The market sentiment is mixed, but still, there are some interesting movements. Let’s have a closer look.
Tag - trading the news
The US dollar continues climbing up, while the euro and the pound are dipping. Let’s have a closer look.
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 US dollar continues edging higher, pushing riskier currencies and gold to the downside. Read the article to get fresh trading ideas!
RBA Rate Statement is on Tuesday at 07:30 MT time.
The USD dipped down after the dovish Fed statement, while riskier currencies surged. Let's have a closer look.
The Fed made a dovish statement yesterday. As a result, the US dollar dipped down, while riskier currencies and stocks significantly rose.
Follow the Australian private capital expenditure report on August 27 at 4:30 MT time!
US unemployment claims and GDP will be released on August 27 at 15:30 MT time!
The stocks rally takes a pause amid the deteriorated sentiment. Let’s discuss what drives the market today.
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!
The coalition of Pfizer and BioNTech have announced that the regulatory review of the Covid-19 vaccine is scheduled for October. This positive news may add some tailwinds to the Pfizer stock.