Market Update: Forex – Gold – Oil – ASX200

สิงหาคม 13, 2020
by Joseph Jeffriess, Market Analyst

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

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