Here’s everything you should know about Forex for Tuesday, February 13:
Following another Forex day of indecisive movement on Monday, currency markets will focus on January Consumer Price Index data from the United States on Tuesday. ZEW Survey data from Germany will also be watched for new impetus during European trade hours, and OPEC will release its Monthly Market Report.
The US Dollar (USD) Index remains in a narrow zone above 104.00 early Tuesday. Annual inflation in the United States is expected to slow to 2.9% from 3.4% in December. On a monthly basis, the CPI and core CPI are predicted to climb by 0.2% and 0.3% respectively. Ahead of the important inflation figures, US stock index futures are modestly lower, but the benchmark 10-year US Treasury bond rate remains around 4.2%.
US CPI report forecast: Core inflation to fall to 3.8% and headline to 3.0%, according to experts.
UK’s Office for National Statistics (ONS) revealed early Tuesday that the ILO Unemployment Rate fell to 3.8%.
The UK’s Office for National Statistics (ONS) revealed early Tuesday. That the ILO Unemployment Rate fell to 3.8% in the three months to December. Down from 4.2%. This number came in lower than the market’s anticipation of 4%. Other elements of the jobs report revealed. That annual wage inflation, as measured by the change in Average Earnings Excluding Bonus. Slowed to 6.2% from 6.7% in the same period. GBPUSD gained traction and rose to around 1.2650 in the early European session.
The yearly CPI in Switzerland increased. US stock index futures are modestly lower. But the benchmark 10-year US Treasury bond rate remains around 4.2%.
US CPI report forecast: Core inflation to fall to 3.8% and headline to 3.0%, according to experts.
The UK’s Office for National Statistics (ONS) revealed early Tuesday that the ILO Unemployment Rate fell to 3.8% in the three months to December, down from 4.2%. This number came in lower than the market’s anticipation of 4%. Other elements of the jobs report revealed that annual wage inflation, as measured by the change in Average Earnings Excluding Bonus, slowed to 6.2% from 6.7% in the same period. GBPUSD gained traction and rose to around 1.2650 in the early European session.
The yearly CPI in Switzerland increased. The day’s high was little more than $2,020.
