Tag - usd

Fed may set new track for USD and stocks today
Fed may set new track for USD and stocks today

Fed Chair Jerome Powell will testify today at 19:05 MT time. This event is crucial for traders as the tone of the speech may set the risk tone for the markets for the next two weeks.

S&P down, WTI oil up while OPEC+ meets on March 4
S&P down, WTI oil up while OPEC+ meets on March 4

S&P made a significant dip down while the WTI oil price moves upward this Thursday; we are expecting news from the OPEC+ about the oil supply increase. Will it go higher or lower than expected? That'll eventually drive the oil price in either direction - prepare your levels.

NFP is coming!
NFP is coming!

Non-farm payrolls, the most awaited economic report, will be out on March 5 at 15:30 MT time.

AUD jumped on positive GDP
AUD jumped on positive GDP

Australian GDP rose by 3.1%, exceeding analysts’ forecasts of 2.5%. The Australian dollar climbed after the release, but then joined its peers in falling against the USD.

Risk assets are starting  week on rise
Risk assets are starting week on rise

Risk assets are recovering after a losing streak in the previous week as progress in the extra US stimulus package improved the market sentiment.

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Don’t waste your time – keep track of how NFP affects the US dollar and profit!

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