VIP Analysis report 08/06/2021 by Peter Cruz

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Analyst: Peter Cruz

Market Brief


The US Dollar Index (DXY) pauses around the short-term key support line after a two-day downtrend. Gold broke through the $1,900 level to a current high at $1,903.17 in the early Asian session. For the time, it does not seem to hold above the $1,900 level and currently trading at $1,897.

On the data slate there’s German Industrial Production; Euro-Zone ZEW Survey – Economic Sentiment; Euro-Zone Employment Change; Euro-Zone GDP; German Zew Survey – Current Situation & Economic Sentiment; US Business Optimism; US Goods & Services Trade Balance and Goods Trade Balance.

(a) Precious Metals Market

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