Jackson Hole is over with surprising tapering news, hurricane in the US stops oil production, gold is surprisingly bullish and Bitcoin is weak. Find out how you can earn today in our trading plan for August 30.
The US dollar corrects after a long rally…
There are interesting technical setups in GBP/USD and USD/CHF. In addition, FBS analyst Liza Belugina looks at the charts of gold, oil, and bitcoin.
The market is experiencing the second day of risk-on moods, the NZD has improved on the better-than-expected data and stocks gained.
How to trade EUR/USD, Gold, Brent on August 23
The US dollar takes a breath after a long rally. Its recent jump was caused by the Fed’s Meeting Minutes.
Follow the key levels for EUR/USD, USD/CAD, and oil!
Investors concern that the economic recovery may be hampered by the fast-spreading delta virus variant. Japan’s GDP growth came out greater than analysts expected: 0.3% vs 0.1%. As a result, the JPY surged despite the extended restrictions in Japan.
The USD felt better after the US producer inflation surpassed forecasts and American unemployment claims fell for the third week. Gold has a chance to test higher levels, while oil is struggling with the negative news from China.
EUR/USD rose after the US inflation data was lower than last month…
Traders await the US Inflation Rate report today at 15:30 GMT+3. The hotter inflation is, the higher the possibility the Fed will tighten the policy soon. If it is the case, it will be positive for the USD.
The USD remains strong, S&P 500 subsided from the record highs, gold is under pressure after the flash crash on Monday, Moderna stock jumped, BTC is enjoying positive news.