Baxia Markets News

Weekley Update 08/15/22

Written by Baxia Markets | Aug 14, 2022 9:00:00 PM

AUD gained more than 3% over the USD.

  • The AUD recovered the ground it lost after the US CPI and Inflation rate data was released last week.
  • The Aussie is on a three-day winning streak; fundamental news will impact the AUDUSD exchange rate this week.

 

The CAD lost 1.2% to the USD last week.

  • XTIUSD reached its lowest level in six months; Canada relies heavily on commodity exports, which affected the value of CAD at the beginning of the week.

 

US inflation rate comes out lower than expected.

  • The USD lost value across all major Forex Pairs after the CPI and Inflation rate data release.
  • The strong Labor Market in the US indicates that the economy is healthier than anticipated.

 

The UK released GDP and GDP Growth rate.

  • The data came out better than expected but still in the contraction area
  • The GBP lost ground to the US on the Friday session

 

Natural Gas climbed 14%

  • The commodity is on a four-day winning streak. 
  • The price rose after the production output declined three days in a row.

 

Expected High Impact Economic Releases

 

Monday

AUD- RBA Meeting Minutes

 

Tuesday

GBP- UK Unemployment rate

CAD - Canada’s Inflation Rate

JPY - Japan Balance of Trade

 

Wednesday

GBP - UK Inflation rate YoY

USD - FOMC Meeting Minutes

EUR - EA Employment Change YoY & QoQ

AUD - AU Unemployment rate

 

Thursday 

EUR - EA Consumer Price Index

JPY - Inflation rate YoY

 

Friday

GBP - UK Retail Sales

CAD- Canada Retail Sales 

 

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