FOMC Failed To Bring Volatility: All Eyes On The NFP Now

Published 04/06/2017, 07:45 AM
Updated 05/14/2017, 06:45 AM

FOMC did not bring any major movements to the Currency Market. Only stocks were influenced but in today's video we will focus only on FX and gold.


EUR/USD is still in the sideways trend waiting for a breakout. Daily change is around 50 pips and it seems that we are all waiting for the NFP, which will be released on Friday. Payrolls could be a trigger for a breakout and a beginning of a new mid-term trend but for now we just have to be patient.


Gold was having a rough Wednesday. First we started with a dangerous bounce from the mid-term highs but at the end of the day, buyers managed to pull prices higher. We can still spot a buying pressure here and it looks like traders are getting ready for a bullish breakout.


AUD/NZD is in a symmetric triangle above the down trendline and a neckline of the iH&S. That creates a positive sentiment here and give hints that this triangle should result with a further upswing.

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