Short on dollar weakness
Targets for dollar @ $96.45, and with a further breakdown $95.90 - $95.65.
Gold will go up to 1360ish, then reverse.
Retail Sales had the steepest fall since September 2009. Initial jobless claims up 4k from previous, while Cpi showed no growth. PPI fell for the second month in a row with price of goods dropping .8%, the largest decrease since September 2015. Gold , and Dow look to finish the month strong as U.S. industrial production falls .6% leaving the dollar suspended in mid air.
Gold will go up to 1360ish, then reverse.
Retail Sales had the steepest fall since September 2009. Initial jobless claims up 4k from previous, while Cpi showed no growth. PPI fell for the second month in a row with price of goods dropping .8%, the largest decrease since September 2015. Gold , and Dow look to finish the month strong as U.S. industrial production falls .6% leaving the dollar suspended in mid air.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.