Yesterday after the US Cpi, Dollar moved on the upper foot and turned strong, And hence there was a short selling across on Commodities, Today we will expect an impulsive force from this level for Re-selling Gold again.
Today we are short on Gold, The Friday selling impulse after the NFP data should continue today, And looking to match our targets of 2017 soon in the US session.
The second wave was a reversal of that after the Friday jobs data, in which bonds were sold off heavily in the aftermath. That led to 10-year Treasury yields rising back above the 4% mark:
We are going short on Crude Oil, Due to adjustment of sentiments, and expect to move lower.
News: Drone Strike Heightens Supply Fears
Crude oil prices witnessed a surge on Monday due to increased tensions in the Middle East. A drone attack targeting U.S. forces in Jordan, believed to be orchestrated by Houthi rebels, has raised concerns over potential disruptions...
