Posted 12/20/2023, 12:33:49 PM
Markets Show Varied Movements As Traders Eye Data Reports, Dollar-Gold Relationship
- Markets are showing mixed trading today across currencies, energies, financials, indices, and gold. Not a correlated market.
- Major economic reports coming out today that could impact trading.
- Explaining the inverse relationship between the US Dollar and gold. When one goes up, the other tends to go down.
- Possible challenges for traders today with uncorrelated markets and major reports.
- Bias is to the downside based on the USD and crude trading higher which generally reflects a downside day.