After a strong rally last week investors started the week locking in profits by selling off the US Dollar and equities.
Asian markets were mixed during today’s session, while European markets were lower today after data from Germany disappointed the market.
Slight losses were seen after Germany released disappointing industrial production data leading to assumptions that demand for oil could fall.
Gold is climbing as the Dollar weakens with profit taking. The low price seen on Friday also boosted physical demand.
Trading Tip: Pay notice to the situation in Germany to expect what will happen with the rest of the European economy.
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Weak German Data Affects European Market
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