market: significant changes-read on!

  1. 22,691 Posts.
    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%



 
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