Last week, gold broke through the $ 1,300.00 level, continued steady growth and reached its highest level in 12 months. This was caused by several fact" />Last week, gold broke through the $ 1,300.00 level, continued steady growth and reached its highest level in 12 months. This was caused by several fact" /> Last week, gold broke through the $ 1,300.00 level, continued steady growth and reached its highest level in 12 months. This was caused by several fact" />
› Market review, September 11 -15, 2017

Market review, September 11 -15, 2017

GOLD

Last week, gold broke through the $ 1,300.00 level, continued steady growth and reached its highest level in 12 months.
This was caused by several factors:
1. The fall of the US dollar due to weak economic data;
2. Escalation of the conflict with North Korea and new missile test;
3. Hurricanes Harvey and Irma.
These factors caused precious metal to set new records, in total, growth was $ 25, which is an excellent result for bulls. But it failed to break level $1353,00 and the price rebounded from this level.
Some analysts see the possibility of continuing the upward movement to levels of $1380,00 and even $1400,00.
In the case tension with North Korea will grow, this option is the most very likely, but it is likely that investors, fearing a price reversal, will start to record profits and this, as a snowball, will lead to a continuation of the downward movement.


Market review, September 11 -15, 2017


APPLE

On Tuesday, September 12, the new Iphone 8 will be presented to the public.
This event, of course, draws attention to this company.
No one can say for sure what impact it will cause to Apple's stock.
It is not known how the audience will perceive the new flagman.
If to look at the last week’s quotes, we will see a pattern that repeats from year to year, on the eve of a new device release: stocks sink just before the presentation, and a day or two after, and then, a new wave of investors' interest and sales start spurting prices growth.
This scenario is considered as the most probable.
In addition, this version is supported by technical indicators.


Market review, September 11 -15, 2017


EUR / USD

Euro continues to surprise market participants, who continue to buy euro.
On Thursday, at a meeting of ECB Heads, Mario Draghi openly said that in October the regulator could start the first steps to curtail the QE program.
This speech created a good push towards strengthening the euro.
It is also necessary to take into account that euro grew due to the dollar weakening.
Clouds over American economy get darker.
On the one hand, Trump's unstable and impulsive policy, and on the other hand sluggish inflation does not give positive option to buy dollar.
Next week is expected to be corrective for the EUR / USD currency pair, as expensive euro is not beneficial for the European economy.


Market review, September 11 -15, 2017


USD/CHF

Due to many events in the financial world in the first part of September, it is recommended to pay attention to technical analysis.
Interesting situation is with the USDCHF pair.
On Friday 9/09, price has reached the resistance level at 0.94439.
Last time such low level was registered on July 21, 2017 and May 3, 2016.
Buying an option for a week is the most attractive investment in the medium term prospect.


Market review, September 11 -15, 2017



Read also

You have successfully registered

You can choose the needed type of account at any time!