The next week may definitely be called Australian due to the huge amount of economic releases.
Tag - aud - australian dollar
EUR/USD tested lower levels as risk sentiment worsened and traders looked forward to the ECB meeting. Watch the video to get trade ideas!
We are long used to see Forex as the USD's dominion. Is that going to change soon?
Risk sentiment became off by the end of the week. Watch the video to explore the interesting patterns which present themselves on the charts!
The USD loses its grip over currencies as lighter moods enter the market.
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.
What is going to move the market this week?
Investors want to trade riskier, and dire economic and virus background doesn't stop that. The USD will testify.
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-on pushed stocks and riskier currencies upward.
The NFP brought good figures last Thursday, but the spike of infections in the US keeps suppressing the risky momentum.
Concerns about the coronavirus clash with hopes of recovery. Traders await the US jobs data. Watch the video to find out what this means for the major pairs!