CommoditiesForexMarket Review

Sanctions approved by the US for China

With the Hong Kong law in place to steal freedoms, they were promised, the US has responded with approved sanctions on banks that do business with Chinese officials involved in the national security law. A law that many lawmakers said violated the government’s promise to honour the autonomy of the former British colony.

In the meantime the FED is driving gold prices and has indicated that they will go on buying stocks again simply inflating the artificial prices which only makes the economy look worse from an investment standpoint. The dollar is ranging so be quick to take some profit when we get our initial moves towards the target and keep risk tight until we close out the week. 

EURUSD: SELL

Our target is 1.1160

GBPUSD: SELL

Our target is 1.2170

USDCAD: BUY

Our target is 1.3740

GOLD: SELL

Our target is 1744.05

5 Comments

Leave a Reply

Back to top button