Main market movements on August 6
The market sentiment is indeed risk-on today. Stocks, riskier currencies and gold are rising amid the waning US dollar.
Tag - usd
August 6: GBP surged after BOE report
The market sentiment is indeed risk-on today! Gold has approached to the key resistance at $2 050 and the S&P 500 is eyeing all-time high at 3 390.
August 5: Gold is above 2 000
Today we continue following the situation in the metals' market after the yellow metal broke 2 000…
August 4: S&P 500 and Nasdaq surged
The current slowdown in new virus cases in the USA improved the market sentiment. Sino-American tensions are escalating. Let's have a closer look at the AUD, S&P 500, gold and the GBP.
GBP/USD looks persistent
GBP/USD formed a pin bar with a long lower shadow – a short-term bullish sign.
EUR/USD: bearish prospects
Some analysts believe the euro will lose its gains in the third quarter. What are the reasons?
Weekly Market Outlook: August 3-7
Everything you need to know for the first week of August
August 3: USD fights back... a bit
The oversold dollar has gained versus the major currencies, but will it be able to keep on? Watch the video to find out!
USD/CAD looks vulnerable
If the market gets confirmation that Canadian economy is doing better than the US one, which had a very bad Q2, USD/CAD will suffer.
Main market movements on July 31
The overall market sentiment is mixed as new virus cases continue rising throughout the world, but most economic indicators came out better than analysts expected. Let’s look at the main market movements.
July 31: S&P 500 surged after positive earnings reports
EUR/USD is surging despite the worse-than-expected German GDP, gold is approaching the all-time high and GBP/USD is edging up for the 11th day in a row.
Weak data put US dollar under pressure
The risk of a second wave of coronavirus is more likely to put pressure on rates. Risky assets are supported by fiscal and monetary stimulus.
