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Demand for the save heaven assets increases

Published 08/18/2017, 07:29 AM
Updated 05/14/2017, 06:45 AM
Risk off mode still holds the grip of the markets with additional blows against the American Dollar coming from the White House. Combination of the aversion to the risk and the weakness of the USD can be especially seen on the USDJPY and Gold.


USDJPY after reaching the 38,2% retracement is heading back lower. We are again below the lower line of the long-term symmetric triangle and we are on a good way to test the 108.8 support. Breakout should trigger a strong sell signal.


Gold climbed to the highest levels since the November. Psychological barrier on the 1300 USD/oz should be tested soon.


EURUSD defends the local support on the 1.168 and the 1.172 which are the highs from the 2015. What is more, we are inside of the bullish flag. All that suggest a further upswing, even despite the fact of the weak Euro.

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