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A strong dollar is not good for the industrial production in the US

News Date: 15/9/2014 18:34:35
Update Date: 16/9/2014 01:16:46

After US dollar found waves of strength, Industrial Production decline in August -0.1% where directly after this release majors start to adjust by trying to create a support level. EURUSD found support at 1.29, AUDUSD found support at 0.898, NZDUSD found support at 0.81 and Gold found support at 1225


USD is the main mover of the market and for the last 10 weeks USD was gaining strength, so this week the market might need to correct no matter which direction will follow after. With EURUSD next to 1.30, GBPUSD close to 1.60 and Gold might retest 1180 level for the 3rd time… meetings and conferences from central banks will lead the market for the next weeks to come.

Provided by Fxhighway    

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