Watch these 3 markets today!
3 big markets events are scheduled for today. Investors should expect elevated volatility and be on guard in the afternoon!
ECB (conference 1:30pm GMT)
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Open account Try demo Download mobile app Download mobile appEURUSD - the Bank is under pressure to act again. In theory, further easing could weaken the euro but the Bank failed to make an impact at the previous meeting and is virtually out of ammo.
EURUSD dropped on the back of risk-off moods and is looking towards monthly lows in the 1.17 area. Will the ECB make an impact this time? Source: xStation5
US GDP (12:30 pm GMT)
US500 - US GDP report will confirm a rapid pace of rebound in the Q3 2020. However, will it be enough to cheer investors' moods, when we already know that the next stimulus bill is not coming anytime soon?
US500 is on track to erase all 2020 gains and flat on the year once again. US GDP report could offer a glimmer of hope but will it last for long?
Big Tech earnings (after Wall Street close 10:00pm GMT)
US100 - Apple, Amazon, Alphabet and Facebook will report earnings today after market close. These four companies make up a big part of the Nasdaq and S&P 500 indices and their reports will be important market drivers today and tomorrow.
US100 erased over 60% of recent gains and trades not far from support at 11,000 pts. Source: xStation5
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