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.
Tag - gold
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.
All the issues point that today the risk-off sentiment will prevail on the market. However, it may change after Powell's speech. Jump in to get fresh trading ideas on gold, EUR/USD, S&P 500 and AUD/USD!
The JPY is the strongest and the NZD is the weakest. Jump in for the fresh analysis!
The fears of a second Covid-19 wave and of an insufficient stimulus pulled the global indices down…
The US dollar and the Japanese yen has started the week on the positive footing amid rising new virus cases.
Asian equity markets were subdued, and US equity futures traded choppy after last Friday’s losses on Wall Street.
US stock markets tumbled at the opening on Thursday as the Federal Reserve's warnings about a slow recovery from the pandemic.
The meeting of the Federal Reserved helped the USD in the short term, what can we expect from the Bank of England today?
The US dollar gained after the Fed’s report, while riskier assets dropped. Let’s have a closer look.
The market calms down ahead of the Fed’s statement this evening.