The US president is back to White House after three days spent in the hospital. Riskier assets rose, while safe havens dipped.
Tag - u.s.
The yellow metal is boosted by the poor performance of the USD. What is the forecast?
The market sentiment has switched to risk-on, driving upwards stocks and riskier currencies and weighing on the US dollar.
Non-Farm payrolls will be out on Friday at 15:30 MT time! Are you ready?
Asian shares crept higher on Wednesday after data showed China's economic recovery gathering steam, but a chaotic first U.S. presidential debate between President Donald Trump and Democrat Joe Biden weighed on the mood.
US ISM Manufacturing PMI is coming out on Thursday at 17:00 MT time! Be ready!
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.
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!