EUR/JPY: on the way up
EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!
Tag - eur
What drives the market on July 8?
The market takes breath after the long rally. What opportunities do traders have today?
July 7: gold is moving up to $1 800
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.
How to trade on July 7?
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.
USD: risk is making its way in?
Investors want to trade riskier, and dire economic and virus background doesn't stop that. The USD will testify.
July 6: hopeful traders sell USD
Despite the rising number of the coronavirus cases in the United States, traders await an increase in ISM Services PMI and are quite optimistic.
What will affect markets on July 3?
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.
July 3: still mixed
The NFP brought good figures last Thursday, but the spike of infections in the US keeps suppressing the risky momentum.
How to trade on July 2?
The risk-on tone is back on the market again. Let’s look at main trading opportunities.
July 2: markets ahead NFP
The market sentiment improved after the positive vaccine experiment. Stocks gained and EUR/USD surged, as well. Traders await the NFP report.
July 1: market is fighting uncertainty
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!
June 30: heads up to the Fed chair testimony
The day has started with a stronger dollar, as bulls pushed USD/JPY higher.
