The week 27.07.- 31.07.2020

Many important events were on traders’ agendas last week: The FED meeting, the GDP figures, corporate news and the US Congress hearing of major business leaders. Many observers had already “written off” the week on Monday, but retail investors were of a different opinion. Thus, the market moved in a completely democratic way in the direction that the sentiment had ruled out. This picture was already evident throughout the month of July. The emotional turmoil in the market caused ONE SIGNAL to lose 1.87%, while the S&P500 made a profit of 1.59%. This week again, the gold price rose the most and achieved a gain of 3.48%. Oil prices and US T-bonds closed the week down.