In this daily video, we check through the main headlines and see how they affect the market mood across the main currency pairs and assets.
Tag - jpy - japanese yen
The Turkish lira hugely dropped today, which pushed USD/TRY up to highs unseen since November 2020.
The Turkish lira hugely dropped today, which pushed USD/TRY up to highs unseen since November 2020. Oil started recovering its losses after the worst week since October.
FOMC's report provided positive feedback on the current domestic US economic dynamics. However, a rather dovish outlook made the US dollar weak, resulting in the USD's plunge in the currency pairs across the Forex market.
All eyes today are on the FOMC meeting: will the Federal Reserve ease traders' concerns about the increasing inflation or not? How can this influence EUR/USD, USD/JPY, gold, and S&P500? Watch the video to find out!
The market optimism waned ahead of the Fed meeting: stock indices dropped, gold and the USD rose.
BOJ shares its interest rate and monetary policy on March 19.
The Forex market is volatile and a bit indecisive this Tuesday but we have the S&P finally opening the way to 4000 as it managed to cross the resistance of 3960!
So many meetings are going to move the currencies!
Jump in to get the latest market news and fresh technical analysis of EUR/USD and GBP/USD!
In a few days, primary Forex currencies will hear what their respective central banks think about the future - and we're about to trade it!
Yesterday, S&P surged to the all-time high of 3960, driven by Biden’s $1.9 trillion relief bill. Today the stock index has taken a break. Meanwhile, the US dollar is edging higher today, pressing down its peers.