Coronavirus is raging, gold is surging, USD is rising, other currencies falling. What's the outlook for the Forex market? FBS analyst Gaspar Markosyan will go through the main headlines and key levels with you - watch the video to get up to date!
Weekly Market Outlook: August 5-9
Information is not investment advice
After the rate cut by the Federal Reserve and intensified trade tensions last week, the risk sentiment in the market will be under the main attention. As for the economic calendar, we will see the rate statements by the Antipodean banks. The main question is whether the Reserve bank of New Zealand will cut its rate even more? We will find out on Wednesday. As for now, watch the weekly video by FBS where the Chief market analyst Darya Bobrova explains the main market movers and helps with sorting out your busy trading plans.
The Japanese yen is back in the Forex market reconquest on investors' flight to safety. Observers are almost certain the US financial authorities will lower the main interest rate - hence, the USD is dragged down. What else does Friday bring?
Did the coronavirus hit the United States? What does it mean for the USD? Which other events will impact the American currency today?
Coronavirus continues threatening the markets…