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Analyst: Peter Cruz
Market Brief
The DXY bulls take a breather following the heaviest daily jump in a month. Upbeat US data underpin Fed tapering concerns, virus woes and geopolitics also back risk-off led USD strength. Gold sank to a low at $1,745 and closed at $1,737. More downside expected today.
On the data slate there are UK Retail Sales; Euro-Zone Current Account; UK Consumer Inflation Expectations; Euro-Zone CPI; Euro-Zone Construction Output; US Michigan Consumer Sentiment Index and US Baker Hughes US Oil Rig Count.
(a) Precious Metals Market
Market Brief
The DXY bulls take a breather following the heaviest daily jump in a month. Upbeat US data underpin Fed tapering concerns, virus woes and geopolitics also back risk-off led USD strength. Gold sank to a low at $1,745 and closed at $1,737. More downside expected today.
On the data slate there are UK Retail Sales; Euro-Zone Current Account; UK Consumer Inflation Expectations; Euro-Zone CPI; Euro-Zone Construction Output; US Michigan Consumer Sentiment Index and US Baker Hughes US Oil Rig Count.
(a) Precious Metals Market