What’s happening? S&P dropped, the AUD dropped, while USD/JPY skyrocketed!
Tag - usd
Asian equities traded mixed and attempted to shrug off the weak handover from the US where there was a slight negative bias.
The Federal Reserve will release its statement at 21:00 MT time (GMT+2). Jerome Powell's press conference will follow at 21:30 MT time. How will this event influence the USD, Forex majors, and gold?
The Federal Open Market Committee (a department of the Federal Reserve) will post its statement and an update on the interest rate on January 27 at 21:00 MT time
Read a short market wrap with daily recommendations on major pairs!
Let's trade exotics. The Russian ruble and the Mexican peso may gain some value against the US dollar in the short-term.
Getting down to 1 845, gold seems to be in no hurry to reach the peaks it left recently. No problem, we can wait...
The UK multinational investment bank HSBC advised its clients to sell the pound in 2021.
The leading Canadian investment bank TD Securities is going to sell the EUR and buy the USD in their trade of the week.
The USD is strengthening, while S&P 500 and NASDAQ paused their advance. Traders and investors worry that the US fiscal stimulus won't arrive soon. The video contains our trade ideas, what are yours?
The US will publish the advance GDP for the fourth quarter of 2020 on January 28, at 15:30 MT time.
As GE reports its earnings (today, 15:00 MT), we look into its fundamental and technical outlook... and find it a worthy buy.