The dollar has been holding relatively flat for the second day in a row, a quick look at it suggests to me we will see dollar upside shortly. I can't say whether it is connected to the EUR/USD correlation or is just going to move for its own reasons, I will look in to that closer.
In any case, typically the $USD moving up means most risk assets move down, I'd be very interested to see how gold reacts.
That's my take, I'll be back with some charts.
5 years ago
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