Fast forward 11 days. Family & work has kept me busy. I didn’t trade much during the last 10 days. I have been reading news & analysis a lot lately to keep myself updated on the latest happenings in the forex world.
First Day Analysis:
EUR/USD: All signs point to a bear market.
XAU: Also in a bearish trend.
USD: Depending on the upcoming job market report & NFP due on 7th August, I think US will increase interest rates by September, 2015. This will keep pressure on all other currencies & strengthen USD.
Target: USD 200/= for the day!