Daily analytical report (09/02/17)
Source:
Alpari
Forex Market Review
967
0
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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.
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GBP goes up, continuing the buy signal from the hammer on the D1 two days ago.
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Despite positive sentiment on stocks, precious metals are still pushing higher. Both silver and gold made new mid-term highs yesterday.
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Oil goes up despite worse than expected EIA data about stockpiles. A decline in numbers was largely anticipated before and after the API data.