Saturday, January 27, 2018

Jan[7] - Market Updates

Gold:  
Following weakening of USD, gold price has been riding on uptrend since early of 2018. It hit one year peak ~ 1358 last week. Next resistance would be ~ 1377 which is three years peak. Shall this be broken, more upside could be coming.

Gold ETF (NYSE: IAU)


Market Calendar on coming week:  
Next week, the most important event will be the Fed monetary policy decision. Other key data include: the US nonfarm payrolls, ISM Manufacturing PMI, personal spending and factory orders; the Eurozone GDP growth, inflation and unemployment; Japan unemployment; China manufacturing PMIs;
(SG: Singapore; CH: China; US: USA)

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