Gold backdrop driver#
Gold backdrop full#

The 'damning revelations' by Swapna last week has since affected the normal life in the state, with the Congress and the BJP taking to the streets demanding Vijayan's resignation. Surendran was inaugurating a protest of the women's wing of the BJP in Thrissur where all the women were dressed in black. The demand comes against the backdrop of gold smuggling case accused Swapna Suresh's allegation that the chief minister, his wife Kamala and their daughter Veena were involved in the crime. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.Senior BJP leader Shoba Surendran on Monday demanded that the central agencies question Chief Minister Pinarayi Vijayan and his family in connection with the gold smuggling case.

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Gold backdrop full#

Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. Targets for the current move are 1850 followed by 18. I am scaling out close to each target while keeping the stop at the BE. Targets are 18 followed by 1820 but only if momentum keeps strong. My shorts are still going well as you can see on the chart. 1880-90 is the next dynamic zone where I would sell. However at this point we can use technicals to sell GOLD. Gold is widely regarded as a currency in its own right and thus, during times of US dollar weakness, gold often increases in value as many investors choose to own gold rather than US dollars.

Gold backdrop driver#

Those seeking to evaluate exposures in AUD and BRL currencies might also look to the price of iron ore as a potential driver of returns. These transfers essentially change demand for the currency and can directly cause changes in the AUDUSD currency pair as well.

The AUD has a high correlation to gold due to Australia’s extensive gold mining operations.Īs gold prices fluctuate, this increases or decreases the amount of funds transferred into AUD to make purchases of the metal. If the market manages to stay above the left shoulder it should bounce up. We have the backdrop which is stagflationary. With the latest CPI inflation reading among other things, real wages are falling and consumer sentiment is taking a big hit.