Daily thread to exchange ideas and to share your thoughts
The dollar is slightly firmer across the board in a bit of a pullback after earlier losses. The move comes as gold backs off from the highs and falls from $1,980 to $1,930-40 levels earlier (gold futures touching above $2,000 at that point).
For the case of gold, did Icarus fly too close to the sun? The quick pullback is a bit of a warning sign but dip buyers are still holding on for the time being.
Elsewhere, while the dollar is a little firmer, it isn't really changing much of the story for now with EUR/USD still above 1.1700 and USD/JPY keeping around 105.00 levels.
The TradeON Summit 2020 is live and kicking as well, so be sure to tune in to hear from a host of great speakers during the day. You can register for that here.
As for myself, I'll be sharing some basics on 'Expectations and Trading' at 1200 GMT.
Anyway, the session ahead may be a bit more of a quiet one with the focus staying on dollar flows and the risk mood. US futures are keeping at flatter levels after an optimistic start yesterday, so we'll see what the day ahead has to offer.
What are your views on the market right now? Share your thoughts/ideas with the ForexLive community here.
