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.
June 26: stocks gained despite virus fears
Information is not investment advice
The market sentiment is mixed. Yesterday unemployment claims in the USA came worse than analysts expected.
US states such as Florida and Texas recorded new coronavirus outbreaks. Localized restrictions have been imposed in Portugal, Germany, Australia and China.
Nevertheless, stocks gained slightly yesterday. Investors stay optimistic because they believe that the second wave will be offset by the additional stimulus measures from the government.
Follow US reports of personal spending and consumer sentiment at 15:30 MT time today.
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…