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Bull Put Spread

HUNGARY

'Dovish' NBH Hike Weighs on HUF

SOUTH AFRICA

Headline CPI Seen Creeping Higher

GBPUSD

Sterling Edging Lower Through European Open

GOLD
GOLD: Gold is threatening a break back below $1,800/oz at typing, even with
increased worry re: COVID-19, a relatively torrid session for Wall St. and a
kick lower for nominal Tsy yields all noted. Still bulls continue to look to the
cycle high as the initial point of resistance, while bears initially look for a
break below $1,791.7/oz, the Jul 8 low.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com