The Australian unemployment rate will be released on August 13 at 4:30 MT time!
Attention: risk sentiment is off
During the European trading session, both the US and the UK yield curves inverted. This is the sign of the recession. It pulled the risk-weighted assets down and increased the demand for the Japanese yen.
- USD/JPY has tested the ground below the 50-period SMA on H4. The pair has touched the support at 105.8. If this level is broken, the next support will lie at 105.52. From the upside, the resistance levels at 106.62 and 106.74 are in focus.
- USD/CAD has been among gainers. The pair has touched the 1.33 level, which lies close to the crossover of 100- and 200- period SMA on the daily chart. If this level is broken, the next resistance will be placed at 1.3338. If the Canadian dollar strengthens, bears will try to pull it back towards the 50-period SMA at the 1.3196 level.
The US dollar edged higher, while gold dipped down. Let’s discuss main news and market movements in detail.
The market sentiment improved after the USA reported some decreasing in coronavirus hospitalizations. Gold dropped below $2 000 and the US dollar dipped down, while stocks surged. Let’s have a closer look.
Follow the report on August 14 at 15:30 MT time!
The market sentiment switched to risk-on. The US dollar is dipping down, while riskier assets are rising, especially the Australian dollar after the positive employment data. All eyes on US unemployment claims.
Everyone is talking about a stock split of Tesla. What is it?