Optimism faded, gold surged
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Economy
Key information updates for profitable trading
Information is not investment advice
Vaccine news improved sentiment
There are three main market drivers these days: vaccine, Brexit, and US stimulus package.
All eyes on Bank of England
The BOE will announce its monetary policy and rate decision on Thursday at 14:00 MT time.
What to expect from FOMC?
This Wednesday the FOMC will give economic projections, which will have a huge impact on the Forex market.
Busy day ahead! Get ready with us!
The ECB statement and US unemployment claims will be out today. How the market will react?
ECB: packing presents for the euro traders
The European Central Bank will publish the last statement of the year on December 10, at 14:45 MT time.
Risk-on is back
The focus of traders’ attention shifted from concerns about the virus resurgence to hopes for a US stimulus package. As a result, the market sentiment improved, driving riskier currencies and stocks to the upside.
Fears over no-deal Brexit pushed GBP down
All attention on the market is on the Brexit process. Fears over the no-deal Brexit pushed the British pound deep down yesterday after UK Prime Minister Boris Johnson claimed he was ready to abandon negotiations.
What does the Bank of Canada think about the CAD?
The Bank of Canada (BOC) will release the rate statement with an update on the interest rate on December 9, at 17:00 MT time.
The NFP Friday is coming!
The Non-Farm payrolls are announced on Friday at 15:30 MT time.
Important releases for the USD
The United States will publish its PPI and core PPI on December 11, at 15:30 MT time.
Strong EUR vs weak USD
S&P 500 takes a pause near the all-time high, while the US dollar remains at the lowest levels since 2018.