Oil has surged as OPEC+ members failed to make a deal. EUR/USD, NZD/USD, and gold are edging higher. Watch the video to learn more!
Tag - gold
This week you will find out the outcome of the OPEC+ meeting, the news for the aussie, the update for the CAD, and many more
Oil remains high after the OPEC+ failed to reach a deal. It's a bank holiday in the United States.
Read the article to know how to trade gold!
The OPEC meeting and the US Nonfarm Payrolls rocked the market last week. The market is torn between optimism about the global economic recovery and concerns about the new coronavirus strains.
OPEC members haven’t been able to agree on oil output yesterday. The US dollar jumped ahead of the NFP report today.
Moderna stock jumped by 7% on good news about the company's vaccine. The USD is strengthening versus the EUR, and gold moved down on Tuesday because of the stronger greenback. Watch the video to get trade ideas for Wednesday!
Gold declined below its 1769 key support area yesterday and posted the lowest level since April 15 around 1755 USD/Oz, which is another support that we should keep an eye on.
Cathie Wood’s Ark Invest filed for the creation of a Bitcoin ETF. Apple and Amazon jumped and airlines and cruise operators dropped as the reflation trade waned.
The main events of the week are Non-Farm Payrolls (NFP) on Friday and the OPEC meeting on Thursday. Watch the video to get the fresh outlook for currencies, stocks, & commodities for the June 28- July 02 trading week!
The Bank of England held a meeting yesterday. The statement was more dovish than expected: there were no policy changes and no new hints about future rate hikes. After that, GBP/USD dropped to 1.3900.
The Bank of England was more dovish than expected and pressed down GBP/USD to 1.3900.