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FXdudy · 21-03-2008, 12:34

GOLD
Against a background of strengthening USD gold fell sharply. The collapse of gold was caused by the closure of a large number of speculative positions, which had been opened against the dollar decline. Sharp fluctuations in the gold were caused by USD decline, as it is quoted in USD value. Against the background of USD decline, many participants bought futures on goods to maintain their savings, and that led to their growth. However, the strengthening of the dollar led to outflows of speculative money to the foreign exchange market, and then it was followed by strong sales of commodity items. It is expected that the American currency will soon resume its decline, against the backdrop of which we will see a further increase in the cost of metals....full text is here:PoltekFX Analytics » Blog Archive » Review of FOREX 21.03.08

21-03-2008, 12:34	#13
FXdudy level 1 Join Date: Mar 2008 Posts: 29 Downloads: 0 Uploads: 0 Rep Power: 0	Re: Analytics for beginners GOLD Against a background of strengthening USD gold fell sharply. The collapse of gold was caused by the closure of a large number of speculative positions, which had been opened against the dollar decline. Sharp fluctuations in the gold were caused by USD decline, as it is quoted in USD value. Against the background of USD decline, many participants bought futures on goods to maintain their savings, and that led to their growth. However, the strengthening of the dollar led to outflows of speculative money to the foreign exchange market, and then it was followed by strong sales of commodity items. It is expected that the American currency will soon resume its decline, against the backdrop of which we will see a further increase in the cost of metals....full text is here:PoltekFX Analytics » Blog Archive » Review of FOREX 21.03.08 Attached Thumbnails Last edited by FXdudy : 21-03-2008 at 12:39.