The NZD/USD pair fell during the day on Monday at again, but just as we have seen for several sessions in a row, there had been buyers towards the end of the day that turned the market back around.
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Gold opened with a gap up and traded as high as $1098.08 an ounce yesterday on the back of risk aversion.
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Get the AUD/USD Forex signal for November 16, 2015 here.
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Get the AUD/USD Forex signal for November 16, 2015 here.
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Get the USD/JPY Forex signal for November 16, 2015 here.
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The NZD/USD pair fell during the course of the session on Friday initially but found enough support at the 0.65 level to turn things back around and form a hammer for the session, which is a repeat of what we saw during the Thursday session as well.
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The Thai baht is a currency that represents Asian growth and expansion. The fact that the US dollar has been so strong against it for months now tells us that the world is shunning excess risk, which of course Thailand will certainly be the epitome of.
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The GBP/USD pair had a volatile session on Friday as we continue to bounce around near the 1.52 level.
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The EUR/CHF pair initially fell during the course of the session, but found enough support below the 1.08 level to turn things back around and form a bit of a positive candle.
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The USD/JPY pair went back and forth during the course of the day on Friday, showing a neutral candle, and a bit of interest in the 122.50 level.
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Get the USD/CAD Forex signal for November 16, 2015 here.
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Get the USD/CHF Forex signal for November 16, 2015 here.
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Get the GBP/USD Forex signal for November 16, 2015 here.
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Get the EUR/USD Forex signal for November 16, 2015 here.
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Gold prices settled at their lowest level since February 2, 2010, recoding a fourth consecutive weekly loss, as concerns over the prospects of rising U.S. interest rates and technical selling pressure persisted.
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