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Tuesday, August 18, 2020

FX Signal Brief for Aug 18

 


Author: Ahsanur Rahman
Admin@greenforexclub

US Market Wrap 

US markets are back thumping on the entryway of record-elevated levels with both the NASDAQ and S&P 500 looking especially solid. 

Tech has truly been the pioneer of ongoing occasions and that has seen the NASDAQ lead the COVID recuperation. Be that as it may, the SPX looms as a major breakout up-and-comer if these highs can be taken out. 

Simultaneously, we saw all the more selling in the USD yesterday. The falling Greenback pushed the majors to see some more upside lead by the AUD/USD, while there were additionally gains in key items. 

By and by it was GOLD that saw some upside, nonetheless, the yellow metal was likewise helped by news that Warren Buffett took a stake in Barrick Gold as of late, giving the gold bugs bounty to crow about. 

In the interim, the consideration is back on the crypto world, after BTC set a solid meeting lastly got through the key $12,000 level. 

The Data Agenda 

Information is looking especially slender today just like the case yesterday. 

The primary information purpose of note will probably be US building licenses which is relied upon to show 1.320M grants gave a month ago, while we will likewise observe lodging begins. 

There is a gathering of EU fund pastors occurring also, however I don't have the foggiest idea how responsive the EUR/USD will be to the procedures. 

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