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Weekly Forex Forecast – EUR/USD, Gold, Silver, WTI Crude Oil
I wrote on 8th June that the best trades for the week would be: Long of the GBP/USD currency pair after a daily (New York) close above $1.3616. This did not set up. Long of Silver in USD terms. This closed 0.78% higher over the week. Long of the S&P 500 Index pair after a daily (New York) close above 6,142. This did not set up. The overall win of 0.78% equals a loss of 0.26% per asset. Last week was basically mildly risk-on, with stock markets rising and the US Dollar falling on more positive than expected US inflation, PPI and consumer sentiment data. However, all that changed in the early hours of Friday in the ... (full story)