Gold 23 June
Bank of England raise the interest rate 50 basic points but the market didn’t react as it should.
Us might survive recession, but the UK seems to suffer more from it we might see GBP/USD reach the 1.25444 and GBP/JPY might reach 184.150 or even higher due to the interest rate differential.
Today is PMI if the number will be above 50 the economy is growing if its below its contracting it.
If the PMI is lower than 54 gold should go up cause its deflationary But if the PMI is above 54 gold should go down since its inflationary.
Us might survive recession, but the UK seems to suffer more from it we might see GBP/USD reach the 1.25444 and GBP/JPY might reach 184.150 or even higher due to the interest rate differential.
Today is PMI if the number will be above 50 the economy is growing if its below its contracting it.
If the PMI is lower than 54 gold should go up cause its deflationary But if the PMI is above 54 gold should go down since its inflationary.
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