Australian GDP rose by 3.1%, exceeding analysts’ forecasts of 2.5%. The Australian dollar climbed after the release, but then joined its peers in falling against the USD.
UK Manufacturing PMI
|In the environment of uncertainties related to the Brexit negotiations, the pound needs support from other sources. PMI is a leading indicator of the economic health. A positive reading of this indicator can be an encouraging factor for the UK currency. If the actual figures turn out to be better than the forecast ones, the GBP will strengthen its positions versus the USD and the EUR. The index will be published at 11:30 MT time ion March 1.|
Risk assets are recovering after a losing streak in the previous week as progress in the extra US stimulus package improved the market sentiment.
Latest news and the technical analysis fo major pairs are here!
Great news for oil bulls! OPEC and its allied producers agreed to expand output cuts for the next month.
The USD skyrocketed after Fed Powell’s speech. OPEC and allied producers agreed to extend production cuts for another month. Oil surged.
The European Central Bank publishes its monetary policy statement that includes an announcement of the interest rate on March 11, at 14:45 MT time.