GOLD 0.51% $1,391.7 gold futures

A stellar NFP would help dxy escape it's downward channel...

  1. 1,395 Posts.
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    A stellar NFP would help dxy escape it's downward channel you can see. 93's looking increasingly difficult for it to break through. Employment improving - fundamental weakness remains. Expectations missed by ADP. POG is already recovering from it's daily low.

    I see 2 things happening Friday.

    1. More of the same, a miss on nfp, but a step in the right direction. Some weakness in gold, DXY may hit the low 93's.

    2. A big miss - dummy spit, DXY falls with pog benefiting.

    USA election looming.
    https://hotcopper.com.au/data/attachments/2438/2438390-be09b0748fe205e1f5789e6765dfcb5d.jpg
 
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