The US stock market was closed on Monday for Presidents Day, but February is still on track to be the strongest month for the major Wall Street indices since November.
Tag - gold
EUR/GBP on track towards fresh nine-month lows. Cable stays on the hunt towards 1.4000 as the dollar keeps more vulnerable for now.
While the S&P is coming to beat the never-seen-before epic mark of 4,000, there are those who say that it may be the last days of the stock market's glory before it plunges underground! In the meantime, oil is celebrating $60, gold keeps going lower, and more companies report their earnings this week.
US stocks are seen edging higher Thursday, continuing the recent strong rally after Fed chief Jerome Powell reaffirmed that the central bank’s monetary policy will remain supportive for some time yet.
Investors see gold as a way to hedge against this volatility due to its stability.
World shares rose to new all-time highs overnight and European indexes strengthened, with market sentiment generally upbeat on the prospect of fiscal stimulus and vaccine rollouts and ahead of a speech by U.S. Federal Reserve Chair Jerome Powell.
Dollar seems to be losing momentum while many currencies, commodities, and the S&P index are taking over local and all-time highs.
Jump in to get the technical analysis of EUR/GBP, GBP/USD, and gold!
While the US Dollar has been weakening, other assets are taking full advantage out of it
Read the report to get the analysis of EUR/USD, EUR/JPY, CAD/JPY, and gold!
The USD has a good chance to strengthen versus other currencies after the NFP release. Watch the video to learn more!
Latest market news with the technical analysis of the EUR/USD, GBP/USD, USD/JPY, and gold!