Correlation between the euro and commodities | 08 5月 2020

08 5月 2020, EUR/USD

EURUSD trading plan:

A bullish rally in the commodity market will have a positive impact on the value of the European currency. Investors are increasing their long positions in gold and oil. Traders sought the safe-haven yellow metal after the U.S. said on Thursday that 3.169 million Americans claimed unemployment last week. The country now has an unemployment rate of 16% as more than 31 million people have lost their jobs since late March. Nascent signs of rebounding gasoline demand in the U.S. and a rapid curtailment of oil production that has seen U.S. producers cut over 1 million barrels per day of output in a matter of weeks.

Trading recommendation: Buy 1.0830 and take profit 1.0880.

David Johnson
Analyst of «FreshForex» company
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.
manager photo manager photo
Online-support
我们很高兴回答您的问题

提交申请

Get bonus