Let’s have a look at the economic calendar.
USD: forecast for May 22-16
US dollar had the worst week in 9 months. The greenback was hit hard by the political turmoil in the United States. The hype was caused by Trump's firing of former FBI director James Comey, allegations he pressed Comey to stop investigating his former national security chief, and his campaign's alleged ties with Russia. There are concerns not only that the President may be impeached, but also that the fiscal stimulus he promised will be unlikely anytime soon.
The market sentiment improved based on an ease of the trade war tensions between China and the US.
What if there's no uptrend or downtrend at the market? How to make money in a sideways market? FBS analyst Elizabeth Belugina will show you how to trade in ranges…
Watch and find out the key levels for EUR/USD, GBP/USD and NZD/USD for today!