The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
Greenback soars as financial markets digest weekend events
On Monday, the evergreen buck tacked on versus other key currencies because financial markets were reviving from the weekend's elections in New Zealand and Germany. At the same time worries over tensions between North Korea and America seemed to relieve.
The currency pair EUR/USD slumped 0.24% being worth 1.1927. It’s because on Sunday Germany's federal election demonstrated surging support for a far-right party.
On Sunday, chancellor Angela Merkel grasped a fourth term in office. However, she requires building a coalition to create a government as Conservatives were deprived of support in the face of a sudden ascend by the anti-immigration Alternative for Germany or AfD for short.
The currency pair GBP/USD gained 0.13% hitting 1.3550, reviving from moderate losses reported on Friday after British Prime Minister Theresa May provided just few fresh indications on how Brexit is going to proceed.
We prepared an outlook of major events of this week. Check it and be ready!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
Saudi Arabia agreed to cut oil production. What will happen with the oil price now?
The situation on the labor market still looks optimistic. Today we expect the Unemployment rate data. 3.5% is expected.
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.