EUR was quite strong this day and pairing it with AUD made good profits. Now EUR deteriorates while USD rises. Is it perhaps because the pope is accused for money laundry ( I mean the previous pope who resigned on time) ? Not sure. I bet on commodity currencies long vs EUR, a rebound. That should work if PBOC softens and methinks they can buy time but not avoid to prop up the shadow banking system.
had worked did another long at 1199 as oct future contango. Hinges all on China credit crunch which isn't over, SHIBOR overnigh and 3 m fell but OIS bank papers doesn't. I think if PBOC admits shadow bank problem and injects liquidity to troubled banks, gold will rise to 1130 at least.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(10 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(10 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(10 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (10 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (10 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (10 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(10 months ago)
Hinges all on China credit crunch which isn't over, SHIBOR overnigh and 3 m fell but OIS bank papers doesn't. I think if PBOC
admits shadow bank problem and injects liquidity to troubled banks, gold will rise to 1130 at least.