The US dollar edged higher, while gold dipped down. Let’s discuss main news and market movements in detail.
Bank of England’s Meeting
|The UK economy is recovering despite the negative impact of Brexit negotiations. As a result, traders have reasons to expect that the Bank of England may raise interest rates soon, but not this time. The regulator will announce its decision at 13:00 MT time on March 22. Hawkish comments will be enough to send the GBP up. The BOE will also release the minutes of the meeting. The pound will strengthen if at least some members of the Monetary Policy Committee vote for a rate hike. On the other hand, if the Bank of England doesn’t appear ready to increase rates in the foreseeable future, the pound will fall.|
The market sentiment improved after the USA reported some decreasing in coronavirus hospitalizations. Gold dropped below $2 000 and the US dollar dipped down, while stocks surged. Let’s have a closer look.
The market sentiment is indeed risk-on today. Stocks, riskier currencies and gold are rising amid the waning US dollar.
Follow the report on August 14 at 15:30 MT time!
The market sentiment switched to risk-on. The US dollar is dipping down, while riskier assets are rising, especially the Australian dollar after the positive employment data. All eyes on US unemployment claims.
Everyone is talking about a stock split of Tesla. What is it?