The British pound gained on a possible compromise between the EU and the UK.
Tag - trading the news
The market sentiment deteriorated amid fresh US-China tensions. Also, investors remain cautious as increasing virus cases may damage economic activity again. Stocks and risky currencies dropped, as well as gold. These days the yellow metal tends to move together with risk assets.
Risk-on is back on the market. EUR, GBP and stocks are in favor. Gold is rising too as investors try to hedge their risk investments.
The Canadian employment change has been published together with the US PPI. Don't miss the best chance of this week!
Top Wall Street analysts bet on Tesla for the third quarter. Has the era of electric cars started?
In 2020, the world had faced one of the most terrible concerns of the past decades – COVID-19. The coronavirus pandemic has negatively affected every single individual to a greater or lesser extent – be it in terms of physical health, financial situation, or mental wellbeing.
The market sentiment improved after the positive vaccine experiment. Stocks gained and EUR/USD surged, as well. Traders await the NFP report.
Gilead has priced this Monday its coronavirus-fighting drug - remdesivir. The stock price surged.
Investors stay optimistic despite the virus outbreak in the USA and worse-than-expected jobless claims.
Follow the analysis of Apple's stock ahead of the WWDC20 conference!
Interesting Friday for interesting decisions!
CAD will get fresh volatility after BOC statement on June 3 at 17:00 MT time.