The Australian unemployment rate will be released on August 13 at 4:30 MT time!
Market updates on August 20
- During the Tokyo trading session, there were no significant movers. Now we will continue to follow the news on Brexit after the comments by Boris Johnson that the UK will leave the European Union on October 31 either with or without a deal. Oh the H4, GBP/USD is testing the ground below the 50-period SMA at 1.2085. If this level is broken, the next support will lie at 1.2049. From the upside, the rise is limited by the 1.2106 level. After that, pay attention to the 100-period SMA and the 1.2140 level.
- The political tensions inside Europe will also attract our attention today, as Italian premier Giuseppe Conte will be speaking at the Senate at 16:00 MT, where he will address the country’s political crisis. In case of more uncertainties, the euro may get weaker. Pay attention to the support level at 1.1075. The next support will be placed at 1.1065. If bulls gets stronger, the first resistance will lie at 1.1088. After that, pay attention to 1.1106 level.
- USD/JPY is testing the support at 106.29. If the risk sentiment fades away, this level will be broken and the next support will lie at the 50-day SMA at 105.96. From the upside, pay attention to the resistance levels at 106.62 and 106.74. After that, the rise may be limited by the 106.95 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?