German Ifo Business Climate
Germany, the leading economy in the Euro Zone, will reveal one of the key economic indicators – German Ifo Business Climate on September 24 at 11:00 MT time.
US ELECTION: ahead of day 3
The scores
So it seems that the mail-in ballots have tilted the table in favor of Joe Biden. There is no conclusion to the story yet, but the visuals speak for themselves: Joe Biden is slowly taking over the score. And the markets?
Source: Bloomberg
The markets
In general, it got a bit quiet: no sudden movements across the currency pairs on Wednesday close. The USD eventually ended the day on a softer note but currently it seems to be stepping into the correction zone to gain back some value. Gold floats below $1 910 in a local consolidation, and oil eased the bullish rush and bounced a bit down from $39.
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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.
Stock Market Recovers, Fed Meeting Is Eyed
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.
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What Will Move the Market on September 27 – October 1?
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 has Decreased Interest Rates, But is it a Buy?
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.
Main Market Trends on September 23
The Fed can start tapering already this November, oil is rallying pushing the Canadian dollar up! Jump in to know more!
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