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16.07. Fresh trading analysis: oil prices and COVID-19 vaccine

Thursday, July 16th, today’s news—China's economy rose 3.2% in the second quarter instead of the predicted 2.5%, but the markets are down amid the escalating tensions with the US. European markets are also lower ahead of the ECB meeting, USD is recovering. The price of Brent oil is $43.45, WTI—$40.71. …

15.07. Fresh trading analysis: US indices and stock market

Tuesday, July 14th, today’s news—Dow futures rise 200 points as Moderna reports successful coronavirus vaccine trial. This also positively affects the EU markets, oil recovers from a drawdown, Asian markets under pressure amid the US-China tensions. The price of Brent oil is $43.45, WTI—$40.87. EUR/USD is at 1.1436, GBP/USD—1.2610, gold …

The origins of Forex

The modern international currency trade is only 42 years old, but in 2019 this market reached a daily turnover of $6.6 trillion (the estimate for 2020 is $10 trillion!). The single decision to remove the US dollar from the gold standard resulted in the creation of the world’s largest market. …

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