Weekly Forex Outlook: 04/02/2022 – US inflation in spotlight again, UK GDP eyed too
February 4, 2022 2:23 pm
The skidding US dollar will be looking to the January inflation readings out of the United States to reverse its decline as financial markets enter a somewhat quieter week. UK GDP growth numbers will be the other highlight as the pound’s rally lost steam after the Bank of England sent some mixed signals on the economy. The kiwi might find some love should the RBNZ’s own survey show inflation expectations are creeping higher in New Zealand. However, with earnings releases also slowing down, markets might nevertheless struggle to find fresh direction in the coming days.
Intro – 0:00 US Inflation – 0:11 US Dollar and Stocks – 2:16 UK GDP – 2:43 Pound – 4:19 Kiwi and RBNZ – 4:34
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The skidding US dollar will be looking to the January inflation readings out of the United States to reverse its decline as financial markets enter a somewhat quieter week. UK GDP growth numbers will be the other highlight as the pound’s rally lost steam after the Bank of England sent some mixed signals on the economy. The kiwi might find some love should the RBNZ’s own survey show inflation expectations are creeping higher in New Zealand. However, with earnings releases also slowing down, markets might nevertheless struggle to find fresh direction in the coming days.
Intro – 0:00
US Inflation – 0:11
US Dollar and Stocks – 2:16
UK GDP – 2:43
Pound – 4:19
Kiwi and RBNZ – 4:34
Risk Warning: 75.59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en
Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning
Receive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: http://www.xm.com/market-analysis-video
In-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD.
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