US Economy crushed by COVID-19 lockdowns in Q2

US Economy crushed by COVID-19 lockdowns in Q2

2020-07-31 • Updated

1.png

GBPUSDM30 (002).png

2.png

USDJPYM30 (002).png

Ichimoku Kinko Hyo

EUR/JPY: After successfully breached the Kijun-Sen, the pair is trading above the Kumo confirming a bullish momentum.

EURJPYM30 (002).png

Fibonacci Levels

XAU/USD: Gold is trading above the 23.6% retracement area of Fibonacci retracement levels. Bulls might attempt to reach the next resistance level at 38.2%.

XAUUSDM30 (002).png

US Market View

US Economy crushed by COVID-19 lockdowns in 2nd quarter

In the United States, the economy was contracted by (worst-ever) 32.9% in the second quarter in 2020, crushed by COVID-19 lockdowns in 2nd quarter.

US stock futures drop on Thursday after grim GDP report, worsening jobless claims.

The Labor Department data released the number of people filed for unemployment benefits in the past week. The figure exceeded one million.

US Key Point

  • US economy contracted by worst-ever 32.9%
  • US jobless claims top 1 million again

Similar

Gold & Silver Continue to Fly

US stocks are set to weaken at the open today, consolidating after gains in the previous session, with investors wary amid few signs of progress over the next virus relief bill.

Latest news

NFP Number Will Drive Markets

US stocks are set to open lower Friday, with investors worry over rising tensions between the US and China, deadlock over the next virus relief bill and possible disappointments from the key monthly employment report.

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera