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: August 19-23
Information is not investment advice
If you don't know what to trade on Forex this week, FBS is here to help you! In the weekly Forex digest by FBS, our Chief market analyst Darya Bobrova will present you the most important events, which may affect the market. Watch the video to find out the days when the EUR, the CAD, and other currencies are expected to make moves. As a cherry on the top, you'll get the technical analysis of AUD/USD, EUR/USD and USD/CAD at the end of the video.
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!
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.