Fed's chair will make the monetary policy statement. Investors will mainly focus on the Fed’s new average inflation targeting regime and economic guidelines.
Tag - gbp
Initial US jobless claims totaled just over 1 million for the week ending Aug. 22 down from 1.104 million in the previous week.
The risk-on mood in the US equity market continues, however there was a mixed picture in Asian equity markets this morning. All eyes on Powell's speech.
Stock futures rose in the beginning of the week, setting stocks up to add to last week’s record levels as markets reacted to positive developments over the COVID19 treatment.
The British pound outperformed the euro and the US dollar after the better-than-expected PMI. However, Brexit deadlock pushed the GBP down.
New COVID-19 cases globally have been on the rise lately, although it is too early to call them second waves in most countries.
With the pandemic claiming about 1000 lives a day in the United States, many departments said they lack the money and the staff to identify people who have been exposed, according to a survey of a 121 local agencies.
Everything you need to know for the first week of August
The Bank of England is expected to keep its monetary policy unchanged this Thursday.
US cases jump by 67.000, US agrees to pay Sanofi and GSK 2.1 billion dollars for 100 million doses of coronavirus vaccine.
Gold gains more than 1% against the US dollar and currently trading at 1976. Intraday it reached up to 1980 which is a new record for the precious metal.
The moves of the main pairs