Forex and other markets news
16.01.2023, 12:54
Weekly review. 09.01 - 13.01
Weekly review. 09.01 - 13.01
US inflation declines
Summary
- Japan's December Year-on-Year Inflation Released at 4.0%
- Australian Retail Sales for November Released 1.4%
- The US 10-year bond auction came out 3.575%.
- US inflation for December came out at 6.5%.
- UK GDP Index released 0.2%
gold
Gold ended the week rising to $1916 an ounce, representing a percentage point of 3.12%, for a total of $58 an ounce from Monday, which was certainly a gain after With US inflation announcements, including important US announcements that support gold prices to move higher The key resistance level remains at 1928, which may be a resistance to watch this week.
currency
Japan's December inflation rate was released at 4.0%, causing the yen to become volatile and after the BOJ's view of a tightening monetary policy decision. As a result, the Yen is appreciated and the Nikkei stock market is falling. continually
Australia's November retail sales rose 1.4%, reflecting the The gains in Australia's economic conditions were even stronger, with Australia's fourth quarter consumer price index coming out at 7.3%, up from 6.9% the previous time.
US inflation was released, in line with analysts' expectations of 6.5%, the previous 7.1%, and month-on-month -0.1%, the previous 0.1% inflation, reflecting the picture. That US inflation has dropped significantly as a driving force for gold prices to continue to recover.
The UK's GDP rose 0.2% year on year, 1.5% earlier, and 0.1% month on month, 0.5% earlier, reflecting a sharp decline in the UK economy. Continuing to reflect, the pound may fluctuate and fall.
EURUSD gained 1.24% as the dollar weakened and inflation was announced.
GBPUSD edged slightly higher by 1.28% amid weaker dollar but On the other hand, the pound has also weakened as well.
USDJPY dropped to -3.89% as the dollar depreciated and the yen strengthened, especially with the central bank's tightening monetary policy measures.
AUDUSD was marginally higher, with +1.79% higher on the back of a stronger Australian currency and a weaker dollar.
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