America’s Roundup: Dollar posts biggest weekly rise in 7 months on rate bets, Wall Street rallies, Gold extends decline Oil hits 7-year peak on political risks, supply crunch-January 29th, 2022
Market Roundup
• US Employment Cost Index (QoQ) (Q4) 1.2%, forecast, 1.3% previous
• US Employment Wages (QoQ) (Q4) 1.50% previous
• US Dec Personal Income (MoM) 0.5% forecast ,0.4% previous
• US Dec Personal Spending (MoM) -0.6% forecast, 0.6% previous
• US Dec PCE Price index (YoY) 5.7 previous
• US Dec Core PCE Price Index (MoM) 0.5% forecast, 0.5% previous
• US Dec Core PCE Price Index (YoY) 4.8% forecast,4.7% previous
• US Jan Michigan Consumer Sentiment 68.7, 70.6 previous
• US Jan Michigan Consumer Expectations 65.8, 68.3 previous
• US U.S. Baker Hughes Oil Rig Count 491 previous
• US U.S. Baker Hughes Total Rig Count 604 previous
Looking Ahead – Economic data ahead (GMT)
•No data ahead
Looking Ahead – Economic events and other releases (GMT)
•No significant events
Currency Summaries
EUR/USD: The euro declined against dollar on Friday as markets continued…
