The market is mixed this Wednesday, with the AUD and the NZD tipping out on their recent bullish advances, oil consolidating at the local resistance level, and gold getting back to an upward trajectory.
The British pound is going up, while gold is correcting
The week started with a poor data from Japan. Stocks rally, WTI oil price is above $30, gold is headed to 1800.
The week is ending quiet, but pretty heavy. The gold price stabilizes at a higher plateau.
What is moving the session
Traders await the speech of the Fed's Chair Jerome Powell. The USD is under pressure. Watch the video to get the outlook for the major currencies today!
Investors are weighing in the potential of the second wave of the virus hit, the movement across the Forex market is relatively cautious.
NFP will be released at 15.30 MT time. What is the forecast?
The market is submerged into an overall risk-off mood, with the AUD getting strong on recovering China and the GBP boosted by the BOE announcements, while the USD and the EUR are weak.
The Fed and the ECB planning to expand the economic stimulus package make the USD and the EUR lose value.
Watch the video to find out how to trade the USD!
The risk sentiment remains positive, but for how long?