Don’t waste your time – keep track of how NFP affects the US dollar!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
Warning! Old version of the browser!
Press one of the icons below to proceed to the official website of the developer and download the latest version of your browser.
Online Forex broker
Information is not investment advice
Let’s see what’s moving the market today in different countries.
Yesterday after the release of the poor retail data the US dollar price went up due to its safe-heaven status. EUR/USD, GBP/USD, AUD/USD – all dropped. Retail sales slumped by 8.7%, while only 8% decline was anticipated. It is the largest decrease in history. For comparison, this indicator fell by 2.8% during the crisis of 2008. That means that the coronavirus damage is terribly profound and long-standing.
Apple released the new IPhone SE, its first low-cost device for four years. And, by that, the company proved that it is still sustainable even amid the coronavirus and its factories in China are back to work. Perhaps the Apple’s stock will continue its steady way up.
Most economists believe the Chinese gross domestic product data will show tomorrow its historic decline by 6.2%, while others think it may fall even by 11%. Also, retails sales and industrial output data will be reported too. So, we can see the full picture happening in China.
German Chancellor Angela Merkel declared that the country starts to come back to the normal life. She will allow to reopen some small shops next week and schools - in May. Germany car giants will soon start working too. However, some restrictions will still take place as crowded events will be banned and restaurants, bars and gyms will remain closed. However, the Germany’s economy is still struggling from the virus damage. According to the economy ministry, the recession will last until summer, but it will rebound in the second half of the year.
The overall market sentiment is mixed as new virus cases continue rising throughout the world, but most economic indicators came out better than analysts expected. Let’s look at the main market movements.
The market sentiment switched to risk-off after the Fed’s Powell statement. The USD edged higher, while risker assets started falling after reaching quite high levels. Let’s have a closer look.
The overall market sentiment is mixed as investors await the Federal Reserve’s statement today at the evening.
The RBA will make a rate statement on August 4 at 7:30 MT time.
The overall market sentiment is mixed as new virus cases continue rising throughout the world, but most economic indicators came out better than analysts expected. Let’s look at the main market movements.
The market sentiment switched to risk-off after the Fed’s Powell statement. The USD edged higher, while risker assets started falling after reaching quite high levels. Let’s have a closer look.
