Gold 1693,50
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EURUSD 1,0799
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DJIA 24115
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OIL.WTI 25,095
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DAX 10609
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It’s time for the markets to slow down a little and take a break from volatility. The summer of 2020 is special after all. The activity on the markets is obviously overestimated and it is not yet clear where it will lead.
Gold
Wednesday’s markets behave in a very different direction. Probably due to lack of macroeconomic data, lack of loud statements from politicians. Even Donald Trump has been quiet for a while and has not made any harsh statements. There is no further clear trend, and most likely we are entering a phase of waiting for the big players’ actions and decisions of large investment funds and central banks. On Wednesday, the DAX index rose by 0.54% and closed at 12380. The S&P500 index has also grown by a modest 0.5%, but it can be seen that it is not yet very clear on what mood to grow higher.
Euro
The European Union has made every effort to reach an agreement with the UK by the end of 2020. This is a great step for the European Union to further settle relations over Brexit. Rather, EUR/USD pair will be in a small range in summer. The focus now is on the central banks to solve their local problems and try to restore the economy. Wednesday for EUR/USD pair ended at 1.1230.
Gold
There’s nothing wrong with the gold market yet. As long as the US Federal Reserve’s corporate debt buying program is in place, gold will not go anywhere lower. Now a certain range has been formed, but soon, buyers will have to prove themselves. On Wednesday, gold was traded at $1726 an ounce.
What’s waiting for us today?
08.00 New Zealand GDP for the 1st quarter of 2020
09.30 Swiss National Bank interest rate decision
13.00 Minutes of the meeting of the Bank of England. Interest Rate Decision
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