The market sentiment deteriorated amid increasing virus cases in the USA and Australia. Investors prefer safe-haven assets like gold, the US dollar and the Japanese yen.
Tag - aud - australian dollar
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.
The Reserve Bank of Australia will publish its statement and announce the interest rate on July 7, at 7:30 MT time.
Risk-on pushed stocks and riskier currencies upward.
The overall market sentiment was mixed after the USA recorded the largest increase in virus cases since May 9. The data even offset the better-than-expected NFP.
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!
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 as the USA and some other countries are suffering from the new virus resurgence. Investors worry that the economic reopening may be delayed.
The USD lost it's value across the board as the market got risk-on mood back; at the same time, gold climbed to $1,770 paving the way to $1,800.