US stocks and oil slipped as Donald Trump threatened not to sign a long-awaited stimulus bill into law. The market sentiment had been already fragile, and Trump’s comments worsened it even more.
Tag - u.s.
According to Goldman Sachs, the stock rally will continue in 2021 as the global economy will regain pre-pandemic levels after the vaccine rollout.
Crédit Agricole expects the USD will continue falling, while the EUR will keep rising in the coming months.
This Wednesday the FOMC will give economic projections, which will have a huge impact on the Forex market.
The focus of traders’ attention shifted from concerns about the virus resurgence to hopes for a US stimulus package. As a result, the market sentiment improved, driving riskier currencies and stocks to the upside.
The Non-Farm payrolls are announced on Friday at 15:30 MT time.
News geeks get ready for the chain of US reports, which starts at 15:30 MT time on November 25!
The report will be out on Tuesday at 17:00 MT time!
Let’s see what this week will bring us! In this video we will discuss the key market events and make the fresh analysis of EUR/USD, AUD/USD, GBP/USD, and gold!
NFP will be out on Friday at 15:30 MT time! Are you ready?
US Election - the most expected event approaches. What will happen?
Gold is trading sideways around the $1 900 level, but Biden’s victory will drive it upwards.