2021 begins there are hopeful signs that the markets will continue to recover
this year. A new US president is
promising a return to normalcy and the multi-billion US stimulus package is
expected to provide a modest boost to the economy very soon.
market trends are expected to continue well into 2021. Here are a few to look
January 20, Joseph Robinette Biden Jr. will be sworn in as the 46th president
of the United States.
analysts are predicting that his administration will bring more certainty and
stability to the global economy, and that’s good news for the markets. The
outlook is positive and Wall more…
The pair was testing the downtrend resistance, which occurred in August, but finally could not break it. During first trading week of the new month and quarter, the American currency was feeling pretty good as a whole. It is quite possible that the markets will show higher interest to the dollar again as soon as yield curve changes its shape. Market participants are becoming more confident in rate’s increase in December by Fed Reserve, thus, the attractiveness of the American assets is growing in comparison with Euro assets, where both rate rising question and QE ending remain open. Markets confidence was more…
The British pound has gained strongly since last Thursday, when the supporter of EU membership was murdered by Brexit fanatic. Bookmakers and traders increased their bets quickly thinking that Brits would not like to leave EU. Such estimation is close to reality so far, however, it is too early to talk about final turn. Probably, markets will experience several volatility splashes of British currency during the week.
For those who consider to aсquire the British currency or the country’s assets as a whole, the current rate of the British currency involves very appropriate momentum to buy it if the country stays in more…
Last 24 hours Euro is moving rather nervously. Yesterday, slipping back to 1.1320, the pair unexpectedly rallied up and managed to reach 1.1430 in the middle of the American session. By the end of the day Euro remained below 1.14 level, though today bulls made one more attempt to attack the price and the pair for some time has jumped up to 1.1450 – the highest level since October,15. But in a couple of hours again it was at 1.1350 level. If we look above those wild bounces we can easily notice that as a whole trading of EURUSD is going more…
Trading activity went quiet not getting news releases alongside with Eater holidays in banks, main market players. EURUSD is keeping moving at 1.1150 since Thursday. Though, during this period we did not have any significant macroeconomic data release. We can stress only the GDP 4th quarter increase. Yearly growth of GDP (quarter dynamics multiplied by four) reached 1.4% against the expected 1.0%. The nice surprise should not be considered that big if we take into consideration that the increase has occurred due to reassessment of personal consumer spending. For the time being this did not make any impact for Forex market. more…