Brexit goes hard, Trump is pretty sure he will win, the market is floating; EUR is the only clear voice.
Tag - wti - west texas intermediate
Key levels for gold, oil, EUR/USD, GBP/USD, and other currency pairs!
Hopes for stimulus on both sides of the Atlantic were dashed by Trump contracting COVID-19. The USD is in the focus again.
Oil keeps rallying for the fourth day in a row after Goldman Sachs claimed that the oil market is in deficit and also because of the recent storm in the Gulf of Mexico, which led to the sharp decline of oil production. It is the best week for oil since June!
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!
The ECB confirmed they are not planning to change the course of the EUR: all aboard!
While the GBP is struggling through Brexit worries, the EUR is taking over the USD.
Oil prices are steadily growing as crude stockpiles have been declining for six weeks.
The session goes relatively quiet, with the USD going mostly steady - time to re-group. The oil price crossed $43, gold is approaching tactical support levels.
The consolidation that started on Wednesday is continuing so most currency pairs with the USD are going flat.
The sentiment is indeed risk-on today! S&P 500 surged to the all-time high, and EUR/USD jumped to levels unseen since May of 2018. Let’s have a closer look.
The USD is weak against most riskier assets today; gold is at $2,000, WTI oil at $42.5. Watch the video for more levels.