DeanMuller

Midweek Market Review: XAU, EUR, USD

FX:XAUUSD   Gold Spot / U.S. Dollar
Hey Traders,

In this video we discuss the impact the most recent data releases had on the market and how we can go about leveraging that information.

Some of the points we touch on is:

On Wednesday the ECB vice-president stated that although it appears the Euro zone inflation is heading back to 2%. The ECB needs some time and data to confirm if record-high interest rates have done their job.

The dollar rose to its 3 month peak on Tuesday after data showed U.S inflation rose more than expected in Jan. Cementing expectations that the Fed will hold interest rates steady in March.

So be sure to check out this video to see how you can best take advantage of these opportunities.

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