Correlation between gold and euro

FreshForex

EURUSD trading plan:

The bullish rally in the gold market will have a positive impact on the value of the European currency. Gold pricing, in addition to supply and demand for physical metal, is associated with the expected level of inflation and the expected level of interest rates in the United States. Gold theoretically has a constant value for paper money, so when money depreciates, the price of gold in dollars rises, which we observe this year. Now the real interest rate in the US is -0.35%. This is a positive signal for gold!

Trading recommendation: Buy 1.1840 and take profit 1.1900.

FreshForex
25.09.2020

New British incentives

GBPUSD trading plan: The U.K. unveiled fresh measures to protect jobs and businesses that helped ease fears about the impact of newly imposed lockdown measures on the economy. The U.K. will subsidize the pay of employees who have not returned to work

More
FreshForex
24.09.2020

Positive macroeconomic statistics from Germany

EURUSD trading plan: German business morale improved for the fifth month in a row in September, a survey showed on Thursday, in a further sign that Europe's largest economy is enjoying a solid recovery from the coronavirus shock. The Ifo institute

More
FreshForex
23.09.2020

3 important MOEX stocks today

Dear clients, This week we'll back to the stock market. It's three MOEX stocks: #Gazprom, #GazpromNef, #Lukoil. What to expect these assets currently week and next week? We'll tell you in detail on September 23 at 12:00 GMT. Join the webinar!

More
FreshForex
23.09.2020

Negative macroeconomic statistics from Japan

USDJPY trading plan: Japan's factory activity extended declines in September largely due to a sharper fall in output, as the world's third-largest economy struggles to stage a robust recovery from the COVID-19 pandemic. The au Jibun Bank Flash Japan

More