Throughout my financial career, I have continually witnessed examples of other people that I have known being ruined by a failure to respect risk. If you don’t take a hard look at risk, it will take you.
USD
EUR/USD
The Shared currency rocketed to $1.1465 after President Christine Lagarde acknowledged mounting inflation risks and declined to repeat previous guidance that an interest rate increase this year was extremely unlikely. ECB left its interest rate unchanged on Thursday.
GBP/USD
The Cable rose to $1.3600 on a knee-jerk reaction after BoE handed down its policy decision and hike rate by 25 basis points, nearly half of its policymakers wanted a bigger increase to contain rampant inflation.
USD/JPY
The Japanese yen lost ground to 114.89 against the U.S. dollar on expectation the Bank of Japan might be unable to follow its peers to tighten monetary policy at its policy decision next week.
AUD/USD
The Aussie dollar lacked drive at $0.7140 after Australia's central bank's quarterly statement on monetary policy this Friday emphasised that wages growth still lagged and significant uncertainties surround the inflation outlook.
USD/CAD
The Loonie spiked to 1.2675 per U.S. dollar, tracking risk-on sentiment ahead of U.S. Non-farm payroll and Canadian jobs reports data today.
USD/ZAR
South African rand strengthened to 15.23 partly due to a broadly weaker U.S. dollar.
USD/MUR
The dollar-rupee sidelined at 43.60 (Selling).
13:30 - GBP - Construction PMI (Jan)
17:30 - USD - Nonfarm Payroll (Jan)
17:30 - USD - Unemployment Rate (Jan)
17:30 - CAD - Employment Change (Jan)
