The market is resilient ahead of the speeches of Fed’s Powell and ECB President Lagarde, but there are still interesting movements.
Italian Parliamentary Election
Italian election represents a significant risk for the euro. The problem is that coalition parties have difficulties in agreeing on whether Italy should be in the European Union or not.
If the opposition gets the majority in the parliament, it will shake the stability of the EU and the EUR. On the other hand, if pro-European parties win, the euro will revive with new force. So, let’s see what happens and trade on the outcome.
The uncertainty over US fiscal stimulus and Brexit, and also rising new virus cases deteriorated the market mood. That’s why we can expect the further rally of the US dollar and the fall of riskier assets today.
Stock significantly surged: S&P 500 and Nasdaq reached 6-week highs. The market sentiment may deteriorate today as Johnson & Johnson’s Covid-19 vaccine trails have been stopped because of the unexplained illness.
Netflix stock price falls 5% on Tuesday. Why? Read the news.
The USA will publish unemployment claims on October 22 at 15:30 MT time. How to trade after the release?
Canada’s retail sales will be out on October 21 at 15:30 MT time. Get ready with us for this event!