Online Forex broker
On Monday, the evergreen buck slips in Europe, although holding on to most of the profits made during Friday’s huge risk-off movement in global financial markets.
The weekend might have provided financial markets with the chance to decelerate and reflect on Friday’s events, although they have started in a negative mood once again. Additionally, bond yields and stock markets have gone down from Japan to Australia and Hong Kong because investors zero in on how 10-year Treasury gains dived below 3-month rates on Friday.
Besides this, volatility among developed market currencies kept to their limits. Eventually, the common currency demonstrated an outcome of $1.1309, diving by about 0.1%, while the UK pound showed $1.3186, decreasing a bit from overnight levels.
Gauging the US currency’s purchasing value versus its primary peers the USD index hit 96.097 - a level above it was before the Fed’s policy announcements the previous week.
As for Turkey’s lira, this currency was also demonstrating a mild rebound after its worst day since the previous year’s currency downtime, provoked by a dive in the major bank’s foreign exchange reserves and also made worse by President Recep Tayyip Erdogan’s rebuke of US leader’s call for international recognition of Israel’s control over the Golan Heights in Syria. As a matter of fact, the Turkish lira hit 5.6515 versus the evergreen buck, having dived from 5.8300 on Friday.
The first test of market sentiment of the week is due nearly instantly, as Germany’s Ifo business climate index is going to either corroborate the previous week’s shocking manufacturing poll from IHS Markit or providing some reassurance that things aren’t so bad. Evidently, the headline index is anticipated to rally mildly from its four-year minimum of 98.5 to 98.7 last month.
Last week several important economic updates influenced the Forex market. US preliminary GDP fell less than expected (0.6% actual vs. 0.7% forecast). Below you will find the key events to trade on during the week from August 29 to September 2.
Last week, there were sharp swings in USDJPY, a decline in oil prices, and a surge in Tesla stock. What's next?
Geopolitical factors and inflation remain the main drivers of financial markets. Let’s see how to use that in trading!
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
