What will happen? US consumer confidence will be announced at 5:00 MT (GMT+3) on Tuesday, July 27…
Aussie is intact on poor NAB data, Kiwi surges
On Tuesday, the Australian dollar didn’t change versus its American rival after the publication of dismal Australian data. Meanwhile, the New Zealand dollar grew because market sentiment kept recovering from worries provoked by Hurricane Irma as well as North Korea.
The currency pair AUD/USD tumbled 0.14% being worth 0.8016.
The National Australia Bank told that in August its business confidence index went down to 5 from the previous month’s outcome of 12.
The currency pair NZD/USD rallied 0.21% being worth 0.7267.
Market sentiment kept improving because Hurricane Irma generated less damage than previously anticipated in Florida and as North Korea didn’t launch missiles over the weekend.
Traders had braced for extra provocations from the isolated Asian nation on September 9 because North Korea celebrated its founding day. However, North Korea stood away from launching missiles that day.
The OPEC meeting and the US Nonfarm Payrolls rocked the market last week. The market is torn between optimism about the global economic recovery and concerns about the new coronavirus strains.
All eyes are turning to the Federal Reserve and the US dollar. How to trade XAU/USD, EUR/USD, and GBP/USD?
Today the Fed will make a policy statement at 21:00 GMT+3. This event will affect all the currency pairs with the USD and thus almost the all Forex market!
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
Hong Kong stock index extended a decline sparked by China’s tech crackdown. Tesla posted better-than-expected results. Jump in!