Gold was down on Monday morning in Asia as the dollar continued to strengthen. Investors now look to U.S. data for further clues on the U.S. Federal Reserve’s timetable to begin asset tapering.
Oil prices rose for a second session on Monday as concerns over U.S. output following damage from Hurricane Ida supported the market, along with expectations for higher demand.
The dollar was up on Monday morning in Asia, continuing its gains from the previous week. Investors remain wary of the U.S. Federal Reserve beginning asset tapering even as the number of COVID-19 cases surges globally.
Some thoughts that you need to know to start the week.
This analysis would allow you to see when a share is overbought (expensive or higher scorer) or oversold (cheap or lower score) and ready to revert to the mean.