The market sentiment switched to risk-off after the Fed’s Powell statement. The USD edged higher, while risker assets started falling after reaching quite high levels. Let’s have a closer look.
Tag - eur
EUR/JPY rebounded from the 123.00 level on the H4. The pair formed a “piercing line” pattern.
The overall market sentiment is mixed as investors await the Federal Reserve’s statement today at the evening.
The USD has stopped its depreciation against riskier assets... for a while.
The USD has finally tried to strengthen versus other major currencies…
Is the USD going to lose its badge of a primary safe-haven currency? In the coming months, very possibly.
Gold is eyeing $2 000, the EUR has reached 1.70 and other interesting market movements.
The worsening Sino-American relations and the still-there virus in the US finally pushed gold to its all-time highs and got the USD under heavy pressure across the board.
Thanks to the deterioration of the Sino-American relations, the JPY, the USD, and gold are rising while the rest go down.
The pair slightly contracted after reaching the highest level since 2018. What’s next?
The EU leaders agreed on a recovery fund and Oxford University has created a coronavirus vaccine. How will this news influence the market today? Watch the video to find out!
How to trade on July 21?