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Investors are weighing in the potential of the second wave of the virus hit, the movement across the Forex market is relatively cautious.
Quick and informative market overviews and trade ideas
Investors are weighing in the potential of the second wave of the virus hit, the movement across the Forex market is relatively cautious.
NFP will be released at 15.30 MT time. What is the forecast?
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 Fed and the ECB planning to expand the economic stimulus package make the USD and the EUR lose value.
Watch the video to find out how to trade the USD!
The risk sentiment remains positive, but for how long?
This week the meetings of the Federal Reserve and the European Central Bank will be in the center of market's attention.
The market starts the week with risky appetites: the AUD and the NZD rise, in line with the GBP/USD and the EUR/USD.
A little progress has been made during today's UK-EU Brexit talks…
Brent followed the case of WTI, although not into the negative zone (yet); the AUD and the NZD are marching upwards across the board, the USD stays relatively strong.
Oil prices turned negative yesterday, economic data for today
USD rules the market this Monday, with AUD and NZD getting their gains as well, gold plunging, and WTI dropping to 21-year lows at $14.80!
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!