Is the USD going to lose its badge of a primary safe-haven currency? In the coming months, very possibly.
Tag - eur
Gold is eyeing $2 000, the EUR has reached 1.70 and other interesting market movements.
The worsening Sino-American relations and the still-there virus in the US finally pushed gold to its all-time highs and got the USD under heavy pressure across the board.
Thanks to the deterioration of the Sino-American relations, the JPY, the USD, and gold are rising while the rest go down.
The pair slightly contracted after reaching the highest level since 2018. What’s next?
The EU leaders agreed on a recovery fund and Oxford University has created a coronavirus vaccine. How will this news influence the market today? Watch the video to find out!
How to trade on July 21?
What will the EU leaders decide? Are we on the edge of another lockdown? Watch the video to learn the targets for EUR/USD and gold!
The pair is trading near 1.1450. Does it still have the potential to the upside?
The USD keeps reigning in the Forex as the US infections are far from being managed while the EUR is pushed by hopes of the recovery fund; oil is revolving around $40 and gold is trying to claim higher grounds above $1 800!
The market sentiment is mixed as investors are weighing on additional government support measures amid increasing virus cases throughout the world.
Hopes for the EU recovery fund to be accepted and put to action soon are pushing the EUR higher across the board.