For a long time, traders considered American Non-farm Payrolls (NFP) the most important release in the market. However, the situation has changed. Now US CPI moves financial markets.
Apr 21: EUR/USD may slide, while J&J jumped higher
EUR/USD formed a bearish pattern on the daily chart. The USD looks set to recover some losses versus other major currencies. Netflix stock plunged by more than 8.7% on Tuesday as subscriber growth disappointed, while J&J, on the contrary, shoot up. Watch the video to learn more about the trading opportunities for April 21!
The oil prices have declined this week after the new Omicron strain was identified. What should we expect next from oil?
The higher prices seen today are generally related to the pandemic, that’s no doubt. US consumer prices jumped in October at the fastest pace in three decades putting the Biden administration on the defensive and increasing prospects that the Federal Reserve will raise interest rates next year. Jerome Powell says Fed will discuss speeding up bond-buying taper at the December meeting. What does it mean for markets?
More reports, the start of a rally in crypto, outlook for gold and forex. This week is full of impactful releases, and we are here to trade on them.
Gold is about to break the most significant support. The US dollar index keeps gaining momentum. However, the situation might change this week, and we might see a tiny correction. Investors might return to risk-on and push the US stock market indices and cryptocurrencies to the upside. These and more trade ideas are in our new weekly video! Do not miss it!
This week is likely to be pivotal for many assets, including gold, USD, and several stocks. However, we need to be focused and react fast to the ever-changing environment to get the most from it.