The Traderszone Network

Published in TZ Latest News 4 May, 2014 by The TZ Newswire Staff

Gold Jumps Back Above 200DMA As USDJPY & Stocks Continue Slide

The weekend’s re-escalation in Ukraine has sent gold popping $10 (and back above its 200DMA) and FX carry (and thus US equities) sliding in the early overnight trading. With Japan out (and Europe set for another holiday) volume are, and will likely remain, low. Critically, USDJPY is back under 102, even as Japan’s central bank governor proclaims:

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