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Abstract：Powered by WikiFX: (GOLD, EUR/USD, GBP/USD and USD/JPY) Technical Analysis August 08 , 2023
Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
It has been a bearish year for the US dollar, but the biggest surprise has been the USD/JPY pair for me in the FX space. By Christmas eve, the Dollar Index (DXY) was down 9.6% year-to-date, trading around 98.00, its weakest level since 2022.
Quiet trading ahead of the holidays belies significant geopolitical tension in the Middle East that could spark sudden volatility in Crude Oil (WTI/Brent) and Safe Havens (Gold, CHF).
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