Coronavirus pushse gold and currencies to where they have not been for years. What next?
Tag - jpy - japanese yen
EUR/USD is consolidating, GBP/USD is under pressure, USD/JPY dropped.
Risk sentiment is on!
Bulls could not hold yesterday's gains for USD/JPY.
Key levels for Monday's trading
The Fed rate decision is close, let's check the key levels for the pairs!
The main focus for today will be on the American jobs data at 14:30 MT.
There were no major moves during the Asian trading session, however we have some events today, which may affect the sentiment in the market.
The market is submerged into an overall risk-off mood, with the AUD getting strong on recovering China and the GBP boosted by the BOE announcements, while the USD and the EUR are weak.
The week is ending quiet, but pretty heavy. The gold price stabilizes at a higher plateau.
The market is mixed this Wednesday, with the AUD and the NZD tipping out on their recent bullish advances, oil consolidating at the local resistance level, and gold getting back to an upward trajectory.
The US dollar is under pressure down, the Canadian dollar is in the correction.