Don't believe FED is moving rates anywhere too quickly
Continued economic uncertainty worldwide
Looks like it may have bottomed out here. Equally a move back to USD 1200 would not be too surprising (a lot of structure)
My longer term outlook is a push to USD 1400 mid 2017
Continued economic uncertainty worldwide
Looks like it may have bottomed out here. Equally a move back to USD 1200 would not be too surprising (a lot of structure)
My longer term outlook is a push to USD 1400 mid 2017
Commentaire:
Brutal reversal after Trump victory. Market fears rate rises hence sell off. Wouldn't be surprised if current sell off is overdone.