Currency stores in Hong Kong are running out of dollars to exchange as locals rush to trade up and buy dollar currency. This high demand is sparked by Trump’s interference in Hong Kong, now we need to wait and see how Chinese policymakers seek to respond to the US.
With that said we should see a stronger dollar going into Wednesday, this will mean we will get a short term drop in foreign currencies and gold. Gold will be important to watch this week as we seek to get our initial long term buys soon.
But remember, it is the NFP week which means that trading can be slow until Friday.
Our target is 1.1036
Our target is 1.2275
Our target is 1.3933
Our target is 1680.00