The USD skyrocketed after Fed Powell’s speech. OPEC and allied producers agreed to extend production cuts for another month. Oil surged.
Tag - usd
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 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.
Non-farm payrolls, the most awaited economic report, will be out on March 5 at 15:30 MT time.
This currency pair is now between the two MAs at the key resistance level - will it break it?
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.
On Tuesday, the USD advanced against the so-called “safe-haven” currencies: the Swiss franc and the Japanese yen
This Tuesday evening, OPEC+ starts the series of this week's sessions to define the supply increase. Check the article out, and trade it!
The US Services PMI will be out at 17:00 MT time on March 3.
The stock market has been trading in a green zone after the US House approved the $1…
Here is a tactical suggestion on how to trade the shining metal.
Risk assets are recovering after a losing streak in the previous week as progress in the extra US stimulus package improved the market sentiment.