News | Forex Optimum

News

News

Gold to soar to $2300 at the beginning of 2021 – ANZ

FXStreet reports that economists at ANZ Bank maintain a positive outlook for the yellow metal as coronavirus cases are surging all over the world. 

“The outlook for gold is positive amid mounting economic concerns due to COVID-19 surges.”

“Approval of a US relief package will be the trigger for price upside. Accommodative central bank policies and liquidity injections are broadly supporting the market.” 

“Physical demand is recovering ahead of the festive season, so we see the gold price reaching $2,300/oz early next year.”

You may also be interested:

15:28 22.10.2020
European session review: USD firms amid renewed uncertainty over U.S. stimulus and surge in global coronavirus cases
TimeCountryEventPeriodPrevious valueForecastActual08:30United KingdomMPC Member Andy Haldane Speaks    09:25United KingdomBOE Gov Bailey Speaks    10:00United KingdomCBI industrial order books balanceOctober-48-45-34USD strengthened against most of its rivals in the European session on Thursday as renewed uncertainty about a new stimulus bill in the U.S. and a surge in global COVID-19 cases boosted demand for safe-haven assets.The U.S. House Speaker Nancy
14:43 22.10.2020
GBP/USD: Trade talks resume quickly reinforcing optimism for further gains - MUFG
FXStreet notes that the pound is still only middle of the range despite Brexit optimism after sharp gains on Wednesday which lifted the cable to an intra-day high of 1.3177 and lowered EUR/GBP closer to the 0.9000-level. All eyes are on a Brexit deal, which economists at MUFG Bank believe will be reached, suggesting further upside for the sterling.“While broad-based US dollar weakness helped to lift cable, it was primarily a pound driven move on back of positive Brexit developments. The UK
14:21 22.10.2020
EUR/USD proves resilient to darkening outlook for eurozone recovery - MUFG
FXStreet notes that the euro has benefitted from the broad-based weakening of the US dollar so far this week. It has helped to lift EUR/USD back towards the middle of the trading range between 1.1600 and 1.2000 that has been in place since late July. The shared currency has held up well recently even as eurozone fundamentals have been deteriorating, as economists at MUFG Bank note. “The surge in new COVID-19 cases in the eurozone remains alarming. According to our calculations, the number
Deposit
options
Trading
platform
download
Bonuses VIP