Bitcoin Rallies Up, USD Takes Breath
The crypto market keeps recovering. Bitcoin has broken above $57,000. The way up to $60,000 is open now!
USD: support from the labor data
While the EUR is celebrating lockdown ease and financial aid discussions in the European Commission, the USD is celebrating that continuing jobless claims for the week ending March 16 are now at 21.1mln which is the first decline since the virus hit. That means, businesses are re-starting their operations. Will the USD take that to reverse the bullish spree of the EUR? The resistance of 1.1030 will show.
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Key Forex Event: US Inflation Rate
The US Inflation Rate (CPI) will be announced on Wednesday, October 13, at 15:30 MT (GMT+3). Traders eagerly await this event as it will impact the USD and thus the vast majority of currency pairs in the Forex market.
What will move the market on October 11-15?
The upcoming CPI and the earnings season are the main events in the focus of traders next week. Check out more!
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What will move the market on October 18-22?
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
Gold Skyrocketed, USD Dropped. What Drives The Market Today?
The Fed is ready to start tapering in November. Since the markets were expecting this and it wasn’t a surprise, the USD slumped allowing risk-on currencies and gold to rally up.
High-Impactful Event for Forex: US Retail Sales
US Retail Sales will be out on October 15 at 15:30 MetaTrader time (GMT+3).
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