Oil and BTC Surged, EUR Awaits ECB
Today traders await the European Central Bank to make a policy statement at 14:45 MT (GMT+3).
The US weekly labor data is out!
US Initial jobless claims will be announced on Thursday at 15:30 MT time.
Instruments to trade: EUR/USD, USD/CAD, USD/JPY, GBP/USD
The unemployment claims registered in the US have been going flat for the last two weeks. 881K in the first week and 884K in the second week of September indicate that the labor market has finally withstood the blow of the virus and is now going through the stabilization phase. As it is unlikely that the numbers will rise, the question is how fast they will fall. This question eventually will affect the pace of recovery: the sooner the numbers drop, the faster the recovery will go. Observers expect to see some 850K initial jobless claims. USD may be pushed to the upside or downside depending on whether the actual data will outperform or underperform against this expectation.
- If the jobs data is better-than-thought, the USD will rise.
- Otherwise, it will fall.
Similar
European Central Bank Will Meet on Thursday
The European Central Bank will make its policy statement on July 22 at 14:45 MT (GMT+3).
Oil and Bitcoin Dropped, Gold Recovers
Oil dropped to the lows unseen since late May. Bitcoin has dropped below $30,000, while gold has reversed up from a dip under $1,800.
Latest news
Friday Trades: EUR/USD, USD/JPY, and Gold
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.
Will There Be Any Changes in US Monetary Policy?
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
EUR, USD, GBP: all attention to PMI reports
PMI reports from the EU, the UK, and the USA will be released during the day!
Deposit with your local payment systems
