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Euro correction against the dollar is still in progress with the main target at the 1.0828 level.
After three consecutive advances, sterling is struggling to find means for a surge till the 1.25 level.
Dollar/yen remains on the back foot and losses might be extended till below the 112 level during this week.
Today, gold rose till the 1.233 level, the highest since March the 6th, with analysts naming this recent strength as technical buying in face of dollar weakness.
On Thursday, Fed Chair Janet Yellen will speak. I’m expecting a less dovish interpretation of the Fed’s recent decision than the market seems to believe.
After three consecutive advances, sterling is struggling to find means for a surge till the 1.25 level.
Dollar/yen remains on the back foot and losses might be extended till below the 112 level during this week.
Today, gold rose till the 1.233 level, the highest since March the 6th, with analysts naming this recent strength as technical buying in face of dollar weakness.
On Thursday, Fed Chair Janet Yellen will speak. I’m expecting a less dovish interpretation of the Fed’s recent decision than the market seems to believe.
