Good morning everyone. We were able to capture the market yesterday with a decent gain. Today, I’m expecting the US Dollar to initially gain some strength. However, there are several pairs that will be hedged against this outlook. Gold, I’m expecting an initial drop before it rises quite high in fact. The Japanese Yen pairs, I’m still seeing a further rise coming up.
Currency Outlook
GOLD: Weak then Strong
Today we're expecting the GOLD to proceed Long above the barrier levels of 1655.79 and 1649.91.
Fundamental Watch
- BOE Gov King Speaks
- BOE Inflation Report
- Core Retail Sales m/m
- Treasury Sec Nominee Lew Speaks
- Overnight Call Rate
- Monetary Policy Statement
Currency Outlook
GOLD: Weak then Strong
Today we're expecting the GOLD to proceed Long above the barrier levels of 1655.79 and 1649.91.
Fundamental Watch
- BOE Gov King Speaks
- BOE Inflation Report
- Core Retail Sales m/m
- Treasury Sec Nominee Lew Speaks
- Overnight Call Rate
- Monetary Policy Statement

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