On Thursday, the Greenback settled high vs. a basket of major currencies, after the Federal Reserve said inflation was likely to rise this year. At Fed Chair Janet Yellen's last policy meeting as head of the central bank, the Fed. kept interest rates unchanged, but hinted at hikes this year. Now, market players are Friday's nonfarm payrolls report for further indications of the strength of the economy. On the release front, traders are awaiting the U.S. ISM Manufacturing, which is expected to hit 58.6 from 59.7.
The Single currency fell by 0.25%, to settle at $1.2444, having pulled away from a high of $1.2475 reached the previous day. On the release front, markets are awaiting
EUR ECB's Praet Speaks in Brussels.
The Sterling pound fell by 0.50%, to settle $1.4261 as the U.K Manufacturing activity UK unexpectedly declined at the start of 2018.
Against the JPY, the USD rose by 0.43%, to settle at ¥109.66.
Gold prices fell slightly, after the Federal Reserve wend with expectations and kept interest rates unchanged but hinted at hikes later this year. It is widely expected that the U.S. Fed reserve will hike rates next month, followed by another hike in June, with a third move higher arriving before the end of the year. Gold Futures - Feb 18 (GCG8), rose by 0.07%, to settle at $1,344.00.
Early on Thursday, the U.S. oil prices extended its gains as data earlier showed a sizable decline in U.S. stocks of gasoline and distillate supplies and as OPEC's strong compliance with a supply cut deal offset news that U.S. production topped 10 million barrels per day for the first time in nearly half a century. Crude Oil WTI Futures - Feb 18 (CLG8) rose as much as 0.63%, to settle at $ 65.14, and Brent Oil Futures - Mar 18 (LCOH8) was up by 0.68% at $69.36.
The most important economic events
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