Cable, Gold & Aussie Dollar Rally Off Lows Plus The Week Ahead
From acysecurities.com
The heightened market volatility continued last week and this helped to deliver another huge batch of great trend-line breakout trades. Significant among these was the Cable for around 500 pips and Gold for $140! There were many more though and these are summarised later within this post. The anticipated US$ weakness developed but the DXY is now back at a key support level so bearish continuation is certainly not guaranteed. Stock markets in the US and Australia carved out a risk-on relief rally last week but I do see this as a bit of swimming against the tide as the Covid-19 situation is likely to get much worse in ...
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