Here is what you need to know on Tuesday, August 4: The dollar extended Friday’s gains at the beginning of the day but finally gave up during US trading hours. The greenback appreciated without a clear reason beyond position adjustment at the beginning of the month. The EUR/USD pair bounced from around 1.17, while GBP/USD found buyers around 1.30, clearly reflecting the limited interest for the dollar. All in one, it seems that the corrective advance of the American currency is already complete, and there are no reasons for it to extend its gains. Equities surged, in detriment of safe-haven assets. Tech shares led the way higher within the American afternoon. The pandemic remains in the eye of the storm. Somehow, it seems that the number of new cases in the US has stabilized, although Richmond Fed President Barking said that the coronavirus resurgence is dampening the pace of the US economic momentum and the path of the economy depends critically on the path of the virus. The Aussie got hit by the latest curfew in Victoria, as the government seems incapable of containing the latest outbreak. Gold retained its gains, holding above $1,940 a troy ounce. Cryptocurrency Market News: Ethereum on its way to regaining $400 while BNB hit a new high at $22.5 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Waal Street Close: NASDAQ at record highs, S&P 500 set on filling the gap FX Street 3 years Here is what you need to know on Tuesday, August 4: The dollar extended Friday’s gains at the beginning of the day but finally gave up during US trading hours. The greenback appreciated without a clear reason beyond position adjustment at the beginning of the month. The EUR/USD pair bounced from around 1.17, while GBP/USD found buyers around 1.30, clearly reflecting the limited interest for the dollar. All in one, it seems that the corrective advance of the American currency is already complete, and there are no reasons for it to extend its gains. Equities surged, in detriment of safe-haven… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
