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.
Tag - jpy - japanese yen
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 pair sharply dropped to the one-month low. Will it keep falling further?
Thanks to the deterioration of the Sino-American relations, the JPY, the USD, and gold are rising while the rest go down.
Yet another volatile session in the markets…
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!
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!
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!
We are long used to see Forex as the USD's dominion. Is that going to change soon?
What to expect from the Bank of Canada on Wednesday?