The US-China relations become more tensed pushing the USD gain value against the rest of the currencies; JPY loses, gold and oil indecisive.
Tag - eur
Worries about tensions between the United States and China have pushed the USD up versus the EUR, the GBP, and the AUD…
The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.
There’s still scope EUR/JPY to rise towards the 118.70/119.85 area, where a reversal to the downside should take place.
The market is mixed this Wednesday, with the AUD and the NZD tipping out on their recent bullish advances, oil consolidating at the local resistance level, and gold getting back to an upward trajectory.
Euro Area Flash Manufacturing PMI will be released on Friday at 11:00 MT time.
How did Merkel push EUR up? What company will first make a vaccine? How long will oil rise? You’ll find all answers in the article!
The recent initiative for a $546-bln financial aid package in the Eurozone made the EUR/USD break local resistance. How much fuel does it have?
The coronavirus has changed everything. When analysts gave forecasts for 2020 at the end of last year, no one could foresee that the whole world would be seized by the pandemic.
Oil and gold are rising, the currency market is mixed - watch the new weekly outlook to see what's moving!
The week is ending quiet, but pretty heavy. The gold price stabilizes at a higher plateau.
What is moving the session