The USD keeps reigning in the Forex as the US infections are far from being managed while the EUR is pushed by hopes of the recovery fund; oil is revolving around $40 and gold is trying to claim higher grounds above $1 800!
The market sentiment is mixed as investors are weighing on additional government support measures amid increasing virus cases throughout the world.
The European central bank will publish the main refinancing rate and make a statement on Thursday, July 16, at 14:45 MT time. Also, the ECB’s press conference will be later at 15:30 MT time.
Optimism about the Moderna vaccine improved the market sentiment. Let’s have a closer look, what’s happening today.
The pair approaches the significant resistance at 61.8% Fibo level. Look for the breakout!
The pair failed to move in one direction for more than two days in three weeks. How to trade it?
Riskier currencies and stocks are in favor of investors. Surprisingly, gold rallies too. Let’s have a closer look.
Almost all currencies have loosened against the greenback today, but the GBP keeps rallying. How is it possible?
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.
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 European unemployment rate will be announced on Thursday at 12:00 MT time.
Does the pair still have the potential to the upside?
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!
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