Watch the video to get the fresh trading tips for EUR/USD, USD/JPY, S&P 500 and gold!
Fresh Market Analysis
Information is not investment advice
Watch the video to get the fresh trading tips for EUR/USD, AUD/USD, S&P 500 and gold!
The Fed made a dovish statement yesterday. As a result, the US dollar dipped down, while riskier currencies and stocks significantly rose.
Today we anticipate the speech by the Fed Chair Jerome Powell during the Jackson Hole Symposium.
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 overall sentiment remains upbeat amid vaccine hopes and improved US-China relationships. Follow the report of US consumer confidence at 17:00 MT time!
The market sentiment has switched to risk-on today as US-China relationships are getting better. The US dollar is dipping down, while riskier assets are rising.
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.
It seems like the Fed meeting yesterday marked a final drop in the USD for now.
The USD has stopped its depreciation against riskier assets... for a while.
The USD has finally tried to strengthen versus other major currencies…
The worsening Sino-American relations and the still-there virus in the US finally pushed gold to its all-time highs and got the USD under heavy pressure across the board.