The RBNZ kept its interest rate on hold and we are awaiting the releases for the USD and testimony by the Fed Chair Jerome Powell
Tag - gold
A calm trading session with the US-China trade updates in focus
Welcome to the new week with FBS!
The USD is feeling fine. Discover the key technical levels for EUR/USD, GBP/USD, USD/JPY, and other pairs.
Gold had a steep drop on Thursday against the USD, however Friday starts with a strong potential for the bulls
XAU/USD ran into the resistance area around $1,515 which has been limiting the upside since the start of October - gold hasn’t closed above this level on the D1.
Quiet Monday on the Forex market
The main focus for today will be on the American jobs data at 14:30 MT.
Consolidation of EUR/GBP, bearish EUR/USD and sideways gold with rise potential.
Quiet market ahead of the big week
GfK and Ifo indicating steady sideways movement, market reacting with modest bullish direction.
The market is awaiting the ECB monetary policy statement