Gold continues its downward movement while investors' attention is still attracted to Trump's tax reform. In the eurozone there is a weakening, against the backdrop of political news. On Sunday an indicator of the volume of industrial production in the UK showed it was below the corresponding period from July to August.
Compared to most instruments, the dollar continues to strengthen. On the daily charts relative to the gold and the euro we see reversal patterns.
Oil prices continue to move away from highs and continue their downward movement. Producers of oil in the US continue to resume production after the hurricane Harvey, and also continue to develop new fields. Furthermore, the pressure on the price of the black gold is affected by the fact that there is increased production in Libya and an increase in imports from Iraq.
Tomorrow, October 3, Germany is celebrating its Unification Day holiday, so that for tomorrow the main pressure on the Euro exchange rate can only be provided by a dubious referendum in Catalonia, which at the moment has a negative impact on the single currency rate.
