Hopes for the EU recovery fund to be accepted and put to action soon are pushing the EUR higher across the board.
Tag - gold
Gold prices tend to rise together with risky assets as investors try to hedge their exposure to stock investments.
The market sentiment is mixed ahead of the US consumer sentiment report. Look for trade ideas!
EUR/USD tested lower levels as risk sentiment worsened and traders looked forward to the ECB meeting. Watch the video to get trade ideas!
What happened? Gold was just above $1 800, now - back down below?
The market sentiment deteriorated amid fresh US-China tensions. Also, investors remain cautious as increasing virus cases may damage economic activity again. Stocks and risky currencies dropped, as well as gold. These days the yellow metal tends to move together with risk assets.
Stock indexes and gold are setting new highs, the USD is going through challenging times and the CAD and the EUR await decisions of their central banks. Watch the video to prepare for this week's trading!
Risk-on is back on the market. EUR, GBP and stocks are in favor. Gold is rising too as investors try to hedge their risk investments.
Yellow metal has become the best performing asset during the coronavirus. Some analysts foresee it will reach $2 000.
The USD loses its grip over currencies as lighter moods enter the market.
Let's consider the key levels for today!
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.