Latest news

US Census Bureau will publish monthly retail sales data. Analytics expect core retail sales to increase month-to-month, which is still a modest increase compared to July.

At 08:30 GMT+3, Federal Reserve Chair Jerome Powell will make a speech. The markets wait for information about tapering plans. Investors are pretty sure that the US Federal Reserve System will reduce its QE program sooner than expected due to strong numbers.

British pound is slowly plunging against strong USD after the UK’s second-quarter GDP report showing uncertainty in an interest rate rise until 2022.

Following a flash crash early last week, gold has managed to recover well, with demand coming back amid some anxiety in the marketplace.

Walmart and Home Depot will publish earnings reports today at 14:00 and 13:00 GMT+3 respectively, almost ending with earnings season.

Asian stocks fell Tuesday as concerns about the impact of the delta coronavirus variant on global growth eclipsed a record-breaking run in the S&P 500. The dollar and Treasuries rose.

Technical outlook

GBP/USD H4 chart

British Pound is in a range and has a chance to break through local minimums. If it plunges, the final support line will be 1.359

Support lines: 1.379, 1.3775 and 1.359

Resistance lines: 1.3880

XAU/USD 1H chart

There is a big chance for gold to plunge from the important 1800 line, so you can look for a short entry point here.

Support area: between 1770 and 1765.

Resistance area: between 1795 and 1800.

EUR/CHF Daily chart

Following last week’s plunge of the Swiss franc, the euro has started this week by falling sharply against it due to Delta’s impact on global economic growth.

Support lines: 1.072 and 1.067.

Resistance line: 1.0839.

Similar

12.02.2022 04:11

What will move the market on February 14-18?

Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!

29.01.2022 02:40

What will move the market on January 31-February 4?

The volatility that the markets experienced last week promises the second tidal wave! What should your favorite assets anticipate during the first week of February?

21.12.2021 00:00

The US Inflation Is in Focus Again

The United States will publish Core PCE Price Index on Thursday at 15:30 GMT+2.

20.12.2021 23:00

Final Opportunity for the CAD

Canada will post Retail Sales and Core Retail Sales on December 21, at 15:30 GMT+2.

13.12.2021 23:50

Bank of England’s Statement

The Bank of England will announce its policy statement on December 16, Thursday, at 14:00 GMT+2 (MetaTrader time). It will affect all the pairs with the British pound.

13.12.2021 23:30

Key Event for All Forex: Fed Statement

The US central bank, Federal Reserve, will announce its decision on further monetary policy on December 15 at 21:00 MT.

View all

Latest news

Technical outlook

Account opening