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Gold – Drops to Nine Month Low with Eyes on $1200

Gold for Wednesday, October 1, 2014 For more than a week now Gold has thoroughly enjoyed solid support at $1215 after falling strongly a couple of weeks ago from $1240 to just below $1215, however in the last 24 hours it has dropped to its lowest level in 2014 below $1205.   The next obvious level […]

Gold – Support Level at $1215 Remains Firm

Gold for Tuesday, September 30, 2014 For more than a week now Gold has thoroughly enjoyed solid support at $1215 after falling strongly a couple of weeks ago from $1240 to just below $1215.  The next obvious level of potential support remains at $1200 which is a long term key level. If gold was to […]

Week in FX Europe – EUR Run Ragged after Consolidation

U.S. dollar adjusts to mid-2015 rate hike ECB could use additional unconventional measures With QE on the table the EUR could hit €1.20 in six months Diverging monetary policies have fueled the U.S. dollar’s strength this summer, more so against the EUR than any of the other Group of Seven (G-7) currencies. On Thursday, the […]

Gold – $1215 Level Continues to Assist

Gold for Monday, September 29, 2014 For more than a week now Gold has thoroughly enjoyed support at $1215 after falling strongly a couple of weeks ago from $1240 to just below $1215.  The next obvious level of potential support remains at $1200 which is a long term key level.  If gold was to fail […]

Dollar Rising Too High for Fed’s Liking?

Talking Points: Dollar Rising Too High for Fed’s Liking? Euro Discounts Draghi Talk, Bigger Concerns Looming New Zealand Dollar Suffers Biggest Drop in 15 Months Dollar Rising Too High for Fed’s Liking? Earlier this week, New York Fed President William Dudley remarked that the US Dollar’s rapid rise could hinder growth and undermine the central […]

Gold – Support at $1215 Stands Firm

Gold for Friday, September 26, 2014 For most of this week Gold has enjoyed support at $1215 after finishing last week falling strongly from $1240 to just below $1215. After finding some support around $1225 for a few days to start last week which saw it rally back close to $1240, Gold then fell sharply […]

Dollar’s 11th Week Advance Looking Troubled as Fed Commentary Mixed

Talking Points: Dollar’s 11th Week Advance Looking Troubled as Fed Commentary Mixed Euro Tumbles after ECB President Draghi Reiterates Easing Commitment British Pound: Traders Await BoE Gov Carney’s First Post-Referendum Speech Dollar’s 11th Week Advance Looking Troubled as Fed Commentary Mixed Eleven straight weeks. That is the bullish run that the US Dollar is trying […]

Gold – Receives Much Needed Support From $1215

Gold for Thursday, September 25, 2014 For most of this week Gold has enjoyed support at $1215 after finishing last week falling strongly from $1240 to just below $1215. After finding some support around $1225 for a few days to start last week which saw it rally back close to $1240, Gold then fell sharply […]

Gold – Drops to New Low Below $1215

Gold for Tuesday, September 23, 2014 Gold has remained quite steady to start this new week around $1215.  It is enjoying some consolidation after finishing last week falling strongly from $1240 to just below $1215.  After finding some support around $1225 for a few days to start last week which saw it rally back close […]

Precious Metals Pummeled, Crude and Copper Slump Ahead Of China Data

Talking Points Gold and Silver Downside Risks Remain Following Break Below Technical Barriers Copper and Crude Oil Suffer Ahead of Chinese September Manufacturing Figures Platinum Targets The 1,314 Floor Following A Slide Under The 1,360 Handle The precious metals have extended Friday’s declines in Asian trading today with silver the worst performer of the group […]

Week in FX Europe – Swiss Floor Not under Immediate Threat

SNB more dovish than expected Swiss floor supported by potential forex intervention SNB inflation projections lowered The Swiss National Bank (SNB) provided no major surprises in its quarterly policy review earlier this week, but the tone of its statement was probably more dovish than the market had expected. For the 13th consecutive quarter, the SNB […]

Gold – Drops to New Low Below $1215

Gold for Monday, September 22, 2014 To start this new week Gold is rallying a little higher from the $1215 level after finishing last week falling strongly to just below $1215.  After finding some support around $1225 for a few days to start last week which saw it rally back close to $1240, Gold then […]

British Pound Gains, Yen Falls as Scotland Votes Against UK Secession

Talking Points: British Pound Trades Broadly Higher as Scotland Opts Against UK Secession Japanese Yen Under Pressure as Firming Risk Appetite Sinks Haven Demand See Economic Releases Directly on Your Charts with the DailyFX News App The British Pond outperformed in overnight trade, rising as much as 0.9 percent on average against its leading counterparts, […]

Gold – Remains Steady Around $1225

Gold for Friday, September 19, 2014 After finding some support around $1225 for a few days to start this week which saw it rally back close to $1240, Gold has now fallen sharply to its lowest level since Janyary this year.  The next obvious level of potential support is at $1200 which is a long […]

Gold – Rallies to Resistance at $1240, with Eyes on $1200

Gold for Wednesday, September 17, 2014 During the few days of this week Gold has been able to find some support around $1225 and rally up consolidate just below the resistance level at $1240.   To start this week gold reached an eight month low below $1226 after falling heavily over the last few weeks.  The […]

Dollar Checks Back in Anticipation of FOMC Decision

Talking Points: Dollar Checks Back in Anticipation of FOMC Decision British Pound Volatility but Noncommittal After Inflation Report Euro Traders Will React to Fed and then ECB Dollar Checks Back in Anticipation of FOMC Decision This week’s top event risk is upon us. The Federal Reserve’s monetary policy meeting carries deeper meaning than just a […]

Gold – Taking a Breather Just Below $1240

Gold for Tuesday, September 16, 2014 Over the last couple of days to start this week Gold has been able to find some support and consolidate around the $1230 level after falling heavily over the last few weeks to an eight month low below $1226.   The next obvious level of potential support is at $1200 […]

Gold – Breaks Through $1240 to Eight Month Low at $1225

Gold for Monday, September 15, 2014 Gold has fallen sharply over the last few weeks however it found no support from the medium term support level at $1240 and continued lower to finish out last week.  It has now reached an eight month low around $1225 and the next obvious level of potential support is […]

Week in FX Europe – Sterling Bulls and Russian Bears Remain Active

Scottish “No” picks up momentum Sterling tries to fill in plummeting gap Russian Bear is not endangered Sterling is closing out the week holding on to its late Thursday’s gains (£1.6250) after another poll on Friday morning revealed a stronger “No” count for Scottish independence. The September 11 Survation online poll for the Daily Record […]

Dollar Looks to Fed to Secure Strongest Run in Half a Century

Talking Points: Dollar Looks to Fed to Secure Strongest Run in Half a Century British Pound Edges Higher as Market Digests Shift in Scotland Sentiment Euro Focus Still on ECB Policy, But Sovereign Bond Yields are Rising… Dollar Looks to Fed to Secure Strongest Run in Half a Century Friday is opening once again green […]

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