The Fed can start tapering already this November, oil is rallying pushing the Canadian dollar up! Jump in to know more!
US ELECTION: markets as the US day starts
While the scores haven't changed much overnight in the US, Biden's positions remain strong while officials in some states report the gap between the rivals widening in favor of Joe Biden. Let's see what the day brings.
Just be careful with the USD: it lost value just before the business day started in the US, but now it is in correction to take back some of the gains - that is clearly visible with all pairs with the American dollar.
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.
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.
Commodities (iron ore, oil) and commodity-linked currencies (AUD, CAD) surged. West Texas Intermediate has reached $75 a barrel, while Brent rose to the highest mark since October 2018.
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.