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Sunday, November 25, 2012

GOLD and USD

The USD is cracking downside, while the Gold ETF(GLD) is breaking to upside. $USD support support level 78.7, GLD next target 173.5. Good sign for the stock market if USD went down.



3 comments:

Butter said...

FJ, can explain why it is good for the stock market when USD go down?
Thanks.

Fan Jun said...

Hi Butter, there are many factors behind for USD go up the stocks go down and vice versa, such as Risk aversion, Fed Interest rate policy etc... the evidence shows the inverse relationship between USD and DJI has been there for the past 10 yrs.

Butter said...

thanks FJ. I will try to look into this.