The yield on 10-year Treasuries fell two basis points to 0.74%
GBP/USD tested the key resistance level at 1.33191.
Tag - eur
What drives the market on August 28?
The USD dipped down after the dovish Fed statement, while riskier currencies surged. Let's have a closer look.
August 28: dovish Fed statement
The Fed made a dovish statement yesterday. As a result, the US dollar dipped down, while riskier currencies and stocks significantly rose.
USD index ticks higher as US markets are little changed
Initial US jobless claims totaled just over 1 million for the week ending Aug. 22 down from 1.104 million in the previous week.
August 27: Heads up to the speech by the Fed Chair Powell
Today we anticipate the speech by the Fed Chair Jerome Powell during the Jackson Hole Symposium.
The positive sentiment in the US equity market continues
The risk-on mood in the US equity market continues, however there was a mixed picture in Asian equity markets this morning. All eyes on Powell's speech.
Main market movements on August 26
The stocks rally takes a pause amid the deteriorated sentiment. Let’s discuss what drives the market today.
August 26: USD steady
The session goes relatively quiet, with the USD going mostly steady - time to re-group. The oil price crossed $43, gold is approaching tactical support levels.
European stocks moved higher in the beginning of the session on Tuesday
EUR/USD has tested the hurdle at 1.18431 in today's session
How to trade on August 25?
The overall sentiment remains upbeat amid vaccine hopes and improved US-China relationships. Let's have a closer look.
August 25: S&P set record high
The overall sentiment remains upbeat amid vaccine hopes and improved US-China relationships. Follow the report of US consumer confidence at 17:00 MT time!
German IFO expectations for August
EUR/USD is gyrating the pivot point at 1.18078
