US inflation rose to a 13-year high making the USD rise…
October 29: is the euro going down?
The market is cautious ahead of the ECB monetary policy statement at 14:45 MT time, where the regulator may introduce additional stimulus measures based on lockdown actions in France and Germany. As for the USD, it is awaiting the release of the US Advance GDP.
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.
While the GBP is preparing to see some news from the Bank of England and the political circles, the market is rather quiet and indecisive today - let's see the trends around.
Last week the markets were shaken by the US inflation figures…
While most of the Forex market is relatively quiet, gold has finally made a breakthrough that may result to be an epic change of a long-term trend: we're discussing the technical view on that in detail.
Coinbase dropped by 6.5% in pre-hours trading today, after reporting that revenue and earnings came out slightly worse than expected. Gold is moving up to $1840. EUR/USD is attacking local highs.