There have been significant changes in the markets: The Current Account Deficit drove the USD down to 87.56 (-1.06). It could be in correction mode!!!!
Oil climbed to 58.47 (+1.89): my prediction is $65+/-$5/b, July, based on USD=84
Gold climbed steeply to 39.1 when the Current Account Deficit number came out but retreated to 37.3 when a much improved "Consumer sentiment" number appeared. (Implication: Interest rate rises to come which could affect Gold somewhat).
The Euro is recovering since it hit 1.2 and is now 1.2272 The "Euro Gold Price"= 437.3/1.2272=356.3 Euros.
DOW:+0.4%
- Forums
- ASX - General
- market: significant changes-read on!
market: significant changes-read on!
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)