EUR/USD is surging despite the worse-than-expected German GDP, gold is approaching the all-time high and GBP/USD is edging up for the 11th day in a row.
Tag - eur
In the United States, the economy was contracted by (worst-ever) 32.9% in the second quarter in 2020, crushed by COVID-19 lockdowns in 2nd quarter.
It seems like the Fed meeting yesterday marked a final drop in the USD for now.
EUR/JPY rebounded from the 123.00 level on the H4. The pair formed a “piercing line” pattern.
The USD has stopped its depreciation against riskier assets... for a while.
The USD has finally tried to strengthen versus other major currencies…
Is the USD going to lose its badge of a primary safe-haven currency? In the coming months, very possibly.
The worsening Sino-American relations and the still-there virus in the US finally pushed gold to its all-time highs and got the USD under heavy pressure across the board.
Thanks to the deterioration of the Sino-American relations, the JPY, the USD, and gold are rising while the rest go down.
The pair slightly contracted after reaching the highest level since 2018. What’s next?
The EU leaders agreed on a recovery fund and Oxford University has created a coronavirus vaccine. How will this news influence the market today? Watch the video to find out!
What will the EU leaders decide? Are we on the edge of another lockdown? Watch the video to learn the targets for EUR/USD and gold!