A then B. New lows before new highs. Although I am not sure if we will reach new lows, but i would expect the market to tank again before new highs in the longer run will be reached.
Reasoning: + dollar to gain strength when ISM keeps dropping + dollar denominated debt increasing dollar demand + important for euro to drop in value to loosen financial and credit conditions domestically + dollar = safe haven
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(1 year ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(1 year ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(1 year ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (1 year ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (1 year ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (1 year ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(1 year ago)
Although I am not sure if we will reach new lows, but i would expect the market to tank again before new highs in the longer run will be reached.
+ dollar to gain strength when ISM keeps dropping
+ dollar denominated debt increasing dollar demand
+ important for euro to drop in value to loosen financial and credit conditions domestically
+ dollar = safe haven