The US foreign trade data puts pressure on the dollar

October 7, 2015

Buy on a level breakthrough of 1152 with 1169 target. Stop loss = 1140.

Reason for the trading strategy

In August, the US trade balance fell from - 41.8 billion to - 48.3 billion dollars. The decline, included in the structure of GDP, reduces the likelihood of an early tightening of monetary policy in the US and supports gold prices.

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