#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
The following events and indicators can impact the US dollar exchange rate this week:
1. Tuesday, January 16:
- Consumer Price Index (CPI) in Germany (m/m) (Dec): This indicator may affect the euro and, consequently, the dollar, as changes in inflation can influence the decisions of the European Central Bank regarding monetary policy.
2. Wednesday, January 17:
- China's Gross Domestic Product (GDP) (Q4): Economic data related to the Chinese economy can influence the demand for the dollar, especially considering China's significance in the global economy.
- Consumer Price Index (CPI) in the United Kingdom (Dec): The impact on the pound sterling can have repercussions on the dollar.
3. Thursday, January 18:
- International Reserves of the Central Bank of Russia (USD): This indicator may affect the ruble and the Russian market, subsequently influencing the dollar.
- Initial Jobless Claims in the United States: This crucial labor market indicator can influence the dollar's exchange rate.
4. Friday, January 19:
- Existing Home Sales in the United States (Dec): This indicator can provide information about the strength of the real estate market, potentially affecting the dollar.
#Forex
#Economics
#StockMarket
#GlobalEconomy
#USD
#ChinaGDP
#EUR
#Unemployment
#OilPrices
#HousingMarket
1. Tuesday, January 16:
- Consumer Price Index (CPI) in Germany (m/m) (Dec): This indicator may affect the euro and, consequently, the dollar, as changes in inflation can influence the decisions of the European Central Bank regarding monetary policy.
2. Wednesday, January 17:
- China's Gross Domestic Product (GDP) (Q4): Economic data related to the Chinese economy can influence the demand for the dollar, especially considering China's significance in the global economy.
- Consumer Price Index (CPI) in the United Kingdom (Dec): The impact on the pound sterling can have repercussions on the dollar.
3. Thursday, January 18:
- International Reserves of the Central Bank of Russia (USD): This indicator may affect the ruble and the Russian market, subsequently influencing the dollar.
- Initial Jobless Claims in the United States: This crucial labor market indicator can influence the dollar's exchange rate.
4. Friday, January 19:
- Existing Home Sales in the United States (Dec): This indicator can provide information about the strength of the real estate market, potentially affecting the dollar.
#Forex
#Economics
#StockMarket
#GlobalEconomy
#USD
#ChinaGDP
#EUR
#Unemployment
#OilPrices
#HousingMarket
USDJPY: Awaiting US Inflation Data and Bank of Japan Comments
The USD/JPY pair is trading without significant changes at the start of the Asian session. Uncertainty about the timing of interest rate cuts leaves the US dollar in consolidation. Investors are awaiting the release of US Consumer Price Index (CPI) data and comments from the Bank of Japan, which could influence the Japanese yen's exchange rate. Trading recommendation: preferably trade on buy from current price levels.
Today's events in the financial markets could significantly impact currency pair rates, so investors should exercise caution and monitor market dynamics. #Forex #Finance #Investments #EURUSD #GBPUSD #USDJPY #inflation #CPI #BankofEngland #Fed #BankofJapan #labormarket #unemployment
The USD/JPY pair is trading without significant changes at the start of the Asian session. Uncertainty about the timing of interest rate cuts leaves the US dollar in consolidation. Investors are awaiting the release of US Consumer Price Index (CPI) data and comments from the Bank of Japan, which could influence the Japanese yen's exchange rate. Trading recommendation: preferably trade on buy from current price levels.
Today's events in the financial markets could significantly impact currency pair rates, so investors should exercise caution and monitor market dynamics. #Forex #Finance #Investments #EURUSD #GBPUSD #USDJPY #inflation #CPI #BankofEngland #Fed #BankofJapan #labormarket #unemployment