January 29: Good old dollar is still a buy
What is moving the markets today?
Tag - eur
USD: biggest weekly gain since October
The US dollar is heading towards its largest weekly increase since October amid the risk-off market sentiment. Whereas, global stocks are having their worst weekly drop in nearly three months.
What awaits EU economy in 2021?
IMF downgraded its projections for the Euro Area. Economists predict that the EU will get back to the pre-pandemic levels only by the end of 2022.
Bearish market on Thursday
What’s happening? S&P dropped, the AUD dropped, while USD/JPY skyrocketed!
Risk-on mood remains intact
Asian equities traded mixed and attempted to shrug off the weak handover from the US where there was a slight negative bias.
January 27. Fed will drive the market!
The Federal Reserve will release its statement at 21:00 MT time (GMT+2). Jerome Powell's press conference will follow at 21:30 MT time. How will this event influence the USD, Forex majors, and gold?
Markets ahead Fed’s meeting
Read a short market wrap with daily recommendations on major pairs!
HSBC: "outlook for GBP is not promising"
The UK multinational investment bank HSBC advised its clients to sell the pound in 2021.
TD Securities: sell euro, buy dollar
The leading Canadian investment bank TD Securities is going to sell the EUR and buy the USD in their trade of the week.
January 26: wanna grab some dollars?
The USD is strengthening, while S&P 500 and NASDAQ paused their advance. Traders and investors worry that the US fiscal stimulus won't arrive soon. The video contains our trade ideas, what are yours?
Dollar regains some ground
President Joe Biden is expected to sign a new “Buy American” order, underlining the essential continuity of US trade policy despite the radical change of tone expected from Donald Trump’s administration.
January 25: trade ideas at the start of the week
EUR/USD has been rising since morning, but the further rally is limited by the 200-peiod moving average at 1.2190. Gold is flirting with the $1 850 level.
