The USD continues dipping, while the GBP is rising on hopes for the Brexit deal done today.
Tag - u.s.
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.
The USA will publish Chicago PMI on December 30, at 16:45 MT time.
According to Goldman Sachs, the stock rally will continue in 2021 as the global economy will regain pre-pandemic levels after the vaccine rollout.
Crédit Agricole expects the USD will continue falling, while the EUR will keep rising in the coming months.
This Wednesday the FOMC will give economic projections, which will have a huge impact on the Forex market.
The United States will publish its PPI and core PPI on December 11, at 15:30 MT time.
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 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?
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.
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.
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.