JOLTS job opening: 4.17M
Crude Oil inventories: 4.0M
Unemployment Claims: 300k:
Core PPI: 0.6%
Prelim UoM Consumer Sentiment: 82.6
Last week USD data(all better than expected) is pointing to a US health economic that seem to be recovering from the winter months. The forex and the stock market is saying other wise, the short term trend seem to be down.
I would advise on holding USD.
The precious metal market is reacting to the weakening of USD but with the lack of interest from the Asian market, i believe this to be a short term upward trend unless Russia or North Korea decide to do something disturbing.
Main concern seem to be coming from Russia with Putin unwilling to release Crimea from annexation and the amassing of troops on the Ukraine border.
China seem to be embracing itself for a growth slowdown as the repeated news release from China seem to show that the government is willing to shutdown factories and closing on the shadow banking.
Not much seem to be coming from North Korea this week, but they seem to have master the use of drones. South Korea going insane with radar that can detect small flying objects.
PLEASE NOTE THAT FOREX TRADING WILL RESULT IN LOSING ALL YOUR MONIES.
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