Weekly Newsletter – Week Starting
23rd September to 27th September, 2019.
GOLD
This is a yellow metal H4 chart. Due to past week FED Interest rate cut decision,
the yellow metal dropped to psychological level and filled the gap which was in
the opening market due to major fundamental effect of crude oil. But remain in
range due to mix results. In the coming week we are expected movement like below
mentioned but some moves will be fundamentally unexpected due to speeches.
So Be aware and take care of your open positions
CRUDE OIL
With reference to the recent happening of Drone attack of Yemen in KSA, Crude oil
market opened with major gap but after reached to major supply area at 63.XX
price falls down due to other fundamental happenings of USD crude oil
inventories and loonie. But still, pair is unable to fill the GAP. Volume is not
supporting to bears in the market.
EURUSD
EUR is still under selling pressure and bears are in controls. FED interest rate
decision and speaks support this pair to remain in selling direction and Open
interest is falling continuously after FED rate cut decision. S&P-500 and USDX is
also in the bullish channel along with 40 years, MA directional indicator indicating
our view in EURUSD.


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