How to trade on May 18? Watch the video to know!
Tag - gold
EUR/USD is recovering after the enormous slump on Monday. Follow US Retail Sales at 15:30 MT time!
Latest Forex news and fresh technical analysis! Watch the video to get trade ideas for EUR/USD, GBP/USD, USD/CAD, and XAU/USD!
Oil has dropped to the lows unseen since late May, while gold has reversed up from a dip under $1,800.
The New Zealand dollar surged after the nation’s inflation surpassed the central bank’s target level.
Hong Kong stock index extended a decline sparked by China’s tech crackdown. Tesla posted better-than-expected results. Jump in!
The overall market sentiment is risk-on. The S&P 500 index (US 500) is getting close to the all-time high. Oil is recovering quickly from its recent losses.
Today the Fed will make a policy statement at 21:00 GMT+3. This event will affect all the currency pairs with the USD and thus almost the all Forex market!
The Federal Reserve signaled that it’s not in a hurry to taper monetary stimulus, and the USD weakened. Now traders are awaiting the release of the US GDP at 15:30 GMT+3.
The USD continues dipping, while the GBP is rising on hopes for the Brexit deal done today.
The market sentiment deteriorated as the new Covid-19 variant engulfed the UK. As a result, riskier assets such as S&P 500, oil, the AUD, the NZD dropped.
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.