Commodities outlook: oil and gold
What are the projections for the oil and gold prices? Let's discover that in the review for commodities.
EUR/USD : more appreciation is ahead
Information is not investment advice
Ichimoku Kinko Hyo
CAD/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.
Fibonacci Levels
XAU/USD: Gold facing a further consolidation above 23.6% retracement area.
US Market View
European Union recovery funds to be transferred to Spain will boost economic growth by two percentage points annually in the coming years, Prime Minister Pedro Sanchez said on Tuesday.
The government will use the money to finance 110 major investment projects, Sanchez said, including nearly 3.2 billion euros in renewable energy.
U.S. stock index futures fell on Tuesday as U.S. federal health agencies recommended pausing the use of Johnson & Johnson single-dose COVID-19 vaccine, while investors awaited a reading on a key inflation report.
The call for pause in vaccine distribution comes after six recipients developed a rare disorder involving blood clots. J&J's shares shed 2.8% premarket, with the U.S. Centers for Disease Control and Prevention set to hold a meeting on Wednesday to review the cases.
USA Key Point
- The JPY is the strongest and the CAD is the weakest.
- US health agencies call for immediate pause of Johnson & Johnson vaccine.
- Germany April ZEW survey current situation -48.8 vs -54.1 expected.
- Dollar gains ease up on the session, all eyes still on US inflation data later.
- USD/JPY erases earlier gains, falls to session lows.
Gerasimos Papagiannis
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Commodities outlook: oil and gold
What are the projections for the oil and gold prices? Let's discover that in the review for commodities.
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Forex majors: short-term and long-term
Discover the outlook for EUR/USD, EUR/GBP, and GBP/USD.
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