Friday, November 7, 2014

What will be the Direction of the Markets Today?

What market moves will happen this morning?

With the US Non Farm Payroll report due at 8:30 EST can we expect to see a recovery in the price of Gold and a decline in the US Dollar Index?

Overnight the US Dollar Index has hesitated a little with traders waiting to see the economic reports due at 8:30.

US Dollar Index

Gold fell overnight and has since recovered a bit, the chartists may be encouraged by the long wick on the most recent candle

All in all, the markets may be volatile today depending on the Non Farm Payroll report, Considering the record highs being seen this week on the indexes a favorable report may see an exciting finish to this week..

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