Middle of the week, no big news, USD slightly up, GBP prone to weakness as the British PM still in ICU
Tag - gold
The virus situation keeps improving slowly but steadily; nevertheless, investors are still concerned with the larger scope of economic consequences: USD slides down, JPY weak, gold rises.
The coronavirus, the shocking levels of the key economic indicators and the OPEC+ meeting are at the center of this report.
The week starts with weaker JPY and GBP, USD stays strong, gold rises to $1,620, and oil hopes for OPEC+ supply cut resolution.
USD is almost the only currency showing confidence in Forex on April 2, currencies of developing economies losing ground, WTI oil slightly up from $20
Forex is cautiously optimistic this Tuesday on limited hopes on general economic improvement.
Another week starts in the Forex market. Where will it lead? Read the article to get the main outlines so far.
Friday has some pairs to look at...
Is gold predictable now, at all? Let's consider some facts and observations.
Gold has been losing value lately. But recently, it is back up. Is it a good time to buy?
Main currency pairs and assets got into consolation or correction this Friday.
What are the most spectacular performances in 2020 in Forex and stock markets Read the article and find out.