The market sentiment improved amid the slowdown in virus cases. Let's have a closer look at the AUD, S&P 500, gold and the GBP.
Tag - australia
The current slowdown in new virus cases in the USA improved the market sentiment. Sino-American tensions are escalating. Let's have a closer look at the AUD, S&P 500, gold and the GBP.
The next week may definitely be called Australian due to the huge amount of economic releases.
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.
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 US-China trade deal and upcoming PMI are in focus of traders' attention.
The fresh data from New Zealand and Australia will be released tomorrow morning! Follow up!
The Australian dollar set a strong upward trend over a month. Will AUD loose its gains soon?
AUD has a pause on the way up as 600,000 people lost jobs. Is it a short-term correction or change of a course?
Main movements on the market: risk-off mood strengthened USD, AUD dropped on China’s imports’ ban and Saudi Arabia cut oil production.
The Australian NAB Business Confidence indicator will be announced at 02:30 MT time on Tuesday.