Markets ahead of Christmas
The USD continues dipping, while the GBP is rising on hopes for the Brexit deal done today.
Tag - u.s.
USD is on the back foot after Trump's comments
US stocks and oil slipped as Donald Trump threatened not to sign a long-awaited stimulus bill into law. The market sentiment had been already fragile, and Trump’s comments worsened it even more.
USD awaits the last important indicator of this year
The USA will publish Chicago PMI on December 30, at 16:45 MT time.
Goldman Sachs: S&P 500 at 4 300 in 2021
According to Goldman Sachs, the stock rally will continue in 2021 as the global economy will regain pre-pandemic levels after the vaccine rollout.
EUR: bullish forecasts from Crédit Agricole
Crédit Agricole expects the USD will continue falling, while the EUR will keep rising in the coming months.
What to expect from FOMC?
This Wednesday the FOMC will give economic projections, which will have a huge impact on the Forex market.
Important releases for the USD
The United States will publish its PPI and core PPI on December 11, at 15:30 MT time.
Risk-on is back
The focus of traders’ attention shifted from concerns about the virus resurgence to hopes for a US stimulus package. As a result, the market sentiment improved, driving riskier currencies and stocks to the upside.
China’s exports hit record high
China has published the largest monthly trade surplus in the whole history, whereas the USA is planning to sanction Chinese officials. How will this news impact the yuan?
Dollar hits new 31-month low
U.S. stocks are seen opening mixed Thursday, pausing around record highs as investors await more fresh news on Covid-19 vaccines and potential fiscal stimulus.
Vaccine hopes vs. Covid-19 resurgence
The market sentiment is mixed, and the US dollar is trading near the lowest levels for over two years. Let’s have a look at the main market movements today.
Risk more cautious and USD slightly softer
US stocks are set to open slightly lower, retracing some - but by no means all - of Monday’s surge that took both the Dow Jones and S&P 500 to new record highs.
