Will the pound get a boost?
BOE announces its interest rate on Thursday, at 14:00 MT time.
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USD: biggest weekly gain since October
The US dollar is heading towards its largest weekly increase since October amid the risk-off market sentiment. Whereas, global stocks are having their worst weekly drop in nearly three months.
What awaits EU economy in 2021?
IMF downgraded its projections for the Euro Area. Economists predict that the EU will get back to the pre-pandemic levels only by the end of 2022.
Bearish market on Thursday
What’s happening? S&P dropped, the AUD dropped, while USD/JPY skyrocketed!
A trigger for loonie’s breakout
Take the opportunity and follow the release of Canadian GDP on January 29, at 15:30 MT time!
Markets ahead Fed’s meeting
Read a short market wrap with daily recommendations on major pairs!
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.
Stocks surged at the start of the week
Jump in to get a short market wrap with fresh trade ideas!
USD strengthened as optimism waned
The market optimism waned amid stricter restrictions to control rising coronavirus infections. S&P 500 and Nasdaq dropped from the all-time highs, while the USD jumped higher.
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
Stocks up, USD down
S&P 500 skyrocketed to the all-time high on optimism that Biden’s fiscal stimulus will support economic growth and boost corporate earnings.
Lots and lots of PMIs on Friday
PMI reports from the EU, the UK, and the USA will be released during the day!