Market Insights & Analysis

Gold is trading positive on Tuesday after holding the $1,800 level earlier in the day and reacting somehow positively to economic data. A mixed sentiment keeps the XAU/USD above that critical level and the metal is now signaling further gains. At least, it is what analysts from some banks are saying.

"Worried about losing on a position? AvaTrade has you covered." In that way, CFD and Forex trading platform AvaTrade promoted its new brand risk management tool AvaProtect on its website.

Over the last months, volatility across financial markets trended lower, as the CBOE Volatility Index (VIX) shows. The index is near the bottom of the COVID-19 crisis.

The coronavirus spike in the United States has affected the new normality, and the positive impression with the V shaped economic recovery charts. On Thursday, Johns Hopkins University published the new coronavirus cases in a 24 hour period, and it turned out to be 63,200 new cases.Even though Trump is not planning to shut down businesses and will prioritize the economy, it is possible that the COVID spike could affect people with anxiety. According to the Anxiety and Depression Association of America, anxiety is the most common mental health issue in US adults.So, it is possible that anxiety could alter the economy since people may not go out shopping, show up or be called back to work. The economic indicators and charts are already indicating that the initial speculations of a V shaped economic recovery are not yet going to happen.

The decision taken by the court followed the legal framework in the European Union and Ireland. The EU general court critiqued the European Commission for failing to follow requisite legal standards to demonstrate that Ireland broke the law in its intention to provide a friendly taxation environment to Apple.