What moves the market this Friday?
Fresh Market Analysis
Information is not investment advice
EUR/USD has dropped sharply to the low unseen since July 2020. The reason was the higher-than-expected US inflation figures that shocked investors as the annual Inflation Rate rocketed to the 31-year high of 6.2%.
Elon Musk has lost $50 billion in a day due to the Tesla plunge, Bitcoin is in consolidation and we know its next move, gold is reacting to the $1830 level. Check our daily trading video to get the best from this trading session!
Watch the video to know the latest news and get the tech analysis!
The whole market is waiting for the US job data…
The Federal Reserve announced tapering of its monthly bond purchases…
Activision Blizzard had better than expected earnings report, but it didn't help the company to hold its levels. Tether has printed $1 billion after a long period of silence. What else the market has prepared?
Watch the daily trading plan to know the latest market news!
The US dollar strengthening presses gold…
The US dollar plunged sharply yesterday after a set of weak economic data. GDP dropped to 2.0% while the forecast was 2.6%. The previous GDP growth was 6.7%.
The Bank of Canada ended its bond-buying stimulus program and accelerated the potential timing of future interest rate increases. Traders await the ECB meeting and the release of lower than expected US advance GDP growth.
Gold strengthens as inflation concerns keep rising…