StrathCapital

Risk Increases? So Does Gold

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Market remains bullish


- The key event this week is the ECB on Thursday
To specify strategy on quantitative easing
Members of ECB have been bullish on the European economy but have not quantified what they will offer to boost the European economy
European banks should benefit from a good message
Strong earnings by European companies

- USA
Unemployment rate is historic lows
Should remain strong, no surprises expected (~4%)

- Next week there will be meeting on the Brexit plan
A specific plan to deal with it would boost the markets

Progressing trade talks between China & USA should keep boosting the markets and result in another good week.
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