Goldstocktrades.com reported that Gold Breaking Out Verse Euro, Relative Strength Chart Shows Trend Change
Goldstocktrades.com reported that Gold Breaking Out Verse Euro, Relative Strength Chart Shows Trend Change:
The trade deficit widened unexpectedly this month after the dollar reached extremely oversold levels, which was quite surprising to Wall Street. Usually, a weaker dollar should lead to an increase of exports of U.S. goods; however, the exact opposite occurred. This further signifies the global economic slow down despite record government stimulus, a devalued dollar and artificially induced low interest rates. The market and the employment situation are no better off now than they were previously.