Haha next stop Kal. Strange things are happening in the capital markets. Gold price/usd is at the limits of the run being in a bear trend, I would be cautiously looking at how price behave so close to resistance. However the other wheel in this cog Audusd is dropping along nicely to give the local miners that extra nitro boost.
I have stopped understanding the fundamentals to anticipate price directions in these markets and I can only suspect since gold broke the low base breakout, they were gunning the massive short squeeze.
NFP from headlines improved so must be affecting all the risk Fx pairs. At this stage, the chances for March hike may have improved but I still find it fundamentally challenging that Tellen could move in this hawkush direction given EUZ/Japan. A reverse of Draghi all those years ago when the Feds were busy expanding the monetary base while a Draghi sat on his hands?
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