
Several largest American companies will publish their financial results this week. BTCUSD and XAUUSD are skyrocketing. What's going on in the markets?
Hello, dear traders! This Thursday will be active, with plenty of events and news to follow! Let’s see what we can expect:
14:00 GMT+2, BoE Official Bank Rate and monetary policy report
16:00 GMT+2 USD ISM Services PMI
Moderna, eBay, BMW and Coinbase earnings reports
The Fed raised rates by 75 basis points for the fourth consecutive time, pushing the top of its target range to 4%, the highest level since 2008.
The Federal Reserve has warned that rates will have to be raised even higher to bring stubbornly high inflation under control. The rate, close to zero in March, has jumped 3.75 percentage points over the past eight months. This is the most aggressive series of rate hikes in decades, but it has done little to curb inflation.
After the fourth consecutive rate hike, Jerome Powell made it clear that he was ready to continue tightening to tamp down inflation, shifting the focus from the size of the next hike to where rates will peak.
After the announcement, the dollar index gained 2280 points, pushing other currencies down.
Have an amazing trading day!
Several largest American companies will publish their financial results this week. BTCUSD and XAUUSD are skyrocketing. What's going on in the markets?
The dollar's status as the world's reserve currency could only be recovered if the US controls its spending. The huge budget deficit and rising interest rates on the US national debt should scare every American, analysts say. Read the full report to learn more!
Chinese investors are selling the UST. Meanwhile, the earning season continues. What's going on in the markets?
The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!
The US stock market fell in the third quarter. What's going on and why economists think that the last quarter will be better? Let's discuss it all here.
BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!