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Market Update: Forex, Indexes, Gold and Bitcoin

jeffriess
สิงหาคม 10, 2020
by Joseph Jeffriess, Market Analyst

Hi traders, today we take a look at the USD, risk majors so far today, indexes, Gold and bitcoin.

Friday saw a mixed finish with a pull back from the USD to the CHF but a solid rally to the CAD and risk majors. Risk majors have held small gains to the USD but close to London selling pressure has returned. Will we see continued momentum from the USD remain or will current trends continue to remain in play from the EUR, AUD and GBP?

The ASX closed out a strong start to the week, the US30 has been bullish so far in the out of hours. If buyer momentum remains will we see a test of the June high? (27,631)

Bitcoin is seeing a strong session, buyers making a mini breakout and touching 12k. We would like to see 11856 hold to show buyer strength. Gold has been fighting back from session lows but remains in the red for a 2nd session. Could this be the start of a new consolidation forming in the trend?

Today’s Market Analysis Video

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