The number of Americans applying for initial unemployment benefits came in at a larger-than-forecast 870,000 last week, signaling that the recovery in the labor market is losing momentum as the coronavirus pandemic lingers and layoffs continue apace.
Tag - u.s.
The market sentiment remains risk-off amid rising virus cases around the world and fears over new restrictions and lockdowns.
All the issues point that today the risk-off sentiment will prevail on the market. However, it may change after Powell's speech. Jump in to get fresh trading ideas on gold, EUR/USD, S&P 500 and AUD/USD!
Get ready with us for the most important event of this week! The FOMC’s statement will be out on Wednesday at 21:00 MT time.
Asian equity markets were somewhat mixed as the region only partially sustained the momentum from the firm US handover.
The FOMC will make a statement on September 16 at 21:00 MT time!
In this video we will go through the main events of the week and analyze EUR/USD, GBP/USD, GBP/JPY and gold!
Optimistic vaccine news improved market sentiment. Stocks and riskier assets are rising, while the US dollar is dipping down. Let’s have a closer look.
The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
The US Dollar consolidated gains on Friday but was set for its biggest weekly rise in two and a half months.
Some analysts believe that there is more room for the US dollar to fall further. According to AG Bisset Associates, the USD will plummet by 36% against the euro. It’s hard to believe right now amid the stronger greenback, but let’s discuss why it’s possible.
Watch the video to get the fresh trading tips for EUR/USD, USD/JPY, S&P 500 and gold!