Market Update: Forex – Gold – Oil – ASX200
Hi traders, today we take a look at AUD, EUR, GBP to USD, Gold, Oil and the ASX200.
Risk majors have so far been higher to USD, with price looking to form continuations. AUD/USD has lagged so far despite better than expected Australian employment data. This could have also been an influence on the ASX200 as it closed 0.67% lower despite higher US leads. The Jobs created report could have been low on the full-time numbers.
Gold remains higher, holding gains but there’s resistance from 1,947 and price is currently in consolidation in its 4-hour downtrend. Oil closed above $42.40 yesterday which is a good sign from buyers that they’re trying to break out of the current range. We would like to see further ground made by buyers to start confirming a possible new leg higher.
Data to come;
10:30 pm AEST US Unemployment Claims
Today’s Market Analysis Video