CommoditiesForexMarket Review

Trade war could become a cold war

As Beijing made clear the US is pushing China to this point, with the trade war tensions arising, this may only be a ploy from China to get the US to back down before they resort to more drastic measures. 

While we may see a higher rising dollar at the start of the week, we do expect weakness to come through as a collapsing dollar seems more and more likely. Consider that the dollar as a currency and that gold is what can really be called money, hence this week we will be monitoring very closely the actions of gold as we seek for the long term buy positions.


EURUSD: SELL

Our target is 1.0840

GBPUSD: SELL

Our target is 1.2120

USDCAD: BUY

Our target is 1.4020

GOLD: SELL

Our target is 1700.00

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