My analyst for the week Gold XAU↓ Silver XAG↓ Eur ↓ USD ↑ With the Russia/Ukraine issue settling down to non war issue, the precious metal market seem to have relaxed and now focusing more on the EUR market. China seem to be recovering base on the recent data released, but there are still worry that the China credit market is shaky. There are some rumor regarding China company using the same asset for multiple loan. And there is still no clear direction for China properties market. Recent USA market data is quite good. With the employment rate going up and the market reacting positively to the news, USD should be showing some strength soon.But the student loan issue seem to be getting worse and no clear active had being taken by the US government to help the issue. With the recent EUR negative rates, the precious metal seem to have a short boost. This might be due to the possibility of a hyper inflation from the credit influx as bank are now in theory dumping credit into
This is my blog for analyzing about forex market. Have fun trading!