Main market movements on August 19
The sentiment is indeed risk-on today! S&P 500 surged to the all-time high, and EUR/USD jumped to levels unseen since May of 2018. Let’s have a closer look.
Oil prices gap down on the negative economic concerns.
The global risk aversion drove the prices for WTI and Brent down.
The price for WTI has fallen below the weekly pivot at $56.23. The next key level lies at $53.47. If bulls take over the market, the price for WTI will rise above the $56.23 level to the next resistance at $60.08.
As for the price for Brent, it jumped below the $66.33 level. The first support for bears is placed at 63.47. On the flipside, if buyers are strong enough to break the $66.33 level, the next resistance will be placed at $69.86.
Similar
Main market movements on August 6
The market sentiment is indeed risk-on today. Stocks, riskier currencies and gold are rising amid the waning US dollar.
Risk-on is back. Market news and trade ideas on July 9
Riskier currencies and stocks are in favor of investors. Surprisingly, gold rallies too. Let’s have a closer look.
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The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!
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US Initial jobless claims will be announced on Thursday at 15:30 MT time.
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