EUR/USD is edging higher amid the broad sell-off of the greenback and the overall risk-on sentiment. Let’s discuss what can stop its rally.
Tag - usd
Asian equity markets were somewhat mixed as the region only partially sustained the momentum from the firm US handover.
The FOMC will make a statement on September 16 at 21:00 MT time!
The market is relatively quiet with the soft USD, consolidating oil, and rather bullish gold - check the levels for the main Forex currency pairs in the daily video!
U.S. stocks are set to open markedly higher on reassurances from the pharma sector about progress in the hunt for a vaccine to fight the Covid-19 virus.
In this video we will go through the main events of the week and analyze EUR/USD, GBP/USD, GBP/JPY and gold!
Eurozone March industrial production comes at 4.1% vs 4.2% m/m than expected
The resistance line is limiting USD/JPY on the upside and, unless the pair tries for a breakout (which anyway will meet resistance at 106.50 and 106.80), the easiest path for it will be to go down.
The USD retreats as traders await the meeting of the Fed on Wednesday. Find out the levels to trade EUR/USD, GBP/USD, USD/JPY, and gold!
Optimistic vaccine news improved market sentiment. Stocks and riskier assets are rising, while the US dollar is dipping down. Let’s have a closer look.
Risk looking positive as we enter European session.
XAG/USD: Silver stands above the 23.6% retracement area. An indecision still exists.