The Really Useful Gold Thread

azlea
the old adage "money flows to where it is treated best"...good snippet here


the last 3/6 months the $ has been weak against high yielding currencies ie euro, gb pound, aussie and kiwi dollars. strong against the likes of the yen, swissie and canadian which have lower interest rates or forecast in the case of the CAD

the very near term US data [housing/manufacturing] has been ok which has gone a way to shore up the $. however intraday aside the $ trends still remain poor - yen aside where the rest of the world is leaning hard on [carry trade]

euro = up
uk = up
yen = down