Easing Geo-Political Tension.
We are drawing to an end of a quieter week in regards to actual market data releases, yet much of the focus was on constantly reoccurring US verse North Korea Nuclear pickle. So depending on how this continued to play out, it would in my opinion take hold of market direction for this week as we saw with the constant fluctations in last weeks forex and commodities markets. Monday was quiet, we saw little movement for the Gold market throughout the day, helped mainly by the retreating dollar falling below 104 against the yen! This allowed Gold to continue its rally, reaching $1353 by Monday's close. Tuesday had one big release worth following, we had the US CB Consumer Confidence Confidence, this came in substantially under forecast at 127.7. This dip should of caused quite some extra push in the Golds rally but as a result of the potential Chinese and US Trade negotiates actually taking place it completely dominated any release throughout the day. The positive news for world pea...