What drives the market on August 12?
The US dollar edged higher, while gold dipped down. Let’s discuss main news and market movements in detail.
Tag - gold
August 12: USD surged, gold recovered after massive sell-off
The US dollar edged higher, while gold dipped down. Let’s discuss main news and market movements in detail.
Gold fell below $2 000 first time in a week
XAU/USD is decreasing for the third day in a row. What are the reasons?
August 11: Gold falls, the euro stabilizes
The risk sentiment has got better since the start of today's trading session.
Sino-US tensions Keep Rising
Asian stock markets rose this morning on relief that another round of Sino-US sparring appears not to have spilled over into trade, while hopes for US stimulus support oil and other commodity currencies.
Main market movements on August 11
The market sentiment improved after the USA reported some decreasing in coronavirus hospitalizations. Gold dropped below $2 000 and the US dollar dipped down, while stocks surged. Let’s have a closer look.
Weekly Market Outlook: Aug 10 - 14
US-China trade tentions, the rescue package for the American economy and other hot topics in the weekly video. Watch to learn about the most promising opportunities!
August 10: USD holds gains, S&P 500 is eyeing record high
The week started with a mixed sentiment. The US dollar holds it gains after the positive NFP report, and the S&P 500 is eyeing the all-time high at 3 390.
What drives the market on August 10?
The market has started the week with a mixed sentiment…
USD Regains Strenght
Looking ahead, highlights from macroeconomic calendar include EZ Sentiment Index and Fed’s Evans speech who is a Fed non-voter. Rise in US-China tensions (WeChat specifically) sends US dollar higher.
Traders Focusing on NFP
Asian equity markets failed to sustain the positive tone from Wall Street where all major indices notched gains as technology sector outperformed for another day.
Gold & Silver Continue to Fly
US stocks are set to weaken at the open today, consolidating after gains in the previous session, with investors wary amid few signs of progress over the next virus relief bill.
