Liquidity spigots are wide open in the land of never never and a decent performance overnight in golds as it looks like a move on the 200 MA is coming.XAU has already tested it.
US dollar index remains oversold but not against the yen so it should be interesting how this plays out.
Looks like the May Fed meetings minutes will be released on the 24th so we'll see how dovish/hawkish they were.
Considering that the so called second quarter recovery isn't playing out as planned then if there are a few members with a dovish tendency in early May one could expect a lot more dovishness in June.
Breakout, page-4
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