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Gold-Oil-Silver: What's next?

From acysecurities.com

The USD theme is about to be the largest market talking point, aside from the US/China trade scenario that is. We are sailing into today's London dealing session with Gold attempting a bounce back, now $1,456, Oil pulling back of $58 and Silver dealing under $17 again. All of this points to possible reversal, minor reversal at least, in the USD. I am calling for soft USD to be the theme and this could be accelerated & HIGHLIGHTED BY THE us Consumer Confidence data that rolls out after the US dealing session is online. The FX pair to watch, as the reliable “leading indicator” is firmly, USD/JPY. 109 is not a level, but ... (full story)

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  • Category: Fundamental Analysis