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.
Tag - usd
GBP/USD formed a pin bar with a long lower shadow – a short-term bullish sign.
Some analysts believe the euro will lose its gains in the third quarter. What are the reasons?
Everything you need to know for the first week of August
The oversold dollar has gained versus the major currencies, but will it be able to keep on? Watch the video to find out!
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.
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.
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.
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.
In the United States, the economy was contracted by (worst-ever) 32.9% in the second quarter in 2020, crushed by COVID-19 lockdowns in 2nd quarter.
It seems like the Fed meeting yesterday marked a final drop in the USD for now.
The market sentiment switched to risk-off after the Fed’s Powell statement. The USD edged higher, while risker assets started falling after reaching quite high levels. Let’s have a closer look.