XAUAUD

Weekly Forex Outlook: August 12

Bonjour, mes amis! 🇫🇷 I’m in Paris, France right now, as I had a spur of the moment idea to spend a week or so in the French capital. Had a good trading week? This was an absolutely epic week for trading, as we finally saw the VIX move back up and many setups worked out very nicely. Let’s go over them right now!

 

On the contrary to what I said last week, gold actually shot up. This is totally due to Trump’s comments about North Korea, which catapults the world’s financial markets into risk-off mode. This means gold and the yen shoot up, which is what happened. Oil, on the other hand, was ranging for the most part of the week but did eventually go down. It is currently retesting the support-turned-resistance zone it broke on Friday and I reckon it’s still an excellent setup to take next week if it goes down again.

 

USDWTI

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XAUUSD

Weekly Forex Outlook: August 6

Happy Sunday! How was your trading week? This week flew past and there were definitely some interesting opportunities in the markets! We’ll review one of these in a moment, a 1H short I took on NZDCHF. This was actually one of the setups in this week’s outlook, so hopefully, you could benefit from it as well! We also had an NFP release which largely surprised on the positive side. This was a welcome change for a dollar that has recently been selling off against all major currencies.

 

I’m temporarily getting settled in Ghent right now, where I’ll be spending some time working and trading for the month of August. After that, it’s back to Japan for me (I can’t do without the food!). The nice thing about being a trader is that I can work pretty much everywhere. Some music, a good coffee and my charts are all I need!

 

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