My analyst for the week
Gold XAU - side line
Silver XAG - side line
USD - ⇧
I had stopped writing(trading) since July as the news keep repeating itself, Iraq, Ukranie, Russia, ISIS. With all news outlet covering the news and the resulting USD drop and precious metal spike I felt that I had nothing much to add. But August is here, I guess its time for me to get off my lazy butt and start writing again.
Mostly the world seem unchanged since June, slightly more stable but roughly the same. This seem to have push precious metal pricing down abit but dont get lure in... yet. Gold and silver might spike at anytime due to the conflicts in multiple countries. Better to be side line or have a very tight stop lost.
USD got a boost from the recent GDP data(4% wow!) which suggest strongly that the USA market is recovering and that the 1st quarter GDP is weather affected. with the increasing inflation and the recovering employment market, there is rumor that Yellen would start to consider rate hike. Buy the rumor sell the truth! Student loan and the California drought seem to be an issue but nothing have pop yet(i did brought some company that own some fruit trees).
Russia attacking Crimea with rockets ,Crimea facing bankrupt due to the on going conflict with Russia Pro people and USA/EU slamming Russia with new sanction. Nothing much changed since June.
Iraq, ISIS, Syria in a messy 3 ways which does not seem to be ending soon. Iraq government not doing much, depending on young volunteers to combat battle harden ISIS. USA/UK supporting with monies, again nothing much had changed since June. There is report that the Iraq people is pushing ISIS out of their towns but this cannot be confirm yet.
BRICS is forming their own IMF, not sure why would anyone want to form anything with Russia. Anyway really cant predict what would happen to the current system after the mini IMF start, we would have to wait and see.
China property still dropping which might affect the precious metal price soon, nothing new.
Precious metal have a boost after MH17 incident, the rally seem to be fading back as nothing major between USA and Russia had happen since after that.
Please be advise that playing with forex might cause you to lose all your money.
Gold XAU - side line
Silver XAG - side line
USD - ⇧
I had stopped writing(trading) since July as the news keep repeating itself, Iraq, Ukranie, Russia, ISIS. With all news outlet covering the news and the resulting USD drop and precious metal spike I felt that I had nothing much to add. But August is here, I guess its time for me to get off my lazy butt and start writing again.
Mostly the world seem unchanged since June, slightly more stable but roughly the same. This seem to have push precious metal pricing down abit but dont get lure in... yet. Gold and silver might spike at anytime due to the conflicts in multiple countries. Better to be side line or have a very tight stop lost.
USD got a boost from the recent GDP data(4% wow!) which suggest strongly that the USA market is recovering and that the 1st quarter GDP is weather affected. with the increasing inflation and the recovering employment market, there is rumor that Yellen would start to consider rate hike. Buy the rumor sell the truth! Student loan and the California drought seem to be an issue but nothing have pop yet(i did brought some company that own some fruit trees).
Russia attacking Crimea with rockets ,Crimea facing bankrupt due to the on going conflict with Russia Pro people and USA/EU slamming Russia with new sanction. Nothing much changed since June.
Iraq, ISIS, Syria in a messy 3 ways which does not seem to be ending soon. Iraq government not doing much, depending on young volunteers to combat battle harden ISIS. USA/UK supporting with monies, again nothing much had changed since June. There is report that the Iraq people is pushing ISIS out of their towns but this cannot be confirm yet.
BRICS is forming their own IMF, not sure why would anyone want to form anything with Russia. Anyway really cant predict what would happen to the current system after the mini IMF start, we would have to wait and see.
China property still dropping which might affect the precious metal price soon, nothing new.
Precious metal have a boost after MH17 incident, the rally seem to be fading back as nothing major between USA and Russia had happen since after that.
Please be advise that playing with forex might cause you to lose all your money.
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