USD/CHF gets higher, GBP/USD may try to test higher levels as well. AUD/USD found support. Watch the video to learn more about the major pairs!
Tag - gold
China's industrial rebound, progress in US fiscal stimulus and other important news in this article.
Asian stocks began the week mostly higher as the region picked up the baton from last Friday’s tech-driven momentum on Wall Street.
XAU/USD formed a “hammer” candlestick on the D1 ahead of the 100-day MA. The price made a higher low on the H4 and now only the resistance at $1 877 separates the precious metal from further gains.
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!
US democrats are planning to unveil $2.2 trillion dollars to support the economic activity. That announcement improved the market sentiment after the worse-than-expected US unemployment claims. Jump in for the analysis of EUR/USD, USD/JPY, S&P 500 and gold!
The number of Americans applying for initial unemployment benefits came in at a larger-than-forecast 870,000 last week, signaling that the recovery in the labor market is losing momentum as the coronavirus pandemic lingers and layoffs continue apace.
Gold is steadily plummeting for the third consecutive day. Where is the bottom? Let’s find out.
UK's Raab supports that virus restrictions are serious, proportionate
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.
Gold has started a remarkable downside correction and stands on the key 23.6% retracement area after a failure to hold the 38.2% retracement area.
The market sentiment remains risk-off amid rising virus cases around the world and fears over new restrictions and lockdowns.