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
The overall market sentiment is risk-on. The S&P 500 index (US 500) is getting close to the all-time high. Oil is recovering quickly from its recent losses.
What will happen? US consumer confidence will be announced at 5:00 MT (GMT+3) on Tuesday, July 27…
PMI reports from the EU, the UK, and the USA will be released during the day!
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.
Today traders await the European Central Bank to make a policy statement at 14:45 MT (GMT+3).
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
Oil dropped to the lows unseen since late May. Bitcoin has dropped below $30,000, while gold has reversed up from a dip under $1,800.
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.