|Data di regolamento||2020-08-27|
|Min-Max giorno||1.781,20 - 1.797,60|
Stock markets are set to finish firmly higher today as the bullish sentiment from China spilled over to the west.
The Aussie Dollar has yet to take a hit, in spite of the latest COVID-19 spikes. Failure to contain the spread, however, will test the Aussie’s resilience.
Equities continue to beat bitcoin’s performance, but everything is making gains Monday.
The U.S. Dollar is going to keep going down as long as the economic data keeps improving.
Strong gains in Chinese equities spilled over into US stocks which paved the way for higher gold prices. Stronger than expected US ISM services numbers helped add to riskier assets, which have been highly correlated gold, helping to buoy the yellow metal.
US stock markets rallied significantly on Monday, perhaps following the Chinese lead overnight or perhaps moving based upon the ISM Nonmanufacturing numbers.
The silver markets rallied a bit on Monday to kick off the week, reaching towards the $19 level. We still have the same resistance to deal with.
The crude oil markets rallied a bit against the backdrop of a positive Monday but find quite a bit of noise just above that they need to deal with.
Gold markets went back and forth on Monday, reaching towards the $1800 level but it looks like we still have the same resistance in that region.
Silver is moving up quite shortly today, which sounds bullish, until one realizes that silver tends to be strong right before the precious metals market tops.
Silver managed to settle above $18.00 and is ready to test the nearest resistance below $18.50.
The direction of the September E-mini S&P; 500 Index the rest of the session on Monday is likely to be determined by trader reaction to 3129.00.
British pound rallied a bit on Monday. This was helped by Chinese equities kicking off with the bank, bringing up the amount of risk appetite around the world.
S&P; 500 futures are pointing to a higher open amid global market optimism.
“Avangrid has above-average EPS growth potential from utility and renewables opportunities, along with upside options not yet priced in,” wrote Morgan Stanley.
The direction of the August Comex gold futures contract on Monday will likely be determined by the pair of 50% levels at $1787.00 and $1780.90.
Add the U.S. presidential election to the growing list of volatility drivers as the bitcoin market enters the second half of 2020.
Bitcoin’s positive correlation with stocks continues Monday, with the cryptocurrency drawing bids alongside gains in global equities.
In order to sustain the rally, inventories are going to have to continue to drop and people are going to have to continue to work, plain and simple.
In order to get gold moving to the upside in dramatic fashion, the rise in COVID-19 cases is going to have to derail the economic recovery.
Daily forecast and trading signals of forex majors, commodities, cryptocurrencies and indices.
As far as the AUD/USD and NZD/USD are concerned, the price action is disconnected from central bank activity.