That day has come, guys! The Fed will hold a meeting at 21:00 GMT+3. It can be a highly impactful event. The markets expect the bank to hint about the timing of tapering.
Trade ideas on June 7-11!
Don’t expect to relax after a super volatile previous week! The market is getting ready for yet another roller-coaster!
The pair awaits the ECB Interest Rate Decision and the US Inflation Rate on Thursday. We expect a lot of volatility if the ECB follows the recent rhetoric of the FOMC members on stimulus reduction. As for the US Inflation, it may strengthen the US dollar significantly if it exceeds the forecasts.
The Canadian dollar is enjoying high oil prices and the Bank of Canada’s small steps towards tapering. Since the middle of May USD/CAD has been consolidating right above the psychological support of 1.2000. If the BOC provides signals on more stimulus reduction this Wednesday, the breakout of this level will be highly possible.
After breaking above 1900, bulls could not hold the asset at the highs last week. Again, the focus will be on the US Inflation Rate. If the USD gets positive momentum once again, the precious metal will drop.
The OPEC+ meeting provided an optimistic outlook on demand last week and pushed the oil prices higher. The price of Brent broke above $71.50 and the price of WTI stuck above the recent peak of $67.80. While the talks between the world powers and Iran on the nuclear deal are set to continue this week, we may expect more price swings in the oil market.
Tesla’s stock dropped last Friday on the news about disappointing sales figures in China. Additionally, that, Tesla’s CEO Elon Musk keeps expressing his anger towards Bitcoin on Twitter. His comments may have an impact on the stock of the automaker as well. Don’t miss the chance!
A selloff in stocks stopped. S&P 500 has reversed up from the 100-day moving average. It should be the perfect time to buy the index.
The FOMC, a committee within the Federal Reserve, will hold an important meeting and press conference on September 22 at 21:00 MT time (GMT+3).
Although Jerome Powell’s speech sounded hawkish on Wednesday, September 22, markets did not get scared and the main stock indices got bought back…
Turkey’s central bank governor was at a crossroads: to hold interest rates and take a risk to be fired like it was for three governors before him, or to comply with the president, to cut rates, and to risk the market. Let’s find out, how to react to the rate cut.
The Fed can start tapering already this November, oil is rallying pushing the Canadian dollar up! Jump in to know more!