Ris sentiment turned red - check the charts!
FOMC's report provided positive feedback on the current domestic US economic dynamics. However, a rather dovish outlook made the US dollar weak, resulting in the USD's plunge in the currency pairs across the Forex market.
All eyes today are on the FOMC meeting: will the Federal Reserve ease traders' concerns about the increasing inflation or not? How can this influence EUR/USD, USD/JPY, gold, and S&P500? Watch the video to find out!
The Forex market is volatile and a bit indecisive this Tuesday but we have the S&P finally opening the way to 4000 as it managed to cross the resistance of 3960!
Yesterday, S&P surged to the all-time high of 3960, driven by Biden’s $1.9 trillion relief bill. Today the stock index has taken a break. Meanwhile, the US dollar is edging higher today, pressing down its peers.
What you need to know this Thursday
It's mostly corrections in the Forex market today - let's check it out together; we'll review gold, USD, EUR, GBP, oil, and Tesla!
The USD has recently strengthened versus the other major currencies…
Wow! There are so many events happening right now in the Forex market. Jump in to know!
S&P made a significant dip down while the WTI oil price moves upward this Thursday; we are expecting news from the OPEC+ about the oil supply increase. Will it go higher or lower than expected? That'll eventually drive the oil price in either direction - prepare your levels.
EUR/USD and GBP/USD are vulnerable to the downside. In this video, we'll talk about the important levels for these pairs, as well as S&P 500, AUD/USD, XAU/USD & oil.
The stock market has been trading in a green zone after the US House approved the $1…