Alpari - Analytics

Alpari

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Daily analytical report (09/02/17)

  • EURUSD fails to break the neckline of the short-term iH&S formation and goes lower. Also negatively influenced by the weak German export data.
  • GBP goes up, continuing the buy signal from the hammer on the D1 two days ago.
  • Despite positive sentiment on stocks, precious metals are still pushing higher. Both silver and gold made new mid-term highs yesterday.
  • Oil goes up despite worse than expected EIA data about stockpiles. A decline in numbers was largely anticipated before and after the API data.


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