Forex News

Key information updates for profitable trading

Will the GBP stay steady?
Will the GBP stay steady?

Bank of England announces the rate and the monetary policy report on March 18, at 14:00 MT time.

USD strengthens, S&P 500 takes a break on Friday
USD strengthens, S&P 500 takes a break on Friday

Yesterday, S&P surged to the all-time high of 3960, driven by Biden’s $1.9 trillion relief bill. Today the stock index has taken a break. Meanwhile, the US dollar is edging higher today, pressing down its peers.

USD softened on Tuesday
USD softened on Tuesday

The US is set to deliver $1.9 trillion stimulus. Nasdaq retreated after Monday’s deep slump. Oil dropped because of an attack on the crude terminal in Saudi Arabia.

Fed may set new track for USD and stocks today
Fed may set new track for USD and stocks today

Fed Chair Jerome Powell will testify today at 19:05 MT time. This event is crucial for traders as the tone of the speech may set the risk tone for the markets for the next two weeks.

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