How to Trade on FOMC Press Conference?
What will happen? FOMC press conference is among the primary methods the Fed uses to communicate with investors regarding monetary policy…
ECB Says ECB Work on a Digital EURO
2020-10-02 • Updated
Ichimoku Kinko Hyo
CAD/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
Fibonacci Levels
XAG/USD: Silver stands slightly below the 23.6% retracement area. Seems that some correction is taking place.
EU Market View
The House plan will ultimately be rejected by the Senate with Majority Leader McConnell stating that he supports additional stimulus, but it must be a narrow package. The US House voted in favor of the USD 2.2trl Democrat stimulus plan after House Speaker Pelosi announced the failure to agree a deal with the White House. EU leaders reached an agreement regarding Belarus in which they will impose sanctions on the nation for violence and its election process. Looking ahead, highlights from macroeconomic calendar include EZ CPI, US NFP, Factory Orders, Uni. of Michigan (F), Fed's Harker, European Council Special Meeting.
EU Key Point
Asian equity markets trade lower and the E-mini S&P is showing losses in excess of 1% after US President Trump tested positive for COVID-19
Similar
Stock Market Drops. Will Correction Continues?
The US broad-market index, S&P 500, has been pressed below the 50-day moving average for the first time since March! Why?
Trade Ideas on September 6-10
Bitcoin At the end of the past week, Bitcoin broke through the big resistance level of $50 400 and reached $51 500 after the worse-than-expected US labor data…
Latest news
Indices and Stocks in the Red
The stock market has reversed, and now it’s going lower and lower…
Walmart earnings outlook
Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?
Japan's inflation is at 2%, but what about a weaker Yen?
Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!
