Economic and fundamental developments 07-02-2022 US session

7 Feb 2022 04:41 PM
  • Equity markets in Europe and the US are higher amid low volatility. The prospect of several rate hikes from the Federal Reserve this year is still on traders’ minds.
  • The US dollar is moderately higher following the impressive US non-farm payrolls report last Friday, EUR/USD and GBP/USD are marginally lower.
  • Gold and silver are gaining ground even though the US dollar is higher today.
  • Christine Lagarde, the President of the European Central Bank (ECB), will deliver a speech later. Last week the ECB did not rule out the possibility of a rate hike in 2022.

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