The current slowdown in new virus cases in the USA improved the market sentiment. Sino-American tensions are escalating. Let's have a closer look at the AUD, S&P 500, gold and the GBP.
Tag - usd
GBP/USD formed a pin bar with a long lower shadow – a short-term bullish sign.
Some analysts believe the euro will lose its gains in the third quarter. What are the reasons?
Everything you need to know for the first week of August
The oversold dollar has gained versus the major currencies, but will it be able to keep on? Watch the video to find out!
If the market gets confirmation that Canadian economy is doing better than the US one, which had a very bad Q2, USD/CAD will suffer.
EUR/USD is surging despite the worse-than-expected German GDP, gold is approaching the all-time high and GBP/USD is edging up for the 11th day in a row.
The risk of a second wave of coronavirus is more likely to put pressure on rates. Risky assets are supported by fiscal and monetary stimulus.
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.
It seems like the Fed meeting yesterday marked a final drop in the USD for now.
The USD has stopped its depreciation against riskier assets... for a while.
Do you want to know more about the dynamics of gold and the US dollar this week? FBS analyst Nour Eldeen Al-Hammoury explains the key trends of the week in his new video.