Strong USD on Tuesday
The main market tendency today is that the US dollar is rising against its major peers and riskier assets such as stocks and oil are plummeting.
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. |
Similar
Markets ahead of Christmas
The USD continues dipping, while the GBP is rising on hopes for the Brexit deal done today.
USD is on the back foot after Trump's comments
US stocks and oil slipped as Donald Trump threatened not to sign a long-awaited stimulus bill into law. The market sentiment had been already fragile, and Trump’s comments worsened it even more.
Latest news
ECB report is in focus
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Markets await Biden to unveil "trillions dollars"
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
USD came under selling pressure
The US dollar’s weakness offered a boost to emerging-market currencies and oil.
Deposit with your local payment systems
