Alpari - Analytics

Alpari

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Daily analytical report (07/10/16)

 

  • Worse than expected NFP is sending USD lower but gold and stocks higher.
  • Flash crash for sterling leads to a massive sell-off and causes a small panic on the markets.
  • Gold is defending its long-term 38.2% Fibonacci and 200 DMA.
  • NZDUSD is about the make the third similar bearish correction in a row (~360pips).
  • USDJPY is having a first bearish day after going up 8 days in a row.
  • AUDCAD should not close this week above 1.008 which could be a long-term sell signal.

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