Gold Higher, USD Higher, Stocks Lower + Commodities

Gold Higher, USD Higher, Stocks Lower + Commodities $GLD, $SLV, $USD, $USO, $OIL, $SOY, $CORN, $WEAT Gold strengthens on risk-off trade China’s growth slows US Dollar (.DXY) Index up on the week Crude Oil futures fall again on supply/demand issues In Asia Gold prices are higher Friday as Asian shares fell on renewed political and economic concerns including China’s weak…

Australian Dollar: USD/AUD (AUD=X) wedge breakdown points to further downside

Australian Dollar: USD/AUD (AUD=X) wedge breakdown points to further downside AUD/USD looks to have broken down from its recent rising wedge pattern, with the break below $0.7112 providing a signal of potential impending downside from here. An impressive fall in unemployment helped the pair rebound overnight, yet this has simply found resistance on the ascending trendline.…