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.
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.
Fed Chair Jerome Powell will testify today at 19:05 MT time. This event is crucial for traders as the tone of the speech may set the risk tone for the markets for the next two weeks.
Non-farm payrolls, the most awaited economic report, will be out on March 5 at 15:30 MT time.
Saudi Aramco site was hit by missiles on Sunday - no damage to oil supply was taken, but investor fear drove the price into the upside. Time to trade the cooling off then!
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.