Analysis of key markets.
Gold was up on Monday morning in Asia, edging up from the over seven-month low seen during the previous session. A weaker dollar gave gold a boost, although gains were capped by higher U.S. Treasury yields.
The U.S. dollar was sold to multi-year lows against sterling and the Australian and New Zealand currencies on Monday, as investors cheered vaccine progress and wagered on the pandemic recovery bringing a global trade boom and an export windfall.
Oil prices rose on Monday as the slow return of U.S. crude output that was cut by frigid conditions raised concerns about supply just as demand is coming back from the depths of the coronavirus pandemic.
If there is a negative correlation between markets, it means one of the
markets’ price will go up, while the other will likely drop. When you trade
each of these assets, you might succeed in any market, by avoiding the steep
climbs and large dips expected with a single market type. In the same way,
positively correlated markets could enable you to profit from both markets if
the price moves in the direction that you speculate.
The real-time Economic Calendar covers financial events and indicators from all over the world. It’s automatically updated when new data is released. The Real-time Economic Calendar only provides general information and it is not meant to be a trading guide.