Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
Greenback grows versus pound, euro amid political uncertainty
On Tuesday, the evergreen buck strengthened versus crucial currencies because the common currency and sterling were suppressed by political uncertainties in the United Kingdom and Eurozone.
Assessing the greenback’s value versus a basket of six counterparts on a regular basis, the dollar index ascended 0.2%, showing 97.659, drifting away from a 6-1/2-month minimum of 96.797 achieved the previous week.
On Monday, American and British markets were unavailable due to holidays, giving traders fewer directional clues.
The British pound sank 0.2%, being worth $1.2816, moving toward a three-week minimum of $1.2775 hit on Friday, while the common currency sank 0.3%, trading at 1.1128.
As for the common currency, it was on the defensive as concerns over Greece's financial situation re-emerged too, after on Monday the country’s finance minister told that its creditors required reaching a deal on debt relief measures at the next gathering of euro zone finance ministers just assist the country in getting back to bond markets.
Now traders follow the economic events with new vision as inflation in the US seems like decreasing. Let’s see what releases will influence the market due to that factor.
The week will have the biggest event in the US political process over the last two years. How will the elections affect the Forex market? We covered the most important news of this week in this report.
The ECB is expected to raise the interest rate to 1.5% and oil is falling
Good morning, our dear traders! Are you ready for the news that is worth following for trading today? Let’s see! Today’s events: 14:00 GMT+2, EUR, ECB President Lagarde Speaks 16:30 GMT+2 CHF, Gov Board Member Maechler Speaks Bitcoin’s…
It’s Wednesday, my fellow traders! The day is filled with news and events you need to know, and here’re some of them.