The broad Dollar and index have unwound more of Wednesday’s pre and post US durable goods gains after another solid Treasury auction indicated a retreat in yields alongside some curve realignment from pronounced steepening, which in turn helped Gold and other precious metals to rebound sharply (Xau currently back up around Usd 1950/oz compared to just above Usd 1900 at one stage). In fact, the DXY is now hovering shy of 93.000 within a 92.991-783 range awaiting top tier data, Fed speakers at the symposium and the final issuance of the week, while also conscious of the fact that today is spot month end and portfolio rebalancing models are negative on balance for the Buck.
All narrowly mixed vs the Greenback, as the Franc holds above 0.9100 and perhaps takes heed of Swiss Q2 GDP not contracting quite as much as expected, while the Euro continues to bang its head against 1.1850 and the 200 HMA in close proximity, but hold above 1.1800 and around the 21 DMA with a decent spread of option expiries outside of those parameters (from 1.1750-60 through 1.1900 to 1.19050-55). Further upside is anticipated, let's see where price moves to over the next few hours...
Thanks for all your support thus far...
👍🏻👍🏻
All narrowly mixed vs the Greenback, as the Franc holds above 0.9100 and perhaps takes heed of Swiss Q2 GDP not contracting quite as much as expected, while the Euro continues to bang its head against 1.1850 and the 200 HMA in close proximity, but hold above 1.1800 and around the 21 DMA with a decent spread of option expiries outside of those parameters (from 1.1750-60 through 1.1900 to 1.19050-55). Further upside is anticipated, let's see where price moves to over the next few hours...
Thanks for all your support thus far...
👍🏻👍🏻