Find out the key market movers for the upcoming week
Corporate earnings, OPEC, and FOMC on April 26-30
While the US billionaires are preparing for Joe Biden's tax hikes for the wealthy, the FOMC delivers its rate announcement and press conference this week - the Bank of Japan will do the same. Also, OPEC will confirm if the supply expansion course is the commitment of the cartel. Finally, the corporate earnings from Google, Facebook, Amazon, Microsoft, and many more are coming!
It's a very interesting week: the reports of the Australian central bank and Bank of England will be out, also NFP will be released on Friday!
Weekly market update on the USD, the GBP, and the stocks
US inflation rose to a 13-year high making the USD rise…
The global economic recovery led to higher inflation which in turn is believed to cause the recent plunge in the US and Asian stock markets.
Stocks especially tech ones dropped on Tuesday as increasing commodity prices raised concerns over inflation. Gold is often viewed as a hedge against inflation, that’s why it’s trading now near the three-month high.