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Stocks are mostly lower today, with the real action in the markets again happening in the USD. The U.S. currency extended losses at the start of the new month to trade at its lowest since May 2018.
Markets gear up for Tesla and Apple whose stocks will split on Monday, but investors still keep their eye on COVID-19 developments. Here's a technical analysis of AUD/USD, USD/CAD and USD/JPY.
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.
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.
The overall sentiment remains upbeat amid vaccine hopes and improved US-China relationships. Let's have a closer look.
The overall sentiment remains upbeat amid vaccine hopes and improved US-China relationships. Follow the report of US consumer confidence at 17:00 MT time!
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 market focus today will be on politics, with the attempt in the United States to get a new fiscal policy package and the relations with China.
The market sentiment has switched to risk-on today as US-China relationships are getting better. The US dollar is dipping down, while riskier assets are rising.
Risk-on is back on the market. The US dollar is dipping down, while riskier currencies and stocks are rising.