The end of July turned out to be extremely volatile for capital markets. August is traditionally considered a troublesome and unpredictable month for finance and assets; nonetheless, the beginning of the month may let us pause and make our thoughts clear.
Author: Anna Rostova
The first half of this abnormal year 2020 was hard for the crypto market as well. As we see, cryptocurrency prospects to become a safe-haven asset have failed but what if they have other advantages?
The beginning of the last week of July looks totally unexpected: the euro has renewed its two-year peaks, gold has hit its all-time high, while cryptocurrencies have at last demonstrated a clear trend. What is next?
A new week of July is going to be quiet: statistics are scarce, the EU leaders keep discussing what money to use for restoring the economy, oil remains under pressure, new cases of the coronavirus keep multiplying. Nonetheless, the currency market is cheerful, eager to risk.
The new week of July will be full of statistics, news from global Central Banks and, perhaps, fresh OPEC+ information. Miss volatility? It seems to be at the door.
Another week of July is already here, and the expectations are neutral. It offers statistics – but not fatal, actions of Central banks – but predictable, and news – but pretty stable. It is high time to breathe out and relax a bit unless the news flow brings up something unexpected.
On Friday, July 3rd, the XRP cryptocurrency remains within a flat, trading at 0.1762 USD. It has a chance to escape it but needs a bright driver.
The new week when June ends and July begins, will be full of statistics, influencing the currency market. The coronavirus is showing itself again – hence, there will be no room for boredom.
By the end of June, the financial market has received almost all the information it expected. What is left are just statistics and the end of the quarantine — for the world to start functioning at a full scale. This week, there is the macroeconomic data planned for publication alongside general economic events — all in all, plenty of things to pay attention to.
The new week of June will bring about plenty of statistics and continue the season of Central Bank sessions. You will definitely not get bored; for now, investors are more interested in safe-haven assets, which may change the local exchange trend.