The USD keeps reigning in the Forex as the US infections are far from being managed while the EUR is pushed by hopes of the recovery fund; oil is revolving around $40 and gold is trying to claim higher grounds above $1 800!
Forex TV
Hopes for the EU recovery fund to be accepted and put to action soon are pushing the EUR higher across the board.
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!
The market is waiting for the BOC rate statement...
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.
Risk sentiment became off by the end of the week. Watch the video to explore the interesting patterns which present themselves on the charts!
Drawing trendlines is the key skill for every trader who wants to be successful. Watch the video to find out how to do it correctly!
The USD loses its grip over currencies as lighter moods enter the market.
Let's consider the key levels for today!