Forum
Posts by "justin"
2
Posts by Anonymous "justin":
EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
I would like to add on something about gold.
Since last Oct, the change of U.S. Monetary Base took the lead of the gold movement. Before gold spot retreated from $1000+ to $900, monetary base has already declined from the peak about 1 month ago. Around 2 weeks ago, monetary base began to pile up again and gold price also seemed to find the base.
U.S. Fed begins to purchase long term treasuries and MBS, which may boost the money supply in that case and gold may maintain the bullish trend as you mentioned.
I agree the 2-month cycle. If that's the case, EUR/AUD may trend lower to 1.9366 and 1.90 level?
Thanks!