Political tension in US and geographical conflicts attracted market interest towards safe-heaven assets, such as gold. Thus USD entered downtrend since mid 2017. Both assets have been testing respective resistance and support last week. Coming weeks will be central bank meeting from Europe and US, which shall decide the fate of both asset classes.
Gold ETF: GLD (listed on NYSE)
USD index ETF: UUP (listed on NYSE)
Market Calendar on coming week:
In the US, the most important events will be inflation rate, retail trade, industrial production and the preliminary reading of Michigan consumer sentiment. Elsewhere, the Eurozone industrial production and China industrial output, retail trade and fixed asset investment will be announced.
(SG: Singapore; CH: China; UK: United Kingdom; US: USA; JP: Japan).
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