Market News

Stimulus economy packages: hopes and concerns Investors are now focused on the U.S. Presidential election, the U.K. and EU Brexit negotiations, as well as a second wave of the coronavirus. The breakdown below will shine a light on the market's current volatility. Market sentiment

 Gold prices surged on Friday after Trump approved a revised stimulus package and proposed increasing the size of the stimulus package to $ 1,800B and he wrote on Twitter on Friday: "  Frankly, I'd like to see a bigger stimulus that Democrats or Republicans are giving. "  Earlier, Trump announced that he would no longer negotiate with Pelosi over a much-needed fiscal stimulus package.

 After yesterday, Gold confirmed its price decline, yesterday Gold had a recovery span from 1876 to 1897 and ended the daily candle with a bullish green candle.  However, if we look at this daily candle, we can see that this bullish candle is only a weak recovery span even though it reached 1897, but at the end of the day, the price dropped to close at 1886, forming a long beard. Observing yesterday's candle and comparing with yesterday's (Tuesday's) candle, we can easily recognize yesterday's rally to have a more sustainable decline today.

We keep updating the series of DXY analysis comments on October 7, 2020  - Everyone reread and analyze the previous days to have a clear view!  - According to the news that I identified on October 1, 2020, the price area that I always mentioned of the DXY index, which measures the strength of the USD is 93.6 index points.  I said that if DXY breaks this price range, there is a possibility of going down or not it will continue to follow our expectation up to 94.5-95 points index.