All of these things could be lining up next week. Oil and gold have been driven mainly due to a falling dollar. (i.e., it takes more dollars to buy a barrel.)
Looks like the dollar might be fighting back soon. The Euro is something like 60% of the Dollar Index, so it makes sense. Here's my take on the EUR/USD chart this week....
If this trade breaks down for us, it might be time to start shorting Euros. Or Gold. Or even oil.
Looks like the dollar might be fighting back soon. The Euro is something like 60% of the Dollar Index, so it makes sense. Here's my take on the EUR/USD chart this week....
If this trade breaks down for us, it might be time to start shorting Euros. Or Gold. Or even oil.