Risk Aversion in the Forex Market

Risk Aversion in the Forex Market, forex signals, etherum at risk, oil prices capped,

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Risk Aversion in the Forex Market

Risk Aversion in the Forex Market talks today continue;

Whilst looked at the U.S. Dollar via DXY; The US Dollar appears to be trying to mark a bottom, as near-term price action shows higher-highs and higher-lows. But main factors key here is the fact that while the US Dollar has shown some element of strength; giving this more of an appearance of continued risk aversion than a legitimate USD-bull scenario.

For a continuation of risk aversion; GBP/JPY is a very attractive as the currency pair has broken below a key support level under-side trend-line from the pattern of a wedge that’s shown in the pair. GBP/JPY prices have moved that under-side breech, opening the door for short-side exposure.

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EUR/JPY as an option for a reversal of risk aversion; with GBP/JPY is showing a bearish move, EUR/JPY has held support around the 128.50 level, which is the 38.0% Fibonacci re-tracement of the pair, as well as being support for the latter portion of July.

EUR/USD, price action is finding support in a confluent zone that runs from 1.1688-1.1739. U.S. CPI report tomorrow will be crucial for this move; with another test of support in this zone.

Oil Prices Capped by Opening Range, U.S. Outputs

USOIL climbed to a fresh weekly high ($50.11) as the Petroleum Exporting Countries (OPEC) raised its outlook for global demand and plans to strengthen its commitment to curb production.

Risk Aversion in the Forex Market

oil inventories moved another 6453K barrels in the week ending August th 2017; figures out of the U.S. Energy Information Administration showed crude oil production elevated, with field outputs holding near the 2017-high (9,500).

Ethereum at Risk Near-term Rally of Price to Fresh High

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