Oil and BTC Surged, EUR Awaits ECB
Today traders await the European Central Bank to make a policy statement at 14:45 MT (GMT+3).
Weekly US employment data: chances for the USD
The United States will release unemployment claims on August 20, at 15:30 MT time.
Instruments to trade: EUR/USD, GBP/USD, USD/JPY
We continue to closely follow the situation with US employment. The release of US unemployment claims provides us an overview of the current situation in the labor market of the biggest economy. It is the number of people who applied for unemployment insurance for the first time during the past week. Judging by these figures, analysts may suggest what the next NFP release is going to be. Last week, the actual level of unemployment claims came out lower than the forecast of 1 410K. The data showed 1 186K people filed for unemployment benefits. This time analysts expect an even lower number of people (1 120K).
- If the indicator is higher than the forecasts, the USD will fall;
- If the indicator is lower than the forecasts, the USD will rise.
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Moderna Joins S&P, NZD Surged on Inflation Data
Moderna rocketed after an announcement that it is going to join the S&P 500 index. The New Zealand dollar surged after the nation’s inflation surpassed the central bank’s target level.
Latest news
Friday Trades: EUR/USD, USD/JPY, and Gold
The overall market sentiment is risk-on. The S&P 500 index (US 500) is getting close to the all-time high. Oil is recovering quickly from its recent losses.
Will There Be Any Changes in US Monetary Policy?
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
EUR, USD, GBP: all attention to PMI reports
PMI reports from the EU, the UK, and the USA will be released during the day!
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