BoC Raises Rates by 0.25% to 4.50%; Chinese Stock Market Roars Ahead; Gold Reaches 9-Month High at $1948; US Advance GDP of 2.6% Expected.
The long-term bullish trend in remains valid after Gold make a new 9-month high yesterday at $1948, and we have seen Copper maintain its recent strong bullish breakout.
In the Forex market, the US Dollar is again declining weakly, but the US Dollar Index is very close to support, which is looking likely to hold, possibly stalling much further decline. remains within a valid bullish trend and has risen to stand just a few pips short of a 9-month high above $1.09, so it is likely we will see higher prices there over the coming days.release of US Advance GDP data, which is expected to show GDP increasing at an annualized rate of 2.6%.
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