Wednesday, April 8, 2015
Due to the holidays and Spring Break the market have been very slow
Due to the holidays and Spring Break the market have been very slow .
The precious metals market received a boost on Friday when Non-Farm
Payrolls missed the target by a wide margin. Off at almost 50% less than
expectations with lower participation
rates you would think that we would see a weaker dollar. However the
market believes that all this means is that the Fed will still raise
rates only later than sooner. This makes the US dollar and its equities
markets the best looking when compare with other
markets. After the initial boost which saw gold trade as high as 1225
the metals have seemed to hit a wall and come off due to a stronger US
dollar. For today do not expect much action and expect sideways trading
for the rest of the day.
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