The US weekly labor data is out!
US Initial jobless claims will be announced on Thursday at 15:30 MT time.
Fed's intention to turn dovish and risks for Apple and Facebook
The final interest rate decision by the Bank of England
Today we are awaiting the monetary policy report by the Bank of England at 14:00 MT time. While traders are assessing the chances of a surprise rate cut by the regulator as the last chance for the BOE governor Mark Carney to influence monetary policy. You can read more about it in today’s analysis.
Fed Chair Powell: the shift in inflation strategy is possible
While no major changes to the monetary policy were announced during the yesterday’s release of the FOMC statement, the Federal Reserve Chair Jerome Powell hinted about one important upcoming update on inflation. As we suggested in the article, the Fed will take additional measures to boost the inflation above the 2% target. Thus, we may expect the Fed turning more dovish in the nearest future.
Facebook's financial results are upbeat, but investors are cautious.
The biggest social media company reported the slowest quarterly sales growth during yesterday’s earnings release. Despite upbeat EPS (2.56 vs. 2.53) and a quarterly record of $21.08 billion in revenue, the profitability growth rate made investors worry about the future performance of a company. Thus, the performance of a company’s stock was quite mixed, however, the price managed to close above the resistance at 222.45.
Coronavirus affects Apple
Apple closed more stores in China due to coronavirus spreading. The news may have a negative effect on the price of Apple stock, despite a positive company’s results reported on Wednesday. As a result, the stock price formed a doji candlestick on the daily chart.
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Main market news on September 23
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.
Will the pound keep standing?
Services and Manufacturing PMIs are out on Wednesday at 11:30 MT time.
Latest news
Chinese yuan is in focus
China’s Manufacturing PMI will be out on Wednesday at 04:00 MT time!
US Federal Judge stopped TikTok's ban
China's industrial rebound, progress in US fiscal stimulus and other important news in this article.
US stimulus package improved sentiment
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!
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