With trump promising a deal or no deal concerning the trade war meeting that taking at the G20 summit we all know that the china has been purchasing Gold for the past three months and im sure they would be happy to sell it at a premium after Gold broke 2018 highs waiting for double top pattern and flag pattern to break before entering sells
with the rally Eurnzd has had since last week on backing of cut rates of nzd it might find itself taking a breather at this resistant zone of price again with Draghi about to speak Eur might tank but the general direction is bullish
This pair has come to what i call a resting zone a serious support zone My bias is Long but with the momentum being with the Bears and them trying to break the zone in a form of a retest my thinking bulls have been seating a that zone just to push back again this battle stated in JAN and the bulls have always taken it. lets see it play out
usd cad fairly bullish with Today is all set to be an interesting trading day as the fundamental side is fully loaded with top-tier economic events, including Fed Chair Powell’s speech, BOE Bank Stress Test Results, BOE Financial Stability Report and Crude Oil inventories. The US GDP especially is known to drive immense volatility in the markets.