What you need to know on Tuesday, August 20
Publish Date : 2019/08/20 - 07:21

What you need to know on Tuesday, August 20:

Market waits toward Fed Chair Powell’s speech on Friday. President Donald Trump ask Fed to cut rates at least 100 basis points and also introduce QE programs.

AUD/USD is higher after Reserve Bank of Australia meeting.

UK PM Boris Johnson urged for renegotiation of Irish Backstop plan but Donald Tusk, European Council President, rejected his request.

Cryptocurrencies are on the back foot after rising on Monday.

Gold is bearish and traded below $1500 amid optimism toward trade talks.

There is no special event in economic calendar for Tuesday, so political events are in focus.

Source: Fxstreet

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