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.
April 9: oil day
Information is not investment advice
Most of the currency pairs are in a consolidation, waiting for confirmation that the US and Europe are seeing the infections peak already. Oil is waiting as well: at 15:00 MT OPEC+ holds a video conference about the global production cut; if a 10mln bpd cut is agreed, oil will fly!
How will the NFP release influence the market? Watch the video to discover scenarious for the major pairs!
The market sentiment is indeed risk-on today! Gold has approached to the key resistance at $2 050 and the S&P 500 is eyeing all-time high at 3 390.
Today we continue following the situation in the metals' market after the yellow metal broke 2 000…