Forex Trading the TACO Rollercoaster! Volatility on S&P500 & NASDAQ. Gold XAUUSD, Silver XAGUSD Rocketing!

In today’s GCI Market Outlook, let’s take a look at Forex Trading on USDCAD, EURUSD, Silver, XAGUSD, Gold, XAUUSD, and the S&P500.

Yes, we have had another TACO trade opportunity, and it’s not over.

All the US indices look the same so let’s take a look at the S&P500 and the price action also applies to the NASDAQ and the DJIA.

The big fall was due to the tariff threats against China by the White House.

Trump pulled back and investors piled back in.

The war of words started again with more threats and the markets fell.

Here, we have opportunities but watch the news before the technicals.

Gold reached $4177 as investors went looking for a safe haven and has pulled back a bit.

14 years ago, silver reached $50 but, today, price hit $53.50.

Due to the stock sell-offs USD is getting stronger and we need to keep an eye on all USD pairs.

TBH, we need to hear more about the US government shutdown and US China relations.

And, on a personal note, I remember giving this very same advice 7 years ago.

That’s all for now.

CFDs and FX are leveraged products, and your capital may be at risk.