|06:00||United Kingdom||Average earnings ex bonuses, 3 m/y||April||2.7%||1.9%||1.7%|
|06:00||United Kingdom||Average Earnings, 3m/y||April||2.4%||1.4%||1%|
|06:00||United Kingdom||ILO Unemployment Rate||April||3.9%||4.7%||3.9%|
|06:00||United Kingdom||Claimant count||May||1032.7||400||528.9|
|08:00||France||IEA Oil Market Report|
|09:00||Eurozone||ZEW Economic Sentiment||June||46||58.6|
|09:00||Germany||ZEW Survey - Economic Sentiment||June||51||60||63.4|
USD was little changed and mixed against its major rivals in the European session on Tuesday as risk appetite improved after the Fed announced plans to start buying individual corporate bonds, while concerns for the second wave of global coronavirus infections faded.
The U.S. currency fell against GBP and CHF, rose against EUR and NZD, and changed little against CAD, AUD and JPY.
The U.S. Dollar Index (DXY), measuring the U.S. currency's value relative to a basket of foreign currencies, edged up 0.02% to 96.72.
On Monday, the Fed said it is to begin buying corporate bonds on Tuesday. The central bank will purchase the bonds under its Secondary Market Corporate Credit Facility (SMCCF), an emergency lending program, using an indexed approach. This move builds on the Fed's purchase of corporate bond ETFs, which started in May.
Market participants await the testimony of the Fed's Chairman Jerome Powell before the U.S. Senate Banking Committee, set to begin at 14:00 GMT. It is expected that Powell may address the Fed's latest corporate bond tailwind as well as the central bank's broader estimate of a 6.5% contraction for the U.S. economy this year.
An additional support to the market was provided by Bloomberg's report that the U.S. President Donald Trump’s administration was considering a nearly $1 trillion infrastructure proposal to boost the domestic economy.
Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.
© 2011-2020 TeleTrade-DJ International Consulting Ltd
TeleTrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.
The company operates in accordance with Markets in Financial Instruments Directive (MiFID).
The content on this website is for information purposes only. All the services and information provided have been obtained from sources deemed to be reliable. TeleTrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.
TeleTrade cooperates exclusively with regulated financial institutions for the safekeeping of clients' funds. Please see the entire list of banks and payment service providers entrusted with the handling of clients' funds.
TeleTrade-DJ International Consulting Ltd currently provides its services on a cross-border basis, within EEA states (except Belgium) under the MiFID passporting regime, and in selected 3rd countries. TeleTrade does not provide its services to residents or nationals of the USA.