Investors are worried about high inflation. Brent oil keeps looking at $85 a barrel, natural gas corrected down, EUR/USD remains in a downtrend, and USD/JPY paused after the rapid growth on Monday.
Strong USD ahead of Fed, Microsoft and Google earnings
Microsoft and Google have published strong earnings data. Australia published worse-than-expected inflation data, pressing down the Australian dollar. The main focus of traders is on the Fed meeting today. According to Bloomberg, if the Fed changes the policy direction today or gives any sign of it, we might see a massive correction on the market. It’s a must-see event for traders. Don’t miss out! 21:00 MT (GMT+3).
Surging energy prices make central banks tighten policy…
Watch the analysis of Chinese index, oil, EUR, GBP with the fresh daily trading plan!
Today retail sales and core retail sales will be announced in the United States…
Watch the video to get fresh trading ideas!
EUR/USD and other major pairs have been recovering losses, while the main focus of today remains on the US CPI and the FOMC Meeting Minutes…