Bearish market on Thursday
What’s happening? S&P dropped, the AUD dropped, while USD/JPY skyrocketed!
Tag - usd
Risk-on mood remains intact
Asian equities traded mixed and attempted to shrug off the weak handover from the US where there was a slight negative bias.
January 27. Fed will drive the market!
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?
What does the first Fed meeting of 2021 have for the USD?
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
Markets ahead Fed’s meeting
Read a short market wrap with daily recommendations on major pairs!
USD/RUB and USD/MXN: bouncing downwards
Let's trade exotics. The Russian ruble and the Mexican peso may gain some value against the US dollar in the short-term.
Gold: no rush to the upside
Getting down to 1 845, gold seems to be in no hurry to reach the peaks it left recently. No problem, we can wait...
HSBC: "outlook for GBP is not promising"
The UK multinational investment bank HSBC advised its clients to sell the pound in 2021.
TD Securities: sell euro, buy dollar
The leading Canadian investment bank TD Securities is going to sell the EUR and buy the USD in their trade of the week.
January 26: wanna grab some dollars?
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?
Did the US economy end the year with a bang?
The US will publish the advance GDP for the fourth quarter of 2020 on January 28, at 15:30 MT time.
GE: in a good position
As GE reports its earnings (today, 15:00 MT), we look into its fundamental and technical outlook... and find it a worthy buy.
