Within the U.S., COVID-19 infections have climbed in 35 states over the past 14 days.

Notwithstanding, both the Dow Jones and S&P 500 indexes closed their best quarterly performance in more than 20 years, while the Nasdaq Composite demonstrated its best quarter since the 2001 dotcom crash. Stocks, thanks to the Federal reserve’s liquidity injections, recovered from the lows seen in late March when the coronavirus crisis brought business activity to a halt.

Meanwhile, U.S. Treasury Secretary Mnuchin said the Treasury and Fed were looking at extending the Fed’s emergency lending facilities, but additional types of COVID-19 financial injections will likely need to be initiated by Congress under the next phase of stimulus.

The Fed’s Powell stressed that the ‘overriding goal’ of the central bank’s facilities is to help get the roughly 25 million workers who lost jobs during the pandemic back to work, while consumer confidence will be key in addressing a possible second wave of COVID-19 shocks.



Gold futures briefly hit a $1,800 mark per ounce, marking the precious metal’s first settlement above this threshold since September 2011. Gold also hit an intraday high of $1,804, its highest level since Nov. 8, 2011.

There’s an “explosion” in demand for gold, and investors continue to pile into gold-backed exchange-traded funds, with corresponding holdings at a record. Many factors contribute to this: risk of a more prolonged and more morbid COVID-19 pandemic, escalation of the U.S.-China economic and political tensions, but above all – unprecedented monetary stimuli carried out by world’s largest central banks.

It is the off-peak season for gold now, and the fact that gold grows breaking its seasonality is a very good sign for the bullion indeed.



Papa John's second-quarter comparable sales at worldwide pizza restaurants were up 22.6%. At North America franchised restaurants, the figure was up almost 30%.

The pizza making company boasted that almost all traditional restaurants in North America remain open and fully operational. A number of its non-traditional restaurants located in universities and stadiums are temporarily closed. About 225 of its about 2,100 international franchised stores remain temporarily closed, mostly in Europe and Latin America, in accordance with government policies.

This is a very good news for the fast food company as many of its rivals struggle to stay open amid COVID-19 restrictions, which means Papa John’s is likely taking their market niches. Papa John’s stock climbed 1.25% yesterday, and its technical chart shows an apparent exit from the month-long sideways trend.

This material is for informational purposes only and should not be construed as investment advice, nor should it be considered information sufficient upon which to base an investment decision. There are risks associated with trading and investing, including but not limited to the use of leverage, which may accelerate the velocity of potential losses. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. Financial markets are subject to rapid price fluctuations due to adverse political, social and economic developments. Financial transactions may not be suitable for all investors, depending on their financial sophistication and investment objectives. You should seek the services of an appropriate professional in connection with such matters. The information contained herein has been obtained from sources believed to be reliable, but is not necessarily complete in its accuracy and cannot be guaranteed.

Analysis feed

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Analysis

Latest Forex Analysis

Editors’ Picks

EUR/USD bounces after upbeat COVID-19 cure news

EUR/USD is trading above 1.13, rebounding from the lows. Gilead reported that its drug Remdesevir substantially reduces mortality among COVID-19 patients. The news boosted stocks and weighed on the dollar. US coronavirus statistics are due out.


GBP/USD recaptures 1.26 as the market mood improves

GBP/USD is trading above 1.26 as the market mood improves and the safe-haven dollar retreats. Investors are shrugging off Brexit concerns and focusing on hopes to cure coronavirus. US COVID-19 statistics are due out.


XAU/USD consolidates daily gains above $1,800

After advancing to its highest level since September of 2011 at $1,818 on Wednesday, the XAU/USD pair staged a correction and briefly dropped below $1,800 on Thursday.

Gold News

Cryptocurrencies: War for dominance hit the bedrock of the market

Bitcoin tried to regain market share and activated sales in the Altcoin segment. BTC/USD, ETH/USD and XRP/USD are looking for supports and a rebound to push them to new elative highs. The current compression on the XRP/USD chart could trigger an exploding movement.

Read more

WTI once again breaks $40 per barrel after trading lower in early EU trade

There has been quite the bounce in WTI since the EU session after some strong selling pressure during Thursday and overnight. Once again on Friday's session, the price has taken the USD 40 per barrel handle. 

Oil News

Forex Majors