17 years in trading
Despite the US dollar strenght after the data, the gold bulls remain in control. Sure, the gold felt the market undecided moments as well after the data. At first, you can see that the gold price reached my predicted resistance at 1160/65 and after the US unemployment data fell to the 1145 support, the previous resistance from February 03., after
Read moreYou’ve probably watched the NFP and US unemployment data today and it’s possible that you’ve been confused as well. After the NFP was way bellow the expectations, 151K vs 190K, the unemployment data shows fall bellow the 5,0% at 4,9%. The market was undecided where to go and even the first reaction was US dollar weakness, the same returned the strenght
Read moreThe US dollar crashed this week ahead of the todays US Nonfarm Payroll data, mostly on New York FED President Dudley’s speech. He said that financial conditions have tightened since December’s decision. He also said that continued tightening on conditions would weigh on the FED. That’s why the market is expecting delays of the furder tightening, selling the US dollar
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