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Gold No Longer Safe Haven, EUR/USD Lows At Sight On A Strong US NFP

Published 01/10/2015, 14:01
EUR/USD
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Propriety trader Danny Ryan joined Nick Batsford and Zak Mir in the Tip TV studio following this summer’s market turmoil, to discuss Gold, the EUR/USD, and oil; and where he believes the prices could be headed.

Worst quarter for gold since 1997.
There’s a very clear downtrend in gold price. While it found some technical resistance last week, Danny Ryan believes it still could have lower to go.

EUR/USD to dip?
Ryan is bullish on the dollar and believes that the EUR/USD is struggling to close above the current trend channel. If Friday’s NFP figure matches or exceeds expectations, the currency pair could be set to break to the low side.

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