
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
On Wednesday, the common currency kept to a 10-month peak after ECB chief hinted the days of the bank’s quite aggressive stimulus are numbered. The US currency was under pressure after a vote on American healthcare legislation was postponed.
The euro demonstrated $1.1338, having soared 1.4% on Tuesday and reaching g a peak of about $1.1349, which is its strongest outcome since late August 2016.
The rally came up after on Tuesday ECB President Mario Draghi told at a conference in Portugal that reflationary forces had substituted for deflationary ones.
However, any change in the ECB's stance needs to be gradual because significant monetary support is still required and the rebound in inflation will be tied to favorable global financing conditions, as Draghi said.
Market participants told that the common currency could add to its revenues in the nearer future.
The common currency is currently facing resistance at $1.14. It could obtain another boost in case that level’s breached.
Versus the Japanese yen, the common currency inched up to 127.47 yen on Tuesday, which is its strongest outcome since April 2016.
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
We prepared an outlook of major events of this week. Check it and be ready!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
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