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Wild Card Gold 4 Sep 2009

Discussion in 'Major Currency Crosses' started by forexqs.blogspot.com, Sep 4, 2009.

  1. forexqs.blogspot.com

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    Friday, 4 Sep 2009
    U.S. Non-Farm Employment Change to Determine Today's Trends

    The U.S. Non-Farm Employment Change Data is set to be published at 12:30 GMT, and is expected to be the most important news event when it comes to market volatility. Traders are also advised to follow the G20 Meeting that will commence today, and the U.S. Unemployment Claims data at 12.30 GMT. In the meantime, open your positions in the majors now, as today's trading gets under way.

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    The Wild Card
    Gold

    This popular commodity has recorded a 3 day winning streak, as it stands at the $990 level. Analysts expect Gold to go higher for yet another day. They may be right, as gold approaches a $1000. The Stochastic Slow of the hourly charts supports the upward trend for today. Going long with tight stops may bring high returns for forex traders today.
     

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