July 9: lighter moods
The USD loses its grip over currencies as lighter moods enter the market.
Tag - aud - australian dollar
July 7: gold is moving up to $1 800
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.
How to trade on July 7?
The market sentiment deteriorated amid increasing virus cases in the USA and Australia. Investors prefer safe-haven assets like gold, the US dollar and the Japanese yen.
Weekly Market Outlook: July 6-10
What is going to move the market this week?
USD: risk is making its way in?
Investors want to trade riskier, and dire economic and virus background doesn't stop that. The USD will testify.
July 6: hopeful traders sell USD
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 RBA: keeping the AUD alive?
The Reserve Bank of Australia will publish its statement and announce the interest rate on July 7, at 7:30 MT time.
AUD gained on the encouraging retail sales
Risk-on pushed stocks and riskier currencies upward.
What will affect markets on July 3?
The overall market sentiment was mixed after the USA recorded the largest increase in virus cases since May 9. The data even offset the better-than-expected NFP.
July 3: still mixed
The NFP brought good figures last Thursday, but the spike of infections in the US keeps suppressing the risky momentum.
July 1: market is fighting uncertainty
Concerns about the coronavirus clash with hopes of recovery. Traders await the US jobs data. Watch the video to find out what this means for the major pairs!
June 29: riskier spots
Investors are still indecisive between the second wave virus fears and smoother recovery hopes, so we have unsure shaky risk-on spots at a generally mixed market background.
