June is going to be a volatile month for the already bipolar markets. Some events of note; 1st June - Australian Q1 GDP figures 1st June - China manufacturing PMI figures 2nd June - Australian trade and retail figures 2nd June - OPEC meeting 3rd June - China services PMI figures 3rd June - US non-farm payroll numbers 8th June - China trade figures 9th June - China inflation figures 14th June - US retail figures 15th June - FOMC meeting - US interest rate decision 15th June - US inflation figures 16th June - Australian employment figures 23rd June - Brexit referendum vote 26th June - Recontested Spanish general election 2nd July - Australian Federal election
Yellen gives a speech early Tuesday morning our time. Any sign she's backing off from her recent hawkish stance will see gold go for another run maybe up to as high as $1275. This of course will cause the AUD to rally further increasing the likelihood of another RBA rate cut in July or August.
Yep, and July is down to about 20% Yellen is such an a$$ clown. Markets will surely get sick of following her drivel soon I hope.
Big day on the markets tomorrow. Expect lots of volatility in the markets not including the backdrop of the Brexit vote 4 major central bank meetings (US, BoJ, BoE and SNB) Australian employment figures New Zealand Q1 GDP figures UK retail figures Euro inflation figures US inflation figures