What will happen? US consumer confidence will be announced at 5:00 MT (GMT+3) on Tuesday, July 27…
Greenback goes up in Asia
On Thursday, the evergreen buck gained some ground on the Japanese yen in Asia, as market talk grows that the BOJ has eyed recent strength as unwarranted while the British pound grew a bit as formal start of Brexit overnight hasn’t roiled the major British currency.
The currency pair USD/JPY got to 111.22, soaring 0.15%. Secondly, GBP/USD showed 1.2449, rising 0.11%, while AUD/USD stood still at 0.7670 after in February HIA new home sales added 0.2% month-on-month, compared to a 2.2% dip last month.
The US dollar index, assessing the greenback’s value against a trade-weighted basket of six crucial currencies, inched up 0.11%, trading at 99.89.
Overnight, the US dollar gained against a basket of main currencies, buoyed by better than expected American home sales data while a tumble in both the common currency and pound backed upside momentum in the US dollar.
The greenback continued its stuttering revival from multi-month minimums, reaching a session peak of 99.96.
The OPEC meeting and the US Nonfarm Payrolls rocked the market last week. The market is torn between optimism about the global economic recovery and concerns about the new coronavirus strains.
All eyes are turning to the Federal Reserve and the US dollar. How to trade XAU/USD, EUR/USD, and GBP/USD?
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
Hong Kong stock index extended a decline sparked by China’s tech crackdown. Tesla posted better-than-expected results. Jump in!
This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…