Risk-on is back on the market. Riskier currencies and stocks are in favor. Gold is rising too as investors try to hedge.
Riskier currencies and stocks are in favor of investors. Surprisingly, gold rallies too. Let’s have a closer look.
Canada will publish the employment change and the unemployment rate on July 10, at 15:30 MT time.
The market takes breath after the long rally. What opportunities do traders have today?
The United States will publish a weekly update on unemployment claims on July 9, at 15:30 MT time.
The market sentiment deteriorated amid increasing virus cases in the USA and Australia. Investors prefer safe-haven assets like gold, the US dollar and the Japanese yen.
The Reserve Bank of Australia will publish its statement and announce the interest rate on July 7, at 7:30 MT time.
The overall market sentiment was mixed after the USA recorded the largest increase in virus cases since May 9. The data even offset the better-than-expected NFP.
The risk-on tone is back on the market again. Let’s look at main trading opportunities.
The market sentiment is mixed. Let’s look at most interesting movements on the market today.
Non-Farm Payrolls data will be released on Thursday at 15:30 MT time.
The European unemployment rate will be announced on Thursday at 12:00 MT time.