What will happen? US consumer confidence will be announced at 5:00 MT (GMT+3) on Tuesday, July 27…
Greenback leaps, on track for weekly revenues
On Friday, the evergreen buck added during Asian trading, heading for weekly profits after solid American economic data contrasted with figures demonstrating euro zone inflation cooling.
The dollar index, evaluating the greenback against a basket of six crucial currencies, soared 0.1%, being worth 100.50. It gained 0.9% for the week and it’s currently not far from a two-week peak of 100.60 reached overnight.
The common currency nursed losses, ascending 0.1% on the day, hitting $1.0681, though tumbling 1.1% for the week.
Thursday’s Spanish and German consumer price data showed that in March inflation slowed more steeply than expected, as crude priced sank, offering some respite to the ECB because it’s pressured to wind down its monetary stimulus.
Against its major Japanese counterpart, the US dollar was intact on the day at 111.98 yen, gaining 0.5% for the week.
Meanwhile, the British pound headed north 0.2%, being worth $1.2490.
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?
Today the Fed will make a policy statement at 21:00 GMT+3. This event will affect all the currency pairs with the USD and thus almost the all Forex market!
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!