Friday, 27 August 2021

S&P 500 to Stay Bid as Fed Decouples Taper, Rate Hike Risk

The S&P 500 looks poised to maintain its broader bullish trend with the Fed vowing to keep policy highly accommodative even though the pace of asset purchases will likely slow this year.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...