The overall market sentiment is risk-on. The S&P 500 index (US 500) is getting close to the all-time high. Oil is recovering quickly from its recent losses.
Tag - gold
Today traders await the European Central Bank to make a policy statement at 14:45 MT (GMT+3).
Gold declined back for the past few days after reaching ~$1830/Oz last week, while our medium-term positions remain in profit since our signal to buy at $1770 and $1780 two weeks ago.
What is happening? On Monday, July 19th, gold traded lower as the rising numbers of coronavirus cases drove investors to move their savings into safe-haven assets such as the US dollar and Treasuries…
Oil has dropped to the lows unseen since late May, while gold has reversed up from a dip under $1,800.
We will remember the past week for the surge in the US inflation and the soothing comments of the Federal Reserve’s Chair Jerome Powell…
Moderna rocketed after an announcement that it is going to join the S&P 500 index. The New Zealand dollar surged after the nation’s inflation surpassed the central bank’s target level.
The NZD rocketed after the Reserve Bank of New Zealand claimed it would end quantitative easing this month. Jump in to know more!
The earnings season starts today! Traders await a report from Goldman Sachs at 14:30 GMT+3.
Much impactful news will come out! Read the article to get fresh trade ideas for the whole week!
Risk aversion dominates in the financial markets as the resurgent of coronavirus cases may slow global growth. Thus, safe-haven currencies are rising such as the CHF, the JPY, the USD, and riskier assets and commodity-linked currencies (the CAD and the AUD) are weakening.
Gold has surged above the psychological mark of $1800 ahead of the Minutes from the Fed’s meeting. Read the article to get ideas on EUR/USD, Gold, and USD/JPY!