The yen fell to a three-month low, as the yen fell to a three-month low on the weekend, when the ruling coalition led by shinzo Abe, the LDP's leader, swept the Japanese election
Trading strategies, the session is still tends to buy on dips dollar/yen, near a 112.10/30 began to do more, but because of day figure seems to be not so positive, the session is likely to continue to trading range near the current level.
The dollar bounced back to a week high, the pound fell more than 100 points, and Britain's inflation data could not offset the impact of the two commissioners' remarks. The dollar continued to bounce back on Tuesday as news of the super-hawkish Taylor, or the next fed chairman, affected. Late September import price index on U.S. rates and largest increase since June 2016 to further boost the dollar, beauty refers to the most high to high since October 10, high against the yen, the dollar refresh 5.
Gold is back on the bullish side despite the current bearish consolidation. Gold has entered the rising channel. The hour support was at 1284 low on October 11. Strong support is well above the July 10 high of 1204. Gold prices are expected to show upward pressure. In the long run, the technical structure shows that upward momentum is increasing. The rally needs to break through the high of 1392 on March 17, 2014. The main support was the low of 1045 on February 5, 2010.
As the dollar rose slightly, the golden week a closed down, but for the American league would (Fed) 12 months after the pace and scope of rate hikes uncertainty continues to linger, making gold above $1300 a second consecutive trading day. At the same time, the outlook for China's industrial metals demand is positive, with copper rising to a three-year high on a year ago. Gold closed down $1.60, or 0.1 percent, to $1,303 an ounce, before rising to $1,308. The ETFSPDR gold trust, GLD, fell 0.3 per cent after rising about 2.1 per cent last week.
On Friday in gold CPI in the United States under the condition of many strong breakthrough 1300, gold has reopened upward trend, return to a strong, review our perfect operation last week, on Friday, plate to under 1300 points on the high altitude, prices fell to 1289 a line all the way, at the same time bring data market rises fast break through 1300, we take advantage of an opportunity to step on more than 1299, 1300 entry list, 1303 a line of profit.