Tag - eur

US inflation rose to a 13-year high making the USD rise…

The global economic recovery led to higher inflation which in turn is believed to cause the recent plunge in the US and Asian stock markets.

While the GBP is preparing to see some news from the Bank of England and the political circles, the market is rather quiet and indecisive today - let's see the trends around.

Wacth the video to get the full market wrap!

Discover the outlook for EUR/USD, EUR/GBP, and GBP/USD.

It's a very interesting week: the reports of the Australian central bank and Bank of England will be out, also NFP will be released on Friday! 

While we're preparing for the Marathon next week, see what's cooking in the Forex market!

The USA will publish its Advance GDP growth at 15:30 MT (GMT+3). If the data is really stronger-than-expected, the USD will get another stimulus to rise and EUR/USD will fall.

Microsoft and Google have published strong earnings data. The main focus of traders is on the Fed meeting today.

OPEC+ moved its meeting to today to hold a teleconference; that meeting will define the course of WTI oil price in the mid-term and shed light on the outlook for the global oil demand.

Joe Biden proposed almost doubling the capital gain tax for wealthy investors. S&P 500 lost 1.2% on the news, and BTC fell below $50000. This and other news in the FBS trading plan for April 23!

EUR/USD is moving sideways ahead of the ECB meeting. USD/CAD dropped after the hawkish action of the Bank of Canada. The earnings season is underway!