EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!
Tag - eur
The market takes breath after the long rally. What opportunities do traders have today?
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.
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.
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 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.
The risk-on tone is back on the market again. Let’s look at main trading opportunities.
The market sentiment improved after the positive vaccine experiment. Stocks gained and EUR/USD surged, as well. Traders await the NFP report.
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!
The day has started with a stronger dollar, as bulls pushed USD/JPY higher.