What is moving the markets today?
Tag - eur
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.
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.
What’s happening? S&P dropped, the AUD dropped, while USD/JPY skyrocketed!
Asian equities traded mixed and attempted to shrug off the weak handover from the US where there was a slight negative bias.
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?
Read a short market wrap with daily recommendations on major pairs!
The UK multinational investment bank HSBC advised its clients to sell the pound in 2021.
The leading Canadian investment bank TD Securities is going to sell the EUR and buy the USD in their trade of the week.
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?
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.
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.