July 7: gold is moving up to $1 800
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.
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Weekly Market Outlook: July 6-10
What is going to move the market this week?
July 6: hopeful traders sell USD
Despite the rising number of the coronavirus cases in the United States, traders await an increase in ISM Services PMI and are quite optimistic.
July 3: still mixed
The NFP brought good figures last Thursday, but the spike of infections in the US keeps suppressing the risky momentum.
July 2: markets ahead NFP
The market sentiment improved after the positive vaccine experiment. Stocks gained and EUR/USD surged, as well. Traders await the NFP report.
July 1: market is fighting uncertainty
Concerns about the coronavirus clash with hopes of recovery. Traders await the US jobs data. Watch the video to find out what this means for the major pairs!
June 30: heads up to the Fed chair testimony
The day has started with a stronger dollar, as bulls pushed USD/JPY higher.
June 29: riskier spots
Investors are still indecisive between the second wave virus fears and smoother recovery hopes, so we have unsure shaky risk-on spots at a generally mixed market background.
June 26: stocks gained despite virus fears
Investors stay optimistic despite the virus outbreak in the USA and worse-than-expected jobless claims.
June 25: The USD has become stronger
During this relatively mild trading session let's look at the moves of USD/JPY, Gold and S&P 500.
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June 24: mixed with optimism
The USD lost it's value across the board as the market got risk-on mood back; at the same time, gold climbed to $1,770 paving the way to $1,800.
