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.
Tag - eur
The ECB’s president Christine Lagarde warned about the complicated economic recovery. Bears got stronger.
Investors stay optimistic despite the virus outbreak in the USA and worse-than-expected jobless claims.
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.
Have you seen the USD? It lost value against the EUR and JPY - a rare situation - grab it!
EUR/GBP continues trading within an uptrend. The pair has managed to break above 0.9000 (38.2% Fibonacci retracement of the March-April decline) which now acts as support.
Mixed messages from the US policymakers and mixed market sentiment. Watch the video to great ideas for trading in such an environment!
EUR/USD has started the week with the right leg after falling down for almost two weeks. What's next?
The market sentiment is mixed. New cases of coronavirus decreased in China, but they surged in the USA. Also, US-China tensions weigh on the trading sentiment.
While economies restore capacities, the market is now a hostage of second-wave virus fears. How to use such an environment to make profits?
Interesting Friday for interesting decisions!
EUR/USD will likely trade within the range in stayed in yesterday. The 100-period MA on the H4 (1.1225) supports the pair.