What will happen? US consumer confidence will be announced at 5:00 MT (GMT+3) on Tuesday, July 27…
Catalonia relief pushes euro to two-week maximum
On Wednesday, the common currency soared to a two-week maximum versus a broadly weaker greenback on relief that Catalonia just formally declared its independence from Spain without making further steps.
On Tuesday, regional leader Carles Puigdemont dared to make just a symbolic declaration of independence and called for negotiations with Madrid. The given gesture relieved fears of immediate unrest in the EU.
On Wednesday, Spanish Foreign Minister Alfonso Dastis told that there was room for talks within the framework Spain’s existing constitution. However, he stressed that the Calatan leader's speech had turned to be a sort of trick.
On Wednesday, the common currency soared to $1.18345 in early trade, thus demonstrating its strongest reading since September 26.
Financial experts stressed that any moves higher in the common currency will be probably restricted, considering the extent to which it has already leapt versus the greenback – more than 12% so far in 2017.
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?
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!
This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…