Jokes aside I have quite a bullish view on the swissie, and think that we're likely to see this pair appreciate in the coming weeks.
I certainly hope I'm right as I am balls deep long here.
Sell gold because it has not traded below daily open.
Price fluffing around.
Biden backs war, US stocks rally, usd rallies, gold sinks.
US Fed to hike aggressively, again USD to appreciate, gold to sink.
Sink deez
Alright the AUD has had a short bearish rally and stalled. Now retracing, we are faced with the question: Is this a new trend, or just a pullback in the bull market.
Bullish factors:
- Bounce from the 50D moving average
- Yesterday closed bullish
- RBA has addressed that further interest rate hikes will be needed
Bearish factors:
- Potential pricing in of future...
Howdy readers! Those of you cunning enough will have opened a short prior to NY close last week, anticipating a gap down at next weeks open.
Gold has rallied aggressively through the last few days - most likely due to the USD downside (Ukraine war seems to be unwinding, China has lightened covid19 restrictions; both of which have attributed to risk on...
