The drivers, the assets, and the releases you need to focus on this week
Tag - usd
You will find an interesting find-the-difference game in the article. When do you think gold will reach 1900 again?
EUR/USD has been rising since morning, but the further rally is limited by the 200-peiod moving average at 1.2190. Gold is flirting with the $1 850 level.
Asian shares climbed to near all-time highs on Monday as concerns over rising COVID-19 cases and delays in vaccine supplies were eclipsed by the optimism of a $1.9 trillion fiscal stimulus plan to help revive the US economy.
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USD/MXN got up recently. Is it a strategic trend change? Not yet - rather, another upswing to form a new wave downwards. Perfect positioning to go bearish.
Oil fell below $52.00 because investors expect a weaker oil demand amid rising Covid-19 infections and new lockdowns.
Asian equity markets traded cautiously after the mixed lead from Wall St where most indices stalled at record levels
How do we trade the gold price? It seems to be losing the upside momentum - no problem for bears!
A new threat of a full lockdown in the UK pulled the GBP down, while the euro has been boosted by optimistic PMIs…
GBP/USD went beyond 1.37 and reversed the gains. How to trade it now?
The market optimism waned amid stricter restrictions to control rising coronavirus infections. S&P 500 and Nasdaq dropped from the all-time highs, while the USD jumped higher.