Posted Aug 3, 12:50
Some August Seasonals Jul 31, 2020 15:48:
Consolidation in major indices remain the name of the game, while USD is mixed against the major currencies. Silver, gold and the Aussie are the strongest and JPY, Aussie and kiwi are the weakest. (see the chart below for the July performance of major FX and metals vs USD). The dollar continued its slump Thursday but nearby extremes in FX and other markets can't be ignored. Thursday's Premium trade wasted little time to enter +140-pip gain and is in progress. Wishing you a Eid Adha Mubarak and best of blessing, peace and prosperity. Read More...
From Fed to Q2 GDP Jul 30, 2020 12:50:
The US dollar drop intensified Wednesday with Powell reiterating a dovish stance. The euro continued its run and was the top performer while USD lagged, but today, GBP is the only gainer vs USD as the greenback gets some month-end relief. The first look at second quarter US GDP on Thursday will show the largest contraction on record. A new Premium trade shall be issued ahead of the US session. Read More...
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