Throughout the week's trading, the price of gold was in a downward correction range amid continuing gains in global stock markets and growing investor confidence that the reopening of global economies may offset some of the catastrophic shocks caused by the Coronavirus.
Blogs
EUR/USD Technical Analysis: Lagarde’s Remarks in Focus – 08 June 2020
The EUR/USD price fell from the 1.1383 resistance, its highest level in three months, and closed the week's trading around the 1.1278 level.
AUD/USD Forex Signal: Bullish Pressure Under 0.7000 – 08 June 2020
AUD/USD: Breakout imminent?
S&P 500 Forecast: Major Barrier Broken – 08 June 2020
The S&P 500 broke above the 3100 level during the trading session on Thursday, and now it looks as if the market is trying to break above the 3200 level.
NASDAQ 100 Forecast: Now at All-Time High – 08 June 2020
The NASDAQ 100 has rallied significantly during the training session on Friday after the job numbers came out much stronger than anticipated.
WTI Crude Oil Forecast: Filling the Gap – 08 June 2020
The West Texas Intermediate Crude Oil market rallied significantly during the trading session on Friday again as the job numbers came out stronger than anticipated.
AUD/USD Forecast: Looking at Large Figure – 08 June 2020
The Australian dollar rallied again during the trading session on Friday as the “risk on trade” continues to dominate.
GBP/USD Forecast: Continues to Exert Pressure to the Upside – 08 June 2020
The British pound has rallied significantly during the trading session on Friday, breaking above the crucial 1.2650 level and the 200 day EMA.
EUR/USD Forecast: Finally Showing Signs of Gravity – 08 June 2020
The Euro initially rallied during trading on Friday, waiting for the jobs numbers to come out the United States.