Weekly update for EUR/USD, USD/CAD, gold, and stocks
Tag - gold
The earnings of Twitter, Intel beat estimates, while euro awaits PMIs
The overall market sentiment is risk-on. The S&P 500 index (US 500) is getting close to the all-time high. Oil is recovering quickly from its recent losses.
Today traders await the European Central Bank to make a policy statement at 14:45 MT (GMT+3). The earnings season continues. Today, Intel, AT&T, and Twitter will reveal their financial results.
Today traders await the European Central Bank to make a policy statement at 14:45 MT (GMT+3).
Gold declined back for the past few days after reaching ~$1830/Oz last week, while our medium-term positions remain in profit since our signal to buy at $1770 and $1780 two weeks ago.
What is happening? On Monday, July 19th, gold traded lower as the rising numbers of coronavirus cases drove investors to move their savings into safe-haven assets such as the US dollar and Treasuries…
Oil dropped to the lows unseen since late May. Bitcoin has dropped below $30,000, while gold has reversed up from a dip under $1,800.
The ECB meeting is the most awaited event of the week! How will markets react? Watch the video to get fresh trade ideas on EUR/USD, GBP/USD, and Gold!
OPEC+ has finally reached a deal. The world's largest oil exporters will be slowly returning crude to the market. S&P 500 may test lower levels and the USD is rising as a safe haven as the delta covid-19 string is rapidly spreading.
Moderna rocketed after an announcement that the vaccine maker is going to join the S&P 500 index. The New Zealand dollar surged after the nation’s inflation surpassed the central bank’s target level, moving New Zealand closer to an interest-rate increase. NZD/USD rocketed!
Moderna rocketed after an announcement that it is going to join the S&P 500 index. The New Zealand dollar surged after the nation’s inflation surpassed the central bank’s target level.