What will happen? US consumer confidence will be announced at 5:00 MT (GMT+3) on Tuesday, July 27…
The GBP gains on the announcement of the next Prime Minister
Earlier, than it was expected: Boris Johnson is announced a new prime minister of Great Britain. He won 92,153 votes among the members of the Conservative party.🇬🇧 The British pound gained after the announcement. At the moment the cable is testing the resistance at 1.2475 on H4. The next resistance lies at 1.2495. Bears need to pull GBP/USD below the 1.2449 level towards the support at 1.2422 to restore their movement.
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?
This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…
The overall market sentiment is risk-on. The S&P 500 index (US 500) is getting close to the all-time high. Oil is recovering quickly from its recent losses.
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…