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DXY Bounced at 89.84 so not a bad guess cheers ece

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Ece411

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24/01/18

19:33

Post #: 30543619
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Originally posted by Ece411 ↑

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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Originally posted by Ece411 ↑

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

Expand

DXY Bounced at 89.84 so not a bad guess

cheers

ece
1 Upvote

0 Great analysis

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