EUR/USD managed to rise for a very short period of time right after the ECB decision to as high as 1.1798 before declining and giving away its entire gains.
Tag - usd
After a notable rally all the way to 1.28, USD/CAD dropped back to 1.2730 yesterday, confirming our outlook mentioned a few days ago about the need for a downside retracement before the upside trend resumes.
Today traders await the European Central Bank to make a policy statement at 14:45 MT (GMT+3). The earnings season continues. Today, Intel, AT&T, and Twitter will reveal their financial results.
S&P 500 recovered from support. AUD/USD fell as Australian retail sales missed the forecast. BTC/USD jumped on the Bitcoin conference that’s taking place today.
The analysis of GBP/USD, NZD/ USD, and stocks
The ECB meeting is the most awaited event of the week! How will markets react? Watch the video to get fresh trade ideas on EUR/USD, GBP/USD, and Gold!
OPEC+ has finally reached a deal. The world's largest oil exporters will be slowly returning crude to the market. S&P 500 may test lower levels and the USD is rising as a safe haven as the delta covid-19 string is rapidly spreading.
We will remember the past week for the surge in the US inflation and the soothing comments of the Federal Reserve’s Chair Jerome Powell…
Moderna rocketed after an announcement that the vaccine maker is going to join the S&P 500 index. The New Zealand dollar surged after the nation’s inflation surpassed the central bank’s target level, moving New Zealand closer to an interest-rate increase. NZD/USD rocketed!
Yesterday, Fed Chair Jerome Powell said it was too early to get rid of the stimulus…
Traders were shocked by the US inflation figures and now await the testimony of the Fed’s Chair Jerome Powell. The NZD jumped after the RBNZ meeting, while the CAD awaits the meeting of the Bank of Canada.
The earnings season starts today! Traders await reports from JPMorgan and Goldman Sachs at 14:00 and 14:30 GMT+3, respectively, and PepsiCo at 13:00 GMT+3.