The United States will post the indicators of employment on July 2, at 15:30 MT time.
Tag - usd
Moderna stock jumped by 7% on good news about the company's vaccine. The USD is strengthening versus the EUR, and gold moved down on Tuesday because of the stronger greenback. Watch the video to get trade ideas for Wednesday!
EUR/USD traded within a tight range since the mid of last week with no significant action. However, the euro managed to test its major uptrend last week and hold well above that support.
Facebook skyrocketed on Monday, and oil prices fell on risk-off sentiment
Cathie Wood’s Ark Invest filed for the creation of a Bitcoin ETF. Apple and Amazon jumped and airlines and cruise operators dropped as the reflation trade waned.
The main events of the week are Non-Farm Payrolls (NFP) on Friday and the OPEC meeting on Thursday. Watch the video to get the fresh outlook for currencies, stocks, & commodities for the June 28- July 02 trading week!
US500 (S&P 500) had the best week since February as concerns that the Federal Reserve will raise rates eased. The most impressive gains were shown by Nike and Virgin Galactic. Brent oil is trading near $75.
The main events of the week are Non-Farm Payrolls (NFP) and the OPEC meeting. Jump in and get fresh trade ideas for the whole week!
The Bank of England held a meeting yesterday. The statement was more dovish than expected: there were no policy changes and no new hints about future rate hikes. After that, GBP/USD dropped to 1.3900.
The Bank of England was more dovish than expected and pressed down GBP/USD to 1.3900.
The analysis of EUR/USD, EUR/GBP, and other assets
US PCE Price Index will be out on Friday at 15:30 MT.