While the giant ship is stuck in Suez blocking the route for 12% of global trade, Joe Biden is about to reveal his entire spending plan, and China is coming with more retaliatory measures on the human-rights question of Xinjiang.
Information is not investment advice
The massive ship blocked the Suez Canal and caused swings in oil prices…
The risk sentiment in the market turns red after more European countries impose new measures to curb surging Covid cases
The Turkish lira hugely dropped today, which pushed USD/TRY up to highs unseen since November 2020.
Will the US dollar be able to keep strengthening? What is the outlook for EUR/USD, oil, and S&P 500? Watch the weekly video to find out!
Ris sentiment turned red - check the charts!
All eyes today are on the FOMC meeting: will the Federal Reserve ease traders' concerns about the increasing inflation or not? How can this influence EUR/USD, USD/JPY, gold, and S&P500? Watch the video to find out!
The Forex market is volatile and a bit indecisive this Tuesday but we have the S&P finally opening the way to 4000 as it managed to cross the resistance of 3960!
So many meetings are going to move the currencies!
Yesterday, S&P surged to the all-time high of 3960, driven by Biden’s $1.9 trillion relief bill. Today the stock index has taken a break. Meanwhile, the US dollar is edging higher today, pressing down its peers.
What you need to know this Thursday
It's mostly corrections in the Forex market today - let's check it out together; we'll review gold, USD, EUR, GBP, oil, and Tesla!