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Intraday Market Thoughts

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Euro Hammers Gold & the Rest - Charting XAUEUR

by Ashraf Laidi

Dec 14, 2012 18:28

EUR is the days highest performer (out of top traded 16 currencies) DESPITE falling equities; stabilizing yen and falling gold. Traders books nearing year-end are unwinding euro shorts vs. gold, which were accumulated in early May by Greek elections uncertainty. See full charts of XAUEUR & EURUSD. http://www.cityindex.co.uk/market-analysis/market-news/3680792012/euro-hits-gold-the-rest/

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