The USD is going to be in the spotlight again this week as the Federal Reserve will hold a meeting on Wednesday, which could be a big mover! Gold has plunged amid the stronger US dollar as investors await the Fed’s meeting this week.
Tag - gbp
Latest Forex news and fresh technical analysis! Watch the video to get trade ideas for EUR/USD, GBP/USD, USD/CAD, and XAU/USD!
News for the USD, the GBP, the Australian dollar, and some other assets
OPEC+ nations decided to stick to gradual production increases and gave a positive outlook for oil demand. Brent rose to the highest levels since 2019 on Tuesday.
Chinese figures weren't too impressive. It's a bank holiday in the United States and Britain. Watch the video to get trade ideas for EUR/USD, GBP/USD, USD/JPY, XAU/USD, and oil!
US unemployment claims fell to the pandemic low. Joe Biden will unveil a $6-trillion budget on Friday. In the meantime, Bitcoin was hit after negative comments from one of the central bankers.
EUR/USD and GBP/USD met resistance. Gold is consolidating after rising to 4-month highs. A sell idea for Brent oil. Technical levels for S&P 500. Watch the video to learn about these and other topics important for traders!
Last week the markets were shaken by the US inflation figures…
US inflation rose to a 13-year high making the USD rise…
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.
Discover the outlook for EUR/USD, EUR/GBP, and GBP/USD.
Bank of England will make a policy statement on Thursday at 14:00 MT (GMT+3). It’s widely expected that the bank may taper its quantitative easing programme, by cutting asset purchases.