The current trading week is going to be quite eventful!
Tag - usd
How to trade during Martin Luther King Jr Day.
In times of political and economic uncertainties, analysts recommend investing in safe-haven assets. However, since recently, the USD with the weak American economic data and the easing monetary policy has been losing its status. What about the JPY and XAU? The situation is unclear.
USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.
British retail sales data is the main market driver of the day. Check levels for GBP/USD, EUR/GBP, AUD/USD, NZD/USD.
On Thursday, EUR/USD will be driven by the economic releases in Europe and the United States.
US-China agreement was priced in. Thus, markets are calm. The only important event of the day is US retail sales level.
Check key levels for GBP/USD, EUR/USD, XAU/USD, and AUD/USD.
American iInflation data may affect the USD. Safe-haven assets are down ahead of the agreement between the US and China.
How did the US-Iran conflict end and what were the consequences for oil and gold prices? We examine these and other important events of the Forex market in the weekly market outlook from FBS, giving an outlook for the coming days and the ways to use it…
Last week GBP/USD has failed to stay above the 200-week MA (1.3065) for the second time.
Most of the majors didn't catch the chance to rise against the USD after the weaker-than-expected NFP release. Currently, the sentiment is determined by the signing of the US-China trade agreement.