US unemployment claims fell to the pandemic low. Joe Biden will unveil a $6-trillion budget on Friday. In the meantime, Bitcoin was hit after negative comments from one of the central bankers.
After reaching key psychological levels, the gold price and the S&P 500 ceded some of the gains to cool down. However, they are still following bullish trajectories.
The gold price and the S&P 500 go beyond important psychological levels sharing bullish vibes across the markets. In the meantime, WTI oil trades at local highs, too, in the hopes of an upbeat outlook to come from the OPEC meeting next week.
EUR/USD jumped higher in line with an uptrend. S&P 500 also looks to test higher levels before the correction. Virgin Galactic, the stock for space tourism, is now available for trading with FBS. Watch the video, in which analyst Lixa Belugina discusses these and other topics!
The key levels for gold, oil, and the euro for May 24
While China is trying to cool off commodity markets and the US is tapering inflation, some stocks will see their earnings reports on Wednesday, and the NZD will have its interest rate released. Tune in!
EUR/USD and GBP/USD met resistance. Gold is consolidating after rising to 4-month highs. A sell idea for Brent oil. Technical levels for S&P 500. Watch the video to learn about these and other topics important for traders!
Daily market update for this Thursday
The US dollar is seeing a local plunge as the inflation concerns are infusing pessimistic vibes in the Forex market.
How to trade on May 18? Watch the video to know!
Last week the markets were shaken by the US inflation figures…
While most of the Forex market is relatively quiet, gold has finally made a breakthrough that may result to be an epic change of a long-term trend: we're discussing the technical view on that in detail.