Find out the market performance for today
Tag - gold
Donald Trump is edging towards opening the economy, Australian consumer confidence dropped to 30-year lows and traders await news from the Bank of Canada…
This Tuesday gives an interesting Forex market layout with a weak USD, strong GBP, disappointed oil, and skyrocketing gold price.
Gold has almost returned to its March high after the recent huge pullback.
Get ready for the Easter Monday trades!
OPEC+ is almost done with the big output cut, but the oil price doesn't like it enough.
Middle of the week, no big news, USD slightly up, GBP prone to weakness as the British PM still in ICU
The virus situation keeps improving slowly but steadily; nevertheless, investors are still concerned with the larger scope of economic consequences: USD slides down, JPY weak, gold rises.
The coronavirus, the shocking levels of the key economic indicators and the OPEC+ meeting are at the center of this report.
The week starts with weaker JPY and GBP, USD stays strong, gold rises to $1,620, and oil hopes for OPEC+ supply cut resolution.
USD is almost the only currency showing confidence in Forex on April 2, currencies of developing economies losing ground, WTI oil slightly up from $20
Forex is cautiously optimistic this Tuesday on limited hopes on general economic improvement.