The USD loses its grip over currencies as lighter moods enter the market.
June 29: riskier spots
Investors are still indecisive between the second wave virus fears and smoother recovery hopes, so we have unsure shaky risk-on spots at a generally mixed market background.
The market sentiment deteriorated amid increasing virus cases in the USA and Australia. Gold, USD and JPY are gaining, while stocks and riskier assets are loosening.
Despite the rising number of the coronavirus cases in the United States, traders await an increase in ISM Services PMI and are quite optimistic.
Risk sentiment became off by the end of the week. Watch the video to explore the interesting patterns which present themselves on the charts!
Drawing trendlines is the key skill for every trader who wants to be successful. Watch the video to find out how to do it correctly!
Is trading EUR/USD different from trading GBP/JPY? How do currencies react to the news? How to trade with profit? In this video, FBS expert Elizabeth Belugina provides insights into the Forex market.