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01.02. Fresh trading analysis: markets are up, new economic data

Monday, February 1st, today’s news—growth on Wall Street and on European markets after a tumultuous week. Germany posted weak retail sales data amid the stricter lockdown, Eurozone factory recovery slowed down, Dow futures rose almost by 200 points. The price of Brent oil is $55.51, WTI—$52.49, EUR/USD is at 1.2087, …

Gold analysis

Futures contracts for gold prices fluctuated in an upward sloping range during the Asian session amid the decline in the US dollar index according to the inverse relationship between them following developments and economic data that they followed on the Chinese economy, the largest consumer of minerals in the world …

AUDUSD analysis

The Australian dollar fluctuated in a narrow range that tends to rise during the Asian session, to witness its retracement to the second session in three sessions from the lowest since December 29 against the US dollar, following the developments and economic data that they followed on the Australian economy …

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