Friday’s impressive NFP release caused the Dollar to appreciate as expectations increased that the Fed may hike rates in December. Gold declined with force eating away at the 1100.0 support. We have had some soft economic data from China which reinforces anxieties harbored about its pace of growth.
• The EURUSD is technically bearish on the daily timeframe • The GBPUSD is technically bearish on the daily timeframe • Gold is technically bearish on the daily timeframe
Friday’s impressive NFP release caused the Dollar to appreciate as expectations increased that the Fed may hike rates in December. Gold declined with force eating away at the 1100.0 support. We have had some soft economic data from China which reinforces anxieties harbored about its pace of growth.
• The EURUSD is technically bearish on the daily timeframe
• The GBPUSD is technically bearish on the daily timeframe
• Gold is technically bearish on the daily timeframe
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