Live FxPremiere Group for US Dollar Riding August Uptrend as Risk Appetite Deteriorates
US Dollar Riding August Uptrend as Risk Appetite Deteriorates
US Dollar Riding August Uptrend as Risk Appetite Deteriorates as forex market moves on with nexs on DXY.
Even as the DXY Index has maintained its August uptrend, USD/JPY sits low on its monthly lows and Gold month highs.
Surge in Japanese Yen and Gold, drop in global equities a fore boding sign ahead of the weekend.
Risk appetite has been slowly deteriorating through August 2017 even as the US Dollar rebound (via DXY Index) has gathered paces seen. Federal Reserve’s Economic Policy Symposium set to take place from August 24th to 26th 2017.
Given how sensitive higher yielding currencies and risk-correlated assets are behaving right now – remember markets react to US Trump Strategy Policy Council earlier this week? Crude oil prices edged up on dropping US inventory data; while gold prices were steady after two days a drop in profits.
- US Dollar may rise as FOMC minutes at third 2017 hike.
Trading Outlook for US Dollar, JPY pairs, Gold, Oil
The US Dollar Index continues the move within the upward channel; has a corrective look to it . It could take some time before making a material moves.
EURJPY turned down resistance bringing the topping possibility into play. It’s at neck-line and longer-term support right now, but a clean break should kick off another leg lower.
Read more on Fx Asian Markets
FxPremiere Group states that the Best times to trade forex are always after market news releases