GOLD 0.51% $1,391.7 gold futures

Hi Folks US Dollar dropping - it is now below 90 DXY! Perhaps a...

  1. 315 Posts.
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    Hi Folks

    US Dollar dropping - it is now below 90 DXY! Perhaps a bounce at 89.80....something....
    USPOG had just topped the mid-January high of 1344.52 and just about hit 1347.
    A lot of the action is all about the yen which has firmed and when the yen goes up gold goes up too (generally speaking).
    Watch for a lower NIKKEI (off 0.35%) which usually indicates a stronger YEN (since a strong currency is not good for Japanese export-orientated tech firms)
    Euro and AUD up too as you would expect
    Below is the daily USPOG

    cheers

    ece

 
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