Correlation between the euro and gold | 05 Marzo 2021

05 Marzo 2021, EUR/USD

Correlation between the euro and gold

EURUSD trading plan:

The bearish rally in the precious metals market has a negative impact on the value of the European currency, as the euro and gold are correlated with each other. U.S. Federal Reserve Chairman Jerome Powell disappointed investors with his views on the Treasury yields pushing bond yields up. The U.S. 10-year yield topped 1.5%.Powell repeated his pledge to keep credit loose in a speech to the Wall Street Journal jobs summit and added that although the rise in yields was “notable”, he did not consider it a “disorderly” move.

Investment idea: sell 1.1970 and take profit 1.1930.

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.