Correlation of Euro and gold | 30 Septiembre 2019

30 Septiembre 2019, EUR/USD

Correlation of Euro and gold

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.

TRADE METALS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.