Trading signals

XAUUSD

Weaker US retail sales underpinned the yellow metal. Expectations that the Fed will cut interest rates again at its upcoming meeting pressured the US currency as well.

GBPUSD

News that a Brexit agreement was finally finalized supported the pound. If Brexit deal is signed off today we may witness another rally.

EURUSD

EUR/USD rallied on Brexit optimism and US retail sales downbeat data.

XAUUSD

The yellow metal got under pressure when the risk sentiment improved on Brexit hopes. 

GBPUSD

An optimism over a Brexit deal draft boosted the pound to the 1.2800 region. The UK Consumer Price Index is on the radar today.

EURUSD

Brexit headlines and a decline of the US dollar helped the euro to regain some traction. We believe that the euro should benefit from the improvement in risk sentiment and will reverse another portion of its losses.

XAUUSD

Optimism around the US-China trade situation lessened the demand for the safe-haven metal. However, gold found strength to recover some ground on Monday.

GBPUSD

Brexit uncertainty limited the pound demand. The UK latest employment data is in focus now.

EURUSD

EUR/USD preserved its bullish structure. However, risks of downward movement are still real. 

XAUUSD

A partial US-China trade deal improved risk sentiment. As a result the yellow metal posted fresh losses on Friday.