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.