A bullish rally in the commodity market | 06 May 2020

06 May 2020, EUR/USD

A bullish rally in the commodity market

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 the precious metals and energy markets. Money still continues to flow into gold-backed ETFs, data showing a seventh-straight day of inflows on Monday, equivalent to a net 308,000 ounces, with U.S. funds dominating. Oil is rebounding as more and more U.S. states move to reopen their economies, underpinning demand that had collapsed in March - April under the pressure of mandatory lockdowns.

Trading recommendation: Buy 1.0800 and take profit 1.0855.

David Johnson
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus