CommoditiesForexMarket Review

Gold up, Dollar down

It seems, for now, we may see a weakened dollar over the next couple of days as the unemployment numbers come out and we get a better sense of the economy’s health.

We can expect to see more worrying headlines in the China/US conflict over the coronavirus, and if Beijing continues to dump US treasuries then we could see a strong decline in the dollar for the year, the next couple of weeks will be crucial, but we are expecting long term buys in Gold soon.

Even though things are calming down in some countries continue to stay observant to the coronavirus, as people become more relaxed this may spark a second wave of infections


EURUSD: BUY

Our target is 1.0860

GBPUSD: BUY

Our target is 1.2490

USDCAD: SELL

Our target is 1.3980

GOLD: BUY

Our target is 1750.00

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