After many days of the low volatility we have finally seen some bigger movements on the global stock exchanges, especially on the American one. North Korea and Trump are to blame here. In this situation we do have a risk off mode on the market and traders are escaping to safe heaven assets like Gold, CHF, JPY and... USD. Today we will show you the same instruments as yesterday as all of them moved in the direction expected by the Alpari Team.
First will be Gold, which broke the upper line of the bigger flag formation and triggered the mid-term buy signal. Closest support now is the 1264 USD/oz
Next on is EURUSD, which used the wedge to continue the downswing from Friday. We are really close to the recent up trendline and we should test that support soon.
Last one is the dollar index which also used the wedge but in this case to climb higher and to break the long-term down trendline. Sentiment here is positive and we should see a continuation of the bullish movement in the next few days.
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NFP and North Korea push USD in the same direction
Published 08/09/2017, 07:25 AM
NFP and North Korea push USD in the same direction
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