The market sentiment deteriorated amid increasing virus cases in the USA and Australia. Gold, USD and JPY are gaining, while stocks and riskier assets are loosening.
What is going to move the market this week?
Despite the rising number of the coronavirus cases in the United States, traders await an increase in ISM Services PMI and are quite optimistic.
The NFP brought good figures last Thursday, but the spike of infections in the US keeps suppressing the risky momentum.
The market sentiment improved after the positive vaccine experiment. Stocks gained and EUR/USD surged, as well. Traders await the NFP report.
Concerns about the coronavirus clash with hopes of recovery. Traders await the US jobs data. Watch the video to find out what this means for the major pairs!
The day has started with a stronger dollar, as bulls pushed USD/JPY higher.
Investors are still indecisive between the second wave virus fears and smoother recovery hopes, so we have unsure shaky risk-on spots at a generally mixed market background.
Investors stay optimistic despite the virus outbreak in the USA and worse-than-expected jobless claims.
During this relatively mild trading session let's look at the moves of USD/JPY, Gold and S&P 500.
When the price makes a big rapid move through some key level, it’s called a breakout. What is the best trading strategy in such a case? Take part in the free webinar to find out!
The USD lost it's value across the board as the market got risk-on mood back; at the same time, gold climbed to $1,770 paving the way to $1,800.