Heavy Indicator today
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Dear Traders,
We have heavy indicator today
12:30 GMT Advance Retail Sales (US)
12:30 GMT Retail Sales Less Autos
Expected for Both is 0.4%
Now if data comes Higher than Expectation, it will tantmount to better chances for tightening.
And this would become favourable on short-term for Dollar, However Geopolitical scenerio would not dempen the hope for higher prices of precious metal.
However, we have a certain feeling for a little pull-back, could be Traders closing there Position before the WeekEnd.
We should see what NY Opening does, and how data comes out as.
MAIN EYE FOR ALL TRADERS :-
Await for the Indicators,
DONT PANICK
Precious Metals are Playing still in Ranges Since Asia Morning. A little Pull Back occured from 665.45 in Asia due to little profit taking and for Silver from 11.6875 to 11.5875 - Not much change.
We will also Post ASAP after release of data, of what to do Sell or Buy.
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