUSD hovers around 1.0730, attempting a second day of gains. Pressure eases on USD, with US 2-year and 10-year Treasury yields down.
Euro (EUR) unfazed by Q4 Eurozone GDP meeting expectations.
Market awaits speech by Christine Lagarde, ECB President today.
Trade recommendation:
Rangebound trading within 1.0700 - 1.0760.
#EURUSD #Euro #Dollar #ECB #Lagarde #Forex #Analysis
EURUSD hovers around 1.0730, attempting a second day of gains. Pressure eases on USD, with US 2-year and 10-year Treasury yields down.
Euro (EUR) unfazed by Q4 Eurozone GDP meeting expectations.
Market awaits speech by Christine Lagarde, ECB President today.
Trade recommendation:
Rangebound trading within 1.0700 - 1.0760.
#EURUSD #Euro #Dollar #ECB #Lagarde #Forex #Analysis
GBPUSD: Awaiting GDP Data
GBPUSD holds above 1.2500. Upside capped by weak UK inflation data.
Investors eye Q4 UK GDP data (forecast: +0.1%).
BoE Governor Bailey says inflation to fall to target level by spring.
Trade recommendation:
Buy orders anticipating further rise.
#GBPUSD #Pound #Dollar #BoE #Bailey #GDP #Forex #Analysis
GBPUSD holds above 1.2500. Upside capped by weak UK inflation data.
Investors eye Q4 UK GDP data (forecast: +0.1%).
BoE Governor Bailey says inflation to fall to target level by spring.
Trade recommendation:
Buy orders anticipating further rise.
#GBPUSD #Pound #Dollar #BoE #Bailey #GDP #Forex #Analysis
USDJPY: Watch Level 150.00
USDJPY rises for a second day. Japanese officials warn against FX market speculation.
Japan's economy unexpectedly shrinks again in Q4.
US Fed seen keeping rates higher for longer.
Trade recommendation:
Monitor 150.00 level, buy on bounces.
#USDJPY #Dollar #Yen #Fed #Inflation #Economy #Forex #Analysis
USDJPY rises for a second day. Japanese officials warn against FX market speculation.
Japan's economy unexpectedly shrinks again in Q4.
US Fed seen keeping rates higher for longer.
Trade recommendation:
Monitor 150.00 level, buy on bounces.
#USDJPY #Dollar #Yen #Fed #Inflation #Economy #Forex #Analysis