Did you get your bonus deposit?
Shortened week flew by so rapid, not sure if you even noticed how most of the securities closed in the red after Covid started putting a fight and cases started creeping back up in some places.
Some of you managed to squeeze in some deposits over the weekend and used the opportunity to get a bonus on it, congrats! Use that cash to make profits only though!
What moved the markets?
Gold prices continue the recovery after the latest upset, trading above $1800 since the negative sentiment caused by Delta variant and slumping bond Yields.
The conflict within the OPEC+ has left oil markets in a limbo. WTI prices suffered last week after reaching a 6-year-old time high. Traders are awaiting the fate of the prolonged OPEC + talks, and some believe that a collapse in the agreement may cause a new price war.
Risk aversion dominated the financial markets during last week’s trading, as stock indices faced a bearish pressure and a significant decline in the middle of the week. However, US stock indices bounced back strongly on Thursday and Friday as traders took advantage of the price drop opportunity.
EUR / GBP – a pair to watch
We hope that you guys are following our analysis closely since lately, we’ve been taking tons of profits, even though sometimes, our opinions here at Kumo offices would separate.
Eur/Gbp analysis from previous week is still intact and we believe the 0.850 – 0.852 level is going to be breached throughout this week. We have just attached the highs on last Thursday, following with consolidation and running the price lower late on Friday during the market close hours. This retracement that just happened during London trading hours, should be a nice entry point for those, chasing the lower prices.
What’s new to come?
USDC Withdrawals are here. We have just shared the news that now we accept deposits with stable coins, thus fallowing up to round up the circle of transactions allowing you to withdraw using the same method. We hope it helps!
Thursday looks to be big for us! Hope you are excited!