The main market tendency today is that the US dollar is rising against its major peers and riskier assets such as stocks and oil are plummeting.
US CB Consumer Confidence
|US consumer confidence seemed to be strong during the summer months. In July, consumer confidence index rose to a 16-year high, although a drop was expected. It’s now time to see whether political problems of Trump’s administration and global risks have changed this situation. The Conference Board will release the index for September at 17:00 MT time on September 26.|
|The level of consumer confidence has a direct impact on household spending and, consequently, on the economy’s health in general. This release will be a Forex market mover and an opportunity to trade the USD.|
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
The US dollar’s weakness offered a boost to emerging-market currencies and oil.