Correlation between the Euro and gold | 15 Tháng Chín 2020

15 Tháng Chín 2020, EUR/USD

Correlation between the Euro and gold

EURUSD trading plan:

A bullish rally in the precious metals market will have a positive impact on the value of the Euro, since the European currency and gold are correlated with each other. The two-day monetary policy meeting of the Fed’s Federal Open Market Committee for September begins today, with Chairman Jay Powell wrapping the event with a news conference on Wednesday. While U.S. interest rates themselves are unlikely to generate any news at the meeting — with the central bank looking most comfortable with its zero to 0.25% holding rate — Powell will likely revisit at his news conference the Fed’s mission of higher-for-longer inflation. This is a positive signal for gold.

Trading recommendation: Buy 1.1870 and take profit 1.1920.

David Johnson
Analyst of «FreshForex» company
Đồng ý với đánh giá?
Ý kiến ​​của thương nhân:
Close
Đăng nhập
Trình duyệt của bạn không hỗ trợ cookie Nếu cookie đã bị vô hiệu trong trình duyệt Internet của bạn, bạn có thể gặp vấn đề với việc hiển thị Khu vực cá nhân. Cách bật hỗ trợ cookie .