Tag - eur

The Fed pledged to keep near-zero rates at least through 2023. The dovish message pressed down the US dollar. As a result, EUR/USD and GBP/USD surged. 

FOMC's report provided positive feedback on the current domestic US economic dynamics. However, a rather dovish outlook made the US dollar weak, resulting in the USD's plunge in the currency pairs across the Forex market.

The market optimism waned ahead of the Fed meeting: stock indices dropped, gold and the USD rose.

The Forex market is volatile and a bit indecisive this Tuesday but we have the S&P finally opening the way to 4000 as it managed to cross the resistance of 3960!

Jump in to get the latest market news and fresh technical analysis of EUR/USD and GBP/USD!

In a few days, primary Forex currencies will hear what their respective central banks think about the future - and we're about to trade it!

Yesterday, S&P surged to the all-time high of 3960, driven by Biden’s $1.9 trillion relief bill. Today the stock index has taken a break. Meanwhile, the US dollar is edging higher today, pressing down its peers.

Yesterday, S&P surged to the all-time high of 3960, driven by Biden’s $1.9 trillion relief bill. Today the stock index has taken a break. Meanwhile, the US dollar is edging higher today, pressing down its peers.

What you need to know this Thursday

“Help is here,” Biden tweeted as the House passed the much-awaited $1.9 trillion COVID-19 relief bill.

The USD has recently strengthened versus the other major currencies…

The US is set to deliver $1.9 trillion stimulus. Nasdaq retreated after Monday’s deep slump. Oil dropped because of an attack on the crude terminal in Saudi Arabia.