After a week trending downwards, gold was up Friday morning in Asia as investors waited for news from the U.S. on a $1.9 trillion stimulus package proposed by President Joe Biden.
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.
➕ Industrials ➕ Financials ➖ Resources (in ranking order)
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.
A quick reminder of what happened in the markets yesterday.
The Dow cut its gains into the close but still ended higher Thursday, driven by mostly bullish quarterly earnings and a rise in cyclicals on expectations the economy is set to rebound strongly.