Donald Trump is edging towards opening the economy, Australian consumer confidence dropped to 30-year lows and traders await news from the Bank of Canada…
This Tuesday gives an interesting Forex market layout with a weak USD, strong GBP, disappointed oil, and skyrocketing gold price.
The coronavirus, the oil deal and the upcoming economic data releases will move the market. Watch the video to find out how to use these topics in trading!
Get ready for the Easter Monday trades!
OPEC+ is almost done with the big output cut, but the oil price doesn't like it enough.
Most of the currency pairs are in a consolidation, oil is waiting for the OPEC+ deal.
Middle of the week, no big news, USD slightly up, GBP prone to weakness as the British PM still in ICU
The virus situation keeps improving slowly but steadily; nevertheless, investors are still concerned with the larger scope of economic consequences: USD slides down, JPY weak, gold rises.
The coronavirus, the shocking levels of the key economic indicators and the OPEC+ meeting are at the center of this report.
The week starts with weaker JPY and GBP, USD stays strong, gold rises to $1,620, and oil hopes for OPEC+ supply cut resolution.
Global coronavirus cases have surpassed 1 million, US unemployment claims have doubled, oil has soared, and NFP will come out in a few hours. Watch the video and learn more about the market!
USD is almost the only currency showing confidence in Forex on April 2, currencies of developing economies losing ground, WTI oil slightly up from $20