What you need to know this Thursday
Tag - eur
“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.
As the biggest oil refinery in the world got attacked recently in Saudi Arabia, oil soared to almost $70. Other than that, a regular weak ahead, with CAD and EUR seeing their respective rates and monetary reports out. A couple of stocks are down, by the way - we'll talk about that and how to gain on that, too!
The European Central Bank publishes its monetary policy statement that includes an announcement of the interest rate on March 11, at 14:45 MT time.
S&P made a significant dip down while the WTI oil price moves upward this Thursday; we are expecting news from the OPEC+ about the oil supply increase. Will it go higher or lower than expected? That'll eventually drive the oil price in either direction - prepare your levels.
Australian GDP rose by 3.1%, exceeding analysts’ forecasts of 2.5%. The Australian dollar climbed after the release, but then joined its peers in falling against the USD.
Risk assets are recovering after a losing streak in the previous week as progress in the extra US stimulus package improved the market sentiment.
Latest news and the technical analysis fo major pairs are here!
After the words of Fed Chair Jerome Powell, the market has got confidence.
The risk-on is back on the market as investors focus on the projections for a stronger-than-expected economic rebound and the Fed’s pledge to prolong support for the rest of the year.