Reasons behind the USD's advance, the earnings season in the United States, the outlook for EUR, JPY, Apple, Amazon, and more in this video!
EUR/USD: forecast for August 7-11
Data confirmed that the euro area’s economy expanded by 0.6% in the second quarter – an indication that the region’s economic recovery is becoming sustainable. Other figures from the area have also been bright so far. The expectations that the European Central Bank will announce reduction in its quantitative easing program in autumn are getting stronger and stronger.
This week, we will continue monitoring the developments in the stock and commodity markets as tensions between Ukraine and Russia and Fed’s tightening cycle remain the main issues driving the markets.
Check the big and important update for Forex and commodities' traders
More reports, the start of a rally in crypto, outlook for gold and forex. This week is full of impactful releases, and we are here to trade on them.
Gold is about to break the most significant support. The US dollar index keeps gaining momentum. However, the situation might change this week, and we might see a tiny correction. Investors might return to risk-on and push the US stock market indices and cryptocurrencies to the upside. These and more trade ideas are in our new weekly video! Do not miss it!
This week is likely to be pivotal for many assets, including gold, USD, and several stocks. However, we need to be focused and react fast to the ever-changing environment to get the most from it.