Will EUR/USD bounce off the current resistance its testing?
Tag - usd
The gold, oil prices and the pound are at local highs; apart from that, seems to be a pretty regular day in the Forex market. Perfect for trading!
US stock markets look set to break a four-day losing streak later, with the futures contracts for all three major indices trading higher in the overnight session.
Crédit Agricole expects the USD will continue falling, while the EUR will keep rising in the coming months.
The year 2020 is finally coming to an end. Finally. Let’s see what happened in the Forex market during that year and try to figure out what may happen in the next one.
Asian equity markets follow suit to the mixed performance in the US where sentiment was pressured and DJIA pulled back from record highs amid lockdown concerns.
There are reasons for traders to be optimistic and sell the USD versus the riskier currencies. However, the advance of EUR/USD, GBP/USD, and AUD/USD became extensive and a correction may happen.
The dollar headed lower in early European trade Monday
XAU/USD has been falling due to market optimism. Will it keep moving down?
European stock markets are seen opening mixed Monday, with investors adopting a cautiously optimistic stance after Brexit negotiations were extended past the Sunday deadline.
With Brexit being the last-minute breakthrough - or a failure - possibility, let's review the layout for the GBP against the EUR and the USD. We will review oil, gold, and other Forex assets too - and don't forget the US and the UK interest rates this week!
Vaccine news, Brexit developments, and hopes for the US stimulus package are the main market drivers! How to start the week?