With the USD - DXY still heading south at the 92.16 low levels after coming from a relief price recovery the #EURUSD have taken its turn running to a high at 1.2070 to this writing. This provided quite a bullish signal after going through the 1.1880 - 1.19010 barriers when a continuing USD dollar was eminent to persist its course south. Meanwhile, #EURGBP continues its direction above 0.9300 for now.
Gold prices has enjoyed one of the most benefits from a USD decline after a whipsaw of price swings in the early first two weeks of August. But now Gold is currently trading at 1320.00 attributing the recent climb from North Korean actions leading a 'risk-off' sentiment in the markets. Obviously, geopolitical risks creates volatility in the market place which would include stock prices as well.
With Gold's rise and the consumer confidence lower survey adds pressure for the green buck for now. With a string of news update on the 2nd quarter GDP, PCE figures, and housing figures, while Friday would be Non-Farm Payrolls - NFP that would have everyone focused on the release other than updates on Harvey affecting Oil and Gasoline prices.
PRICE UPDATE: #EURO & #GOLD SETS RECORD HIGHS FOR THE MONTH AT 1.2070 AND 1326.00 RESPECTIVELY.
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