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Weekend Story: USD Thanks God Its Friday - September 29, 2012


USD higher after U.S. consumer sentiment rose to point its highest in four months. The increase is caused by optimism about the labor market and the economy.
Meanwhile, concerns about the financial sector objec will still take USD fell back. Consumers also have lowered their expectations on inflation.
Concerns that will slow the global economy will keep demand down on the energy sector, have also weighed on oil prices.
There was very little follow-through to the top after gold managed to withstand the stress caused by skyrocketing USD. Correction happened yet keep the gold price target of 1790, though the current price is already too high and forcing effect of strengthening USD bearish on the overall market.
The conclusion was that the USD is a good time to say THANKS GOD ITS FRIDAY ... :)

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