S&P 500 made a strong close on Monday as traders await earnings reports of the largest US companies.
Trading plan for February 20
-Traders are waiting for the FOMC Meeting Minutes as the American central bank may provide clues on the future rate hikes. Positive clues will support the USD, lack of clues may pull it down. Check levels for the EUR/USD.
-It seems like XAU/USD has reached strong resistance. Is it a signal of the downward correction or the further rise is more likely? Check ideas on the XAU/USD trading.
-The Brazilian real is anticipated to be highly volatile as the pension reform should be sent to the Parliament today. Approval of the reform will support the BRL, any uncertainties will provoke depreciation. What are the key levels for the USD/BRL?
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Rallies in China’s technology equities and property shares were among the more notable moves. Local media said Evergrande paid a dollar-bond coupon before a weekend deadline, easing concerns about possible contagion from any default by the firm. What else can we spot today?
The US dollar is heading to close the seventh day in the red as it remains under selling pressure. Will the US economic data today support the greenback?
Bitcoin futures first ETF brought lots of positive to the crypto market, Bitcoin tested its all-time high of $64…