Friday Trades: EUR/USD, USD/JPY, and Gold
The overall market sentiment is risk-on. The S&P 500 index (US 500) is getting close to the all-time high. Oil is recovering quickly from its recent losses.
Bank of Japan’s Meeting & Press Conference
| The Bank of Japan will join central banks’ September meeting marathon. Japanese regulator is expected to continue its extremely loose monetary policy aimed at reaching 2% inflation target. The regulator’s statement will come out at 06:50 MT time on September 21, and its press conference will start at 09:30 MT time. |
| The regulator’s meetings always give USD/JPY and EUR/JPY traders opportunities to make money during the Asian session. |
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Big Tech Stocks and Crypto Surged
Cathie Wood’s Ark Invest filed for the creation of a Bitcoin ETF. Apple and Amazon jumped and airlines and cruise operators dropped as the reflation trade waned.
Microsoft rocketed, markets calmed down
Microsoft joined Apple in the $2 trillion dollar club! Follow PMI reports from the US, UK, and EU throughout the day!
Latest news
Will the RBA Add Strength to the Aussie?
The Reserve Bank of Australia (RBA) will hold a meeting and announce changes to the monetary policy on August 3, at 07:30 MT time (GMT+3).
Trade ideas for August 2-6
What events to follow and how to trade during the week of July 2-6?
EUR/USD is Ready for Reverse, Amazon's Poor Results
EUR/USD retraced to 1.1870 after breaking out this level. It should be just a natural sell-off ahead of the further rally up.
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