AUD & NZD Surges, Crude Oil Soars and Silver Skyrockets

WikiFX News (22 July) - Among the three U.S. stock indices yesterday, Nasdaq 100 index closed lower, while other two indices ended higher. Forex market reflected an obvious risk appetite, with AUD, NZD and NOK (the petroleum-related currency) the sessions winners. In addition, the prices of crude oil and silver keep rising.

However, their victory came at the expense of USD and JPY, the safe haven currencies.

In terms of commodities, the optimistic environment pushed both Brent crude oil and copper to finish above 1.60%, with silver price jumped by 6.85%. Besides, the EU adopted the 750 billion euro stimulus agreement, swelling EUR/USD.

In view of the fundamental, once the crude oil price spikes over $45.51, there may be a moderate but notable recovery in its demands, which is a sign of economic stabilization.

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