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Somos más que un simple corredor. Somos un ecosistema de trading todo en uno: todo lo que necesitas para analizar, operar y crecer está en un solo lugar. ¿Listo para elevar tu trading?
Analysts at HSBC offer brief insight on their outlook for EUR/USD, following the recently released ECB minutes, and what it means for the latest gold rally to $ 1300 mark.
Key Points:
The ECB minutes showed some concern on EUR strength
Given these minutes are carefully constructed, the inclusion of notions of unease about EUR strength is significant
If the EUR weakens to the USD, this could stall the gold rally
Without the obstruction of a stronger USD, gold looks like challenging USD1,300/oz
The worry over low inflation has provided bullion with a second wind
Geopolitical risk-off sentiment also remains, related to the recent North Korea news
The modest build in gold-ETFs recently and the move back into the gold space of macro investors is encouraging
USD1,300/oz is a tough resistance level, however, and may not be cracked on the first couple of attempts