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 …
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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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