Correlation between the euro and gold | 15 Mei 2020

15 Mei 2020, EUR/USD

Correlation between the euro and gold

EURUSD trading plan:

We are expecting an uptrend to develop. The bullish rally in the commodity market will have a positive impact on the value of the European currency. Gold prices rose to their highest in over two weeks after new data showed that over a quarter of the U.S. has become unemployed since the Covid-19 pandemic struck. The data helped reinforce expectations if not of negative interest rates next year, then at least of a prolonged period of economic weakness. The risks of a sustained period of modest deflation are now significant. This is a positive signal for gold!

Trading recommendation: Buy 1.0800 and take profit 1.0880.

David Johnson
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.
manager photo manager photo
Online-support
Dengan senang hati, kami akan menjawab pertanyaan Anda

Tulis

Get bonus