Forex & commodities on April 11, 2018: outlook


Here are my discretionary thoughts on forex and commodities. I only trade the stock market.
Go to the homepage for my latest thoughts on forex and commodities.

Thoughts

  1. Europe’s economic data is deteriorating a little more than the U.S.’ economic data. Supports the case for a USD bounce.
  2. Oil, gold, and silver are stuck at resistances.

1 am: Europe’s economic data is deteriorating a little more than the U.S.’ economic data. Supports the case for a USD bounce.
Europe’s economic data is deteriorating a little bit.

Meanwhile, the U.S.’ economic data is neither beating nor missing expectations.

This means that the U.S. economy is relatively better than the European economy at the moment. This means that Money Flow is heading towards the U.S. right now, which is a short-medium term bullish factor for the USD and bearish factor for the Euro.
1 am: Oil, gold, and silver are stuck at resistances
Oil is stuck at $66 resistance.

Silver is once again stuck at its resistance trendline.

While gold still has some ways to go before it hits its resistance trendline.

Read Forex & commodities on April 10, 2018: outlook

Bottom line

I only trade stocks. These are just my thoughts/outlook on other markets.

  1. Gold and silver are in bull markets.
  2. I’ve decided to buy some gold and silver as long term investments.
  3. The U.S. Dollar is in a bear market.

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