While protests are raging in America, many investors believe that these actions will soon be over and the economy will move forward. The situation is ambiguous, as many analysts believe that American society is on the verge of civil war because of the complicated racial situation.
European markets are optimistic about the situation and believe in economic recovery. The DAX index is rising to 12021. Still, a share of tension remains as the problems between the U.S. and China are growing. Countries are beginning to play against each other. In particular, China has banned imports of pork from the US. The US stock market was traded mixed. Due to strong protests in the regions, as well as curfews in New York, investors are concerned about the further development of the situation.
Euro on Tuesday shows excellent growth throughout the trading session. Due to the weakness of the dollar and big problems caused by the protests, the Euro gets a chance to become a growth leader this week. The level of 1.1150 is taken, ahead lies 1.12 and a possible move above 1.1230-1.1250. There is a possible reversal if the USA is clear about the situation with the protests.
Oil on Tuesday shows another day of growth. Black gold is already moving steadily to $40 per barrel in four consecutive trading sessions. Optimism about the OPEC+ meeting by the end of the week is moving the markets forward. There are no particular reasons for the price to fall so far, but OPEC+ decision is still a priority now. On Tuesday, WTI oil traded at $36.80 per barrel.
Tuesday wasn’t a good day for gold. The metal trades in the sideways trend and can not decide on the direction. On the one hand, there is a large amount of liquidity that entered the market, on the other hand, there are facts that point to economic recovery and quarantine in leading European countries. It is not yet clear who will prevail. On Tuesday gold falls and trades at $1727 per ounce.
What’s waiting for us today?
04.30 Australia’s GDP.
09.00 Change in the number of unemployed in Germany.
11.30 UK PMI Composite Index
15.15 Change in the number of non-agricultural employment in the United States
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