Tag: forex market analysis August 2020
24
Aug
The dollar fell to new lows against the euro, sterling, the Australian dollar, and the Swedish krona last week. However, it was a head fake and the greenback quickly returned to its previous ranges. The combination of the July FOMC minutes that dampened expectations for new initiatives, such as yield curve control or an increase […]
10
Aug
Friday’s sharp corrective pullback in Gold (XAU/USD) was mainly driven by the broad-based US dollar rebound, as the US-China tech war escalation and US fiscal wrangling reinforced the haven demand for the greenback. Better US payrolls report, further, aided the dollar recovery from two-year lows. The bright metal dropped nearly 1.50% and settled at $2035 […]
03
Aug
While stocks ended slightly higher for the day, week and month on Friday, on strong Technology earnings and US GDP that was less negative than expected, signs the economic rebound is stalling will likely make any further equity gains an uphill battle during the coming month. Friday's late session rally was sparked by a report [...]
