Forex News

The US dollar is heading for the best week in three. The market sentiment is mixed as optimism about the global economic recovery was outshined by increasing tensions between the West and China.

A huge container carrier blocked the entire Suez canal. Among many, there are oil tankers waiting to continue their way through the canal. How is WTI price reacting?

UK retail sales will be out at 9:00 MT on March 26.

Rising yields, potential US tax hikes, and inflation fears worry investors. As a result, the market sentiment is risk-off. Stocks are falling, while the USD and the JPY are edging higher. 

The final US GDP will be out at 14:30 MT on March 25.

PMI reports from the EU, the UK, and the USA will be released during the whole day on March 24, to the delight of traders.

Microsoft is planning to buy Discord. Gold is climbing up. Besides, Fed's Powell will testify today. Jump in for fresh trading ideas!

The Turkish lira hugely dropped today, which pushed USD/TRY up to highs unseen since November 2020. Oil started recovering its losses after the worst week since October.

For the last two weeks, the Turkish lira has been gaining against the USD. Suddenly, 15% were reduced from its value in one day! Let's discover what happened.

The number of Americans asking for new unemployment benefits unexpectedly jumped last week.

The Fed pledged to keep near-zero rates at least through 2023. The dovish message pressed down the US dollar. As a result, EUR/USD and GBP/USD surged. 

The market optimism waned ahead of the Fed meeting: stock indices dropped, gold and the USD rose.