Weekly Market Outlook: May 18-22
Oil and gold are rising, the currency market is mixed - watch the new weekly outlook to see what's moving!
Tag - usd
May 18: WTI oil is above $30
The week started with a poor data from Japan. Stocks rally, WTI oil price is above $30, gold is headed to 1800.
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May 15: Gold rising, market suppressed
The week is ending quiet, but pretty heavy. The gold price stabilizes at a higher plateau.
AUD: jobs report pushed it down
AUD has a pause on the way up as 600,000 people lost jobs. Is it a short-term correction or change of a course?
May 14: Following the USD
What is moving the session
USD/JPY tested support
USD/JPY has returned below the 50-day MA as the market’s risk aversion increased. It seems that the market has formed an interim top.
May 13: what will Powell say?
Traders await the speech of the Fed's Chair Jerome Powell. The USD is under pressure. Watch the video to get the outlook for the major currencies today!
May 12: cautious market
Investors are weighing in the potential of the second wave of the virus hit, the movement across the Forex market is relatively cautious.
USD/JPY: supported by the NFP
The NFP numbers are bad, but better than expected. The USD/JPY took that as an impulse to rise.
EUR/USD rebounded from support
EUR/USD recovered from the March-April support line and formed a “Piercing line” candlestick pattern on the D1.
May 8: the market awaits NFP
NFP will be released at 15.30 MT time. What is the forecast?
