The United States will publish the ISM Manufacturing PMI on September 1, at 17:00 MT time (GMT+3).
USD/JPY has reached 2-weeks low
Following the release of US Fed and Bank of Japan interest rate decisions, the USD/JPY dropped by more than 70 pips. On the H4 chart of USD/JPY, we may place the resistance levels at 108.98, 108.69, 108.44 and 108.25, while the support levels may be located at 107.96 and 107.67.
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
What will happen? US consumer confidence will be announced at 5:00 MT (GMT+3) on Tuesday, July 27…
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.