US-China trade tentions, the rescue package for the American economy and other hot topics in the weekly video. Watch to learn about the most promising opportunities!
Tag - gold
The week started with a mixed sentiment. The US dollar holds it gains after the positive NFP report, and the S&P 500 is eyeing the all-time high at 3 390.
Looking ahead, highlights from macroeconomic calendar include EZ Sentiment Index and Fed’s Evans speech who is a Fed non-voter. Rise in US-China tensions (WeChat specifically) sends US dollar higher.
Asian equity markets failed to sustain the positive tone from Wall Street where all major indices notched gains as technology sector outperformed for another day.
US stocks are set to weaken at the open today, consolidating after gains in the previous session, with investors wary amid few signs of progress over the next virus relief bill.
The market sentiment is indeed risk-on today! Gold has approached to the key resistance at $2 050 and the S&P 500 is eyeing all-time high at 3 390.
The current slowdown in new virus cases in the USA improved the market sentiment. Sino-American tensions are escalating. Let's have a closer look at the AUD, S&P 500, gold and the GBP.
Everything you need to know for the first week of August
The oversold dollar has gained versus the major currencies, but will it be able to keep on? Watch the video to find out!
EUR/USD is surging despite the worse-than-expected German GDP, gold is approaching the all-time high and GBP/USD is edging up for the 11th day in a row.
It seems like the Fed meeting yesterday marked a final drop in the USD for now.
Where are we going with gold? Let's make a step back - or, rather, travel back in time to throw a strategic look at the gold price.