Thursday, November 14, 2013

The Latest LTG GOLDROCK REVIEWS



- Behind the scenes we've been tweaking and modifying the LTG GoldRock Daily Order sheets to make them easier to use and also allow traders to re enter a trend if they only wish to trade in one fundamental direction. We'll be shortly releasing the new look Order Sheets in early December.

- Westpac released its latest consumer confidence figure yesterday which was once again up. It was interesting to note however that even though consumers seem to remain positive in Australia, businesses don't, clearly evident by this week’s poor business confidence data. I also noted that Westpac's leading economist Bill Evans still thinks the RBA will lower interest rates again in February. If the US Fed keeps the stimulus flowing (which it seems they will) I don't think the RBA will have any choice other than to drop rates once again. I think this could come in February.

- I did suggest in this report yesterday that you keep an eye on the GBP for a move back higher if the unemployment figures that were coming Wednesday were good. They were…and today we'll get Retail Sales which could also move the GBP to a new monthly high particularly against the US Dollar post Yellen's comments this morning.

LTG GOLDROCK REVIEWS by Andrew Barnett

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