The market is mixed this Wednesday, with the AUD and the NZD tipping out on their recent bullish advances, oil consolidating at the local resistance level, and gold getting back to an upward trajectory.
The British pound is going up, while gold is correcting
You may not have noticed that but the Japanese yen rose every month this year. It grew more than other currencies of the Group-of-10 and became a top currency. How could it have beaten the powerful US dollar? Let’s see.
Oil and gold are rising, the currency market is mixed - watch the new weekly outlook to see what's moving!
The week started with a poor data from Japan. Stocks rally, WTI oil price is above $30, gold is headed to 1800.
The week is ending quiet, but pretty heavy. The gold price stabilizes at a higher plateau.
What is moving the session
USD/JPY has returned below the 50-day MA as the market’s risk aversion increased. It seems that the market has formed an interim top.
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!
Investors are weighing in the potential of the second wave of the virus hit, the movement across the Forex market is relatively cautious.
The NFP numbers are bad, but better than expected. The USD/JPY took that as an impulse to rise.
NFP will be released at 15.30 MT time. What is the forecast?
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