Analysts at TD Securities suggest that they are going long on gold, as they expecting a weaker USD and reversal in positioning to buoy the yellow metal. Key Quotes “The USD’s strong momentum is set to lose steam, as recent statements from President Trump accusing America’s trading partners off currency manipulation and his break with tradition to criticize Fed policy provides a catalyst for fundamental factors.” “With the ECB QE unwinding on the way, we see the euro trend towards the low 1.20s later this year. This should help deflate the DXY currency index, which has been such a negative for gold of late.” “Positioning USD optimism, trade and EM angst have prompted investors to shun gold, dragging net positioning near the lower bound as money mangers hold excessive shorts and are significantly underweight. In fact, further analysis suggests gold traders hold significant amount of dry-powder to increase their bullish bets, but are constrained on the short-side.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next British ForMin Hunt: There is a very real risk of a Brexit ‘no deal’ FX Street 5 years Analysts at TD Securities suggest that they are going long on gold, as they expecting a weaker USD and reversal in positioning to buoy the yellow metal. Key Quotes "The USD's strong momentum is set to lose steam, as recent statements from President Trump accusing America's trading partners off currency manipulation and his break with tradition to criticize Fed policy provides a catalyst for fundamental factors." "With the ECB QE unwinding on the way, we see the euro trend towards the low 1.20s later this year. This should help deflate the DXY currency index, which has been such a negative… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
