US stocks are seen edging higher Thursday, continuing the recent strong rally after Fed chief Jerome Powell reaffirmed that the central bank’s monetary policy will remain supportive for some time yet.
Tag - gold
Investors see gold as a way to hedge against this volatility due to its stability.
World shares rose to new all-time highs overnight and European indexes strengthened, with market sentiment generally upbeat on the prospect of fiscal stimulus and vaccine rollouts and ahead of a speech by U.S. Federal Reserve Chair Jerome Powell.
Dollar seems to be losing momentum while many currencies, commodities, and the S&P index are taking over local and all-time highs.
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While the US Dollar has been weakening, other assets are taking full advantage out of it
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The USD has a good chance to strengthen versus other currencies after the NFP release. Watch the video to learn more!
Latest market news with the technical analysis of the EUR/USD, GBP/USD, USD/JPY, and gold!
World stock markets were fighting for a fourth day of gains on Thursday as a near one-year high in oil prices, a revitalized dollar and rising bond yields refocused attention on inflation and normalizing economies.
It's a Super Thursday for the Bank of England: the BoE will release statements and meeting minutes, so the GBP will move versus the major currencies. Watch the video to get the most important technical levels for currency pairs, S&P 500 & silver.
Asian equity markets were mostly lower following a flat lead from the US where focus centered on earnings and stimulus plans.