The market takes a breath after the rally up. What is next?
Information is not investment advice
Gold (XAU/USD) is declining for the second day in a row. The reason of such a dynamic is that investors have turned to stocks.
The US NFP will be reported on Friday, June 5, at 15:30 MT time.
EUR and risky currencies, stocks and oil prices surged on prospect for reopening.
Let’s look what moves the market today.
The European Central Bank will publish the main refinancing rate and make a statement on Thursday, June 4, at 14:45 MT time. Also, the ECB press conference will be later at 15:30 MT time.
EUR and gold moved up
Let’s look at main movements on the market.
Thursday ended with the EUR/USD being high above of local resistance of 1.10. What's the target now?
The Reserve Bank of Australia will make a statement and release the cash rate on Tuesday, June 2, at 8:30 MT time.
The US job market shows first signs of improvement. Will that help the USD?
Canadian GDP growth will be released on Friday, May 29, at 15:30 MT time.