Weekly Market Outlook | 24.02.2017

Dovish Fed minutes send gold higher.

After starting the week off the wheel, the US dollar retraced previous gains amid a series of negative signals. The market is still waiting impatiently the potential “amazing” fiscal stimulus from the Trump administration, while the Fed has signalled there is no rush to lift borrowing rates. In Switzerland, exports contracted significantly in January, while the trade balance broke an all-time high. In Australia, the RBA minutes taught us that rates should remain unchanged for some more time due to poor economic fundamentals. However, the week ended on a positive note for gold which reached a 3-month high.