Gold is eyeing $2 000 and the EUR keeps rallying amid the weak US dollar. How to trade this week? What market events will drive the market? In this video, FBS analyst Kseniia Medik gives trade ideas for the current week.
Weekly Market Outlook: April 29-May 3
Information is not investment advice
New week - new trading opportunities! This week brings some enthusiasm to traders as they are awaiting significant events for the USD and the GBP. To find out these events and key levels for the currency pairs watch the weekly Forex report by FBS!
The USD keeps reigning in the Forex as the US infections are far from being managed while the EUR is pushed by hopes of the recovery fund; oil is revolving around $40 and gold is trying to claim higher grounds above $1 800!
Stock indexes and gold are setting new highs, the USD is going through challenging times and the CAD and the EUR await decisions of their central banks. Watch the video to prepare for this week's trading!
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.