Weekly Market Outlook: August 3-7
Everything you need to know for the first week of August
Tag - gbp
August 3: USD fights back... a bit
The oversold dollar has gained versus the major currencies, but will it be able to keep on? Watch the video to find out!
Main market movements on July 31
The overall market sentiment is mixed as new virus cases continue rising throughout the world, but most economic indicators came out better than analysts expected. Let’s look at the main market movements.
July 31: S&P 500 surged after positive earnings reports
EUR/USD is surging despite the worse-than-expected German GDP, gold is approaching the all-time high and GBP/USD is edging up for the 11th day in a row.
July 29: USD's timeout
The USD has stopped its depreciation against riskier assets... for a while.
July 28: some joy for the USD
The USD has finally tried to strengthen versus other major currencies…
GBP/USD is eyeing 1.30
The British pound is climbing up for the 7th day in a row. Will it keep rallying?
July 27: gold at the all-time highs
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.
GBP: two factors
GBP/USD seems to be bouncing downwards. Where will that end?
July 22: risk appetite boosted
EUR/USD surged to highest level unseen since January 6, 2019. Nasdaq surged to the record high at 10 860. Check out the video to get more trade ideas about gold, the S&P 500 and the GBP!
Latest forex news on July 22
The market is really bullish today. Let’s have a closer look.
July 21: good news for S&P
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!
