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.
Tag - trading the news
The market is resilient ahead of the speeches of Fed’s Powell and ECB President Lagarde, but there are still interesting movements.
EU Flash Manufacturing & Services PMI will come out on Friday at 11:00 MT time!
The market sentiment has switched to risk-on, driving upwards stocks and riskier currencies and weighing on the US dollar.
Australian Private Capital Expenditure will be out on Thursday at 2:30 MT time!
News geeks get ready for the chain of US reports, which starts at 15:30 MT time on November 25!
The Fed made a dovish statement yesterday. As a result, the US dollar dipped down, while riskier currencies and stocks significantly rose.
This Wednesday the FOMC will give economic projections, which will have a huge impact on the Forex market.
Follow Canadian core retail sales on September 18 at 15:30 MT time!
Services and Manufacturing PMIs are out on Wednesday at 11:30 MT time.
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.
The US dollar continues climbing up, while the euro and the pound are dipping. Let’s have a closer look.