How to trade during Martin Luther King Jr Day.
Tag - gold
In times of political and economic uncertainties, analysts recommend investing in safe-haven assets. However, since recently, the USD with the weak American economic data and the easing monetary policy has been losing its status. What about the JPY and XAU? The situation is unclear.
Check key levels for GBP/USD, EUR/USD, XAU/USD, and AUD/USD.
American iInflation data may affect the USD. Safe-haven assets are down ahead of the agreement between the US and China.
The advance of gold (XAU/USD) this week has been too rapid. The precious metal got overbought.
Iran retaliates, Donald Trump will announce the next step by the US today. Gold flies up to $1,600 per ounce.
American trade balance and ISM Non-Manufacturing PMI may affect the US dollar. As a result, major pairs may change their direction.
The Middle East tension pushes the market into a cautious mode; oil, gold, and the safe-haven currencies gain.
The new year has started with the escalation of tensions between the United States and Iran…
The market sentiment is still off due to the Iran-US tensions.The Japanese markets are open after the holidays. As a result, markets are open with a gap.
The market sentiment is off due to the Iran-US tensions.
Coming to the year-end, the USD is the weakest among the majors. The USD's slip may prolong in 2020. Get clues on the risks for the USD and check the direction of EUR/USD, GBP/USD, USD/JPY, USD/CHF, and XAU/USD.