The Federal Reserve speeds up its quantitative tightening, and this is certainly bullish news for the USD. At the same time, this is a negative factor for the American stocks, which have entered their seasonally worst month.
What will happen on the ECB meeting?
Today the European central bank will hold a press conference at 15:30 MT time. There are many talks about the tapering of European quantitative easing. Based on the firm economic growth, the European central bank is aiming to tighten its monetary policy. Moreover, traders are waiting for comments from the ECB President Mr. Draghi that can support the euro that is highly volatile in recent weeks. The interest hike is not anticipated today, however, the speech of Mr. Draghi can affect the euro a lot.
We will look if there are reasons to worry about the ECB hawkish mood.
The gold has made a perfect retest, but will it hold against the rising dollar? Also, the Jackson Hole Symposium and Jerome Powell's speech may become critical for most assets, and finally, more economic releases and earnings reports await you.
After last week's CPI turned the markets upside down, we are looking at the performance of the US dollar…
Although the last week was intense, this one may be more dynamic and volatile. After the FOMC meeting and controversial decisions from the Bank of England, we saw a historical pound decrease, and the gold plunge. And there’s even more for you.
After the US CPI last week came out above the forecast, traders started expecting a 75-basis point rate hike…
In this video, we will talk about the potential change of a trend in the euro, another stock rally amid a global downtrend, gold prospects, and news that shakes the world right now. It’ll be a helpful video you don’t want to miss.