Spot gold is on an upwards trajectory and given it has closed above the 38.2% retracement of the October to December sell-off (at $1250.9), the metal could be...
Chris Weston
Pepperstone
Spot gold is on an upwards trajectory and given it has closed above the 38.2% retracement of the October to December sell-off (at $1250.9), the metal could be headed to $1272 or even the 100-day moving average at $1290. In late US trade we get narrative from regional Fed presidents Charles Plosser (speaks at 04:45 AEST) and Richard Fisher (05:20 AEST). The narrative from these two individuals will be important as this year they get a chance to vote. If they detail that the recent weak payrolls report was a 'one-off' and that QE should be terminated sooner-rather-than-later we could see USD strength and gold weakness.
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Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market price action and advise on actionable trade ideas and investments in multiple asset classes.
Chris Weston
Head of Research
Pepperstone
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Expertise
Chris Weston
Head of Research
Pepperstone
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Expertise
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