News

PA Market Report: Overview (Jan 10 – Jan 14) & Upcoming Events January’22

priceactionadmin 3 years ago

Jan 10

AUD/USD defends US dollar-led bounce off

AUD/USD begins the second trading week of 2022 without surprises, keeping Friday’s rebound from a nearly two-week bottom around 0.7180 during early Monday morning in Asia.

Stabilization is progressing

The stabilization of economic indicators is progressing in January 2022. At 14.9 points, the overall index for the eurozone increases by 1.4 points. The current assessment improves by 3.0 points, while the expectations component stagnates.

Market Spotlight: GBPNZD Breakout Hits Target

The breakout trade in GBPNZD from 1.9690 has now hit its target at 2.0064.

Jan 11

Fed Chair Powell Testifies (USA)

As head of the central bank, which controls short-term interest rates, he has more influence over the nation’s currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy;

Jan 12

CPI m/m (USA)

Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;

Core CPI m/m (USA)

Jan 13

PPI m/m (USA)

It’s a leading indicator of consumer inflation – when producers charge more for goods and services the higher costs are usually passed on to the consumer

Jan 14

Core Retail Sales m/m (USA)

Automobile sales account for about 20% of Retail Sales, but they tend to be very volatile and distort the underlying trend. The Core data is therefore thought to be a better gauge of spending trends;

Retail Sales m/m (USA)

It’s the primary gauge of consumer spending, which accounts for the majority of overall economic activity;