Daily News | Safe haven USD | 17.03
Minor recoveries in the Crypto market.
BTC recovers 3% while XRP recovers 5% as traders gather the ruins.
The Crypto market is seeing mild recoveries across the board, led by Ripple’s XRP which added 5% in the last session.
Safe haven USD.
As the markets see record volatility, investors turn the US dollar for refuge.
The US Dollar took its role as a safe haven in an emotional week as Wall Street entered a bear market.
Gold prices plunge.
Gold prices have seen the sharpest decline since 2011.
Gold prices have seen the sharpest decline since 2011, down over 110 dollars per ounce in four sessions.
USD/JPY
USD/JPY has gained 3.2% in the last two sessions.
The Dollar-Yen pair has gained an astounding 3.2% in the last two sessions. The RSI moved into the overbought zone.
Gold
XAU/USD has plunged 7.9% in the last three sessions.
The price of gold has seen strong downward movement, falling 7.9% in the last three sessions. The ADX is currently neutral.
AUD/USD
AUD/USD has seen strong downward movement, falling 5.1% in the last three sessions.
The Aussie-Dollar pair has seen strong downward movement, falling 5.1% in the last three sessions. The ATR has moved into the low volatility area.
GBP/USD
GBP/USD has plunged 4.9% in the last three sessions.
The Sterling-Dollar pair has seen strong downward movement, falling 4.9% in the last three sessions. The RSI has transitioned into the oversold area.