The market takes breath after the long rally. What opportunities do traders have today?
|This is the third and final release of American Q3 GDP growth. The publication will take place at 15:30 MT time on December 21.|
|So far, the data showed that the US economy has been in a good shape. A confirmation of that will be bullish for USD. On the contrary, if the reading is revised down, American currency will find itself under negative pressure. Watch this release as it will have an impact on USD pairs.|
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.
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.
Congratulations! Gold has just opened a new era... or, rather, reopened...