
Several largest American companies will publish their financial results this week. BTCUSD and XAUUSD are skyrocketing. What's going on in the markets?
The main focus is on the UK as the Bank of England made an announcement this morning. Let’s see what’s happening with the British pound and what else moves the market today.
The pound surged higher after the BoE had reported that interest rates and quantitative easing would stay unchanged. Previously, the central bank maintained the interest rate at 0.1% and increased its bond-buying program by 200 billion pounds. Moreover, Boris Johnson, the British Prime Minister, promised to start reopening of the economy on Monday. As a result, the market sentiment turned positive and the British pound gained.
Surprisingly, Chinese exports rose by 3.5% while analysts expected the 11% drop. However, imports decreased by 14.2%, while only the 10% decline was forecasted. The overall sentiment after the report was positive that the second-largest economy may recover faster than anticipated, and the Chinese yuan jumped. Moreover, the Australian dollar gained on upbeat Chinese export data.
Traders are waiting for tomorrow US unemployment rate, that is expected to be extremely high. Yesterday the ADP report revealed 20.2 million jobs lost that slightly exceeded the expected 20.5 million. That pushed the US dollar up.
The WTI oil price was growing up and then stopped on the $24 mark. As you remember, OPEC+ started to cut the oil production by 10 million barrels a day starting from May 1. It seems that the oil consumption is slowly recovering with the easing of lockdowns all over the world, but it may take a year to return to the pre-crisis level.
Several largest American companies will publish their financial results this week. BTCUSD and XAUUSD are skyrocketing. What's going on in the markets?
The dollar's status as the world's reserve currency could only be recovered if the US controls its spending. The huge budget deficit and rising interest rates on the US national debt should scare every American, analysts say. Read the full report to learn more!
The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!
The US stock market fell in the third quarter. What's going on and why economists think that the last quarter will be better? Let's discuss it all here.
BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!