Differences continue to narrow in US stimulus talks but more work needs to be done. Pelosi and Mnuchin will speak again today, according to her aide.
Tag - gold
XAU/USD is edging higher, but may meet soon the strong resistance. What is the forecast?
The market is resilient ahead of the speeches of Fed’s Powell and ECB President Lagarde, but there are still interesting movements.
The market participants await speeches of Fed's Powell and ECB President Lagarde. Jump in to know latest market movements!
The uncertainty over US fiscal stimulus and Brexit, and also rising new virus cases deteriorated the market mood. That’s why we can expect the further rally of the US dollar and the fall of riskier assets today.
The number of Americans applying for initial unemployment benefits unexpectedly increased to 898,000 last week, its highest since late August, compounding fears that the recovery in the labor market is stalling
Treasury Secretary Mnuchin, after speaking with House Speaker Pelosi, said stimulus talks are still far apart and it is difficult to get anything done before the election but will keep trying.
The market sentiment is mixed, but there are still interesting movements on the market.
Fresh ideas for gold, EUR/USD, GBP/USD and S&P 500!
Stock significantly surged: S&P 500 and Nasdaq reached 6-week highs. The market sentiment may deteriorate today as Johnson & Johnson’s Covid-19 vaccine trails have been stopped because of the unexplained illness.
What may push the AUD down this week? What economic releases are worth following? Jump in to know all the answers and get the analysis of EUR/USD, gold, GBP/USD, and USD/JPY!
Riskier assets and gold ended last week with huge gains due to the weak US dollar’s performance. Let’s discuss what will drive the markets today.