Walid Salah El Din
FX Recommends
The gold is still depressed with no yields to represent to its holders, while the greenback is having now brighter interest rate outlook, after the Fed started to raise its funds rate at by 0.25%initially expecting reaching 1.375% at the end of 2016.
Now, the falling below $1046 which stopped it earlier this month can expose it to stronger downside momentum can lead to $1000 psychological level which can contain the market sentiment next.
The energy prices are suffering also from several sides, as they have no yield also and there can be lower accommodative stance hurting the demand for energy with resumed rising of US stockpiles reaching 490,657 record without halting of the pumped oil, while the greenback is gathering momentum by its higher yields.
Not Walid Salah El Din nor FX recommends accepts any liability for any loss or damage what's ever that may directly or indirectly result from any advice, opinion, information, representation or omission, whether negligent or otherwise, contained in these trading recommendations.
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