The US dollar is edging higher, driven by the better-than-expected Manufacturing PMI.
Tag - stocks market
The US dollar gained after the Fed’s report, while riskier assets dropped. Let’s have a closer look.
The market sentiment is mixed, but there are still interesting movements on the market.
The market is resilient ahead of the speeches of Fed’s Powell and ECB President Lagarde, but there are still interesting movements.
The US dollar turned to the upside on Monday. Let's discuss what to expect next from the market.
Optimistic vaccine news improved market sentiment. Stocks and riskier assets are rising, while the US dollar is dipping down. Let’s have a closer look.
The market sentiment has switched to risk-on, driving upwards stocks and riskier currencies and weighing on the US dollar.
The US dollar has started the week on the positive footing after the upbeat Friday’s NFP. However, later on, it lost some of its gains as the US stocks reversed from huge losses.
The Fed made a dovish statement yesterday. As a result, the US dollar dipped down, while riskier currencies and stocks significantly rose.
Watch the video to get the fresh trading tips for EUR/USD, AUD/USD, S&P 500 and gold!
Chinese stocks were pressed by the US plans to kick them off US stock exchanges. Alibaba has already plunged by 4% in pre-market hours.
Read the daily report to get the full market wrap!