FX:XAUUSD Gold / U.S. Dollar
Comment: I do not recommend to trade this correction as well as oil. The long term trend is very very bullish. We can just buy cheap position during the correction.
There is no way we can know for sure, but the Fed keeps saying that they need to see more data. We keep seeing relatively poor data from the US driving the price of gold higher, yet the Fed speeches remain Hawkish even though they are stating that they need to see more data to determine whether a rate hike is possible. A rate hike in September? Hmmm... Based on what data I wonder!
8 Regional ask are asking for a rate hike, doves la like Williams, Fischer or Dudley are hinting a rate hike. I think is out of question that they will trigger a rate hike this year yet a think September probabilities are miscalculated, I would asign a bigger probability. If they want to make a good transition then they should state that they will hike on December. if they want to kick the board, then the FED will hike in September and Hillary will loose (I think that Obama has sold Clinton to the Russians. Mysteriously, the Russians keep on doing what they want and nobody stop them). Just talking out loud.