Oil and gold are rising, the currency market is mixed - watch the new weekly outlook to see what's moving!
Tag - eur
The week is ending quiet, but pretty heavy. The gold price stabilizes at a higher plateau.
What is moving the session
Traders await the speech of the Fed's Chair Jerome Powell. The USD is under pressure. Watch the video to get the outlook for the major currencies today!
Let’s look at the factors that move the British pound and what restrictions it can meet on its way.
Investors are weighing in the potential of the second wave of the virus hit, the movement across the Forex market is relatively cautious.
EUR/USD recovered from the March-April support line and formed a “Piercing line” candlestick pattern on the D1.
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 German court made a surprising decision on May 5 that the European Central Bank's mass bond-buying violates the German constitution.
On April 30 at 14:30 MT time the ECB will unveil its future measures to support the euro zone economy.
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!