Hopes for the EU recovery fund to be accepted and put to action soon are pushing the EUR higher across the board.
Forex TV
The market sentiment is mixed ahead of the US consumer sentiment report. Look for trade ideas!
EUR/USD tested lower levels as risk sentiment worsened and traders looked forward to the ECB meeting. Watch the video to get trade ideas!
The market is waiting for the BOC rate statement...
The market sentiment deteriorated amid fresh US-China tensions. Also, investors remain cautious as increasing virus cases may damage economic activity again. Stocks and risky currencies dropped, as well as gold. These days the yellow metal tends to move together with risk assets.
Risk-on is back on the market. EUR, GBP and stocks are in favor. Gold is rising too as investors try to hedge their risk investments.
Risk sentiment became off by the end of the week. Watch the video to explore the interesting patterns which present themselves on the charts!
The USD loses its grip over currencies as lighter moods enter the market.
Let's consider the key levels for today!
The market sentiment deteriorated amid increasing virus cases in the USA and Australia. Gold, USD and JPY are gaining, while stocks and riskier assets are loosening.
Despite the rising number of the coronavirus cases in the United States, traders await an increase in ISM Services PMI and are quite optimistic.
The NFP brought good figures last Thursday, but the spike of infections in the US keeps suppressing the risky momentum.