Silver is rarely mentioned in the Forex reviews - but now comes its time as it skyrockets in line with a few other trading instruments.
Tag - eur
U.S. stocks are seen trading lower Friday, with the week’s volatile trading, sparked by retail traders’ activism, set to continue.
European stock markets are seen opening sharply lower Friday, with investors cutting positions given the uncertainty surrounding the populist trading movement
What is moving the markets today?
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.