USDJPY currently is fluctuating within (111.870, 112.500) range. Without any big data or events' stimulate, aggressive traders may attempt "buy low sell high" strategy within the fluctuation range. The US retail sales data may bring an opportunity to enter the market. Therefore, pay strong attention on the 111.870 support and 112.500 resistance, see if there is...
Fundamental analysis: Last week, due to risk aversion mood by investors and Trump criticised on FED's policy, gold price rose up that broke through the descending trend line since April 12th. Since DXY has already entered its descending tunnel and gold price needs more stimulates in order to rise even higher, I would expect the gold price to be fluctuating in the...
AUD is test its vital resistance at 0.71300 once again. World financial market is in panic recently, while AUD as a traditional risk hedging currency has gained some ascending momentum. From yesterday we can see that shorting momentum is not as powerful as long positions. For day trading, pay special attention on 0.71300 and check if it can be broken through. If...
Fundamentally, DXY has entered its descending tunnel and the world financial market is still in panic. If Trump still might comment on FED's monetary policy, it would drive the gold price up once again. Technically, Gold price has broken through the descending trend line since April 12th, which means gold price has technically entered into ascending period. As...