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.
May 12: cautious market
Information is not investment advice
Investors are weighing in the potential of the second wave of the virus hit, hence the movement across the Forex market is relatively cautious and slow, with the USD being the center of attention.
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…