Correlation of Euro and gold | 30 سبتمبر 2019
30 سبتمبر 2019, EUR/USD
EURUSD trading plan:
Good news and bad news for the Euro. The good news is the negative dynamics in the U.S. government bond market. The decline in bond yields will have a negative impact on the value of the U.S. currency. The bad news is the negative dynamics of the precious metals market. We are expecting the continuation of the bearish rally in gold. Gold futures for December delivery lost 0.7% at $1,493.35 per ounce. Gold prices fell as safe-haven demand took a hit by reports that Saudi Arabia would agree to a ceasefire in Yemen, where it has been fighting anti-government Houthi rebels for the last four years.
Trading recommendation: range 1.0885 -1.0951.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
