What will happen? US consumer confidence will be announced at 5:00 MT (GMT+3) on Tuesday, July 27…
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.
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…