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Gold – Drops to One Month Low Below $1300

Gold for Friday, July 25, 2014 Gold is trying to rally higher after falling sharply below the key $1300 level.  You could argue that this has been coming for a few days as it has been slowly but surely easing lower below $1305 heading south towards $1300.   The $1300 level has been reinforced as a […]

Gold – Continues to Look South Towards Key $1300 Level

Gold for Thursday, July 24, 2014 Gold is slowly but surely easing lower just below $1305 back towards $1300 which it has now been doing for the last few days and it is looking to threaten any potential support at this level.  The $1300 level has been reinforced as a level of significance in the […]

British Pound Out of Room and Facing Trial by Event Risk

Talking Points: Dollar Performance Not as Robust as EURUSD Insinuates Euro Tumbles As European Equities Rally British PoundOut of Room and Facing Trial by Event Risk Dollar Performance Not as Robust as EURUSD Insinuates The world’s most liquid currency cross EURUSD made a significant break this past session. Breaking through the 1.3500-floor that kept the […]

Gold – Easing Back to Key Level of $1300

Gold for Wednesday, July 23, 2014 The $1300 level has been reinforced as a level of significance in the last week with gold falling sharply from its highs above $1345 back down to this level where it has been met with overwhelming demand. This has seen gold rally higher and now consolidate just above the […]

Gold – Settles Above Key Level of $1300

Gold for Tuesday, July 22, 2014 The $1300 level has been reinforced as a level of significance in the last week with gold falling sharply from its highs above $1345 back down to this level where it has been met with overwhelming demand.  This has seen gold rally higher and now consolidate just above the […]

Week in FX Americas – Inflation Concerns Come to the Fore

US consumer sentiment declines Consumer has a balanced view on inflation Canucks take price rise on stride Despite the geopolitical event risk in play, a couple of North American economic releases on Friday gauged consumer sentiment and inflation concerns. In the U.S, the preliminary University of Michigan Consumer Sentiment Index for July declined to 81.3 […]

Gold Steady Ahead of Key US Numbers

Gold is trading just shy of the key $1300 level on Thursday. In the European session, the spot price stands at $1299.07 per ounce. On the release front, it’s a busy day with three key events, Building Permits, Unemployment Claims and the Philly Fed Manufacturing Index. Federal Reserve Chair Janet Yellen concluded two days of […]

British Pound Rallies on Inflation Report, Will Jobs Data Curb or Amplify?

Talking Points: Dollar Advances on Yellen Commentary but Checked by Risk Waver British Pound Rallies on Inflation Report, Will Jobs Data Curb or Amplify? Euro Eyes 1.3500 as Equities Slide, Bond Yields Slowly Gain Dollar Advances on Yellen Commentary but Checked by Risk Waver Technically speaking, the US Dollar is in the middle of an […]

Gold Steadies After Sharp Losses, Markets Await Yellen Testimony

Gold prices have steadied on Tuesday, as the spot price stands at $1309.23 per ounce late in the European session. Gold slipped about 2% on Monday, as the pair fell close to the $1300 level. On the release front, Monday’s highlights are Core Retail Sales and Retail Sales. As well, Federal Reserve chair Janet Yellen […]

Gold Falls After Profit Taking Before Fed Moves

Gold dropped as some traders deemed an advance to an almost four-month high as excessive and as investors awaited clues on when U.S. policy makers may begin raising interest rates. Silver declined. Bullion rose 1.3 percent last week, capping the longest run of weekly gains since 2011, partly as a parent company of Portugal’s second-biggest […]

Gold Climbs as Fed Remains Mum on Rates

Gold prices have risen on Thursday to their highest levels since March, as the spot price stands at $1343.70 per ounce in the European session. The metal gained steam as the Federal Reserve minutes did not provide any clarity as to when the Fed might raise interest rates. In economic news, US Unemployment Claims is […]

Dollar Torn Between Revived Volatility and Fading Rate Forecasts

Talking Points: Dollar Torn Between Revived Volatility and Fading Rate Forecasts Euro’s Troubles Build as Sovereign and Financial Stability Concerns Revived British Pound: Hike Hopes Face True Test Next Week on CPI, Jobs Dollar Torn Between Revived Volatility and Fading Rate Forecasts Once again, the Dollar’s two primary fundamental guide-lines were pulling the currency in […]

Gold – Returns to Short Term Resistance Around $1330

Gold for Thursday, July 10, 2014 In recent hours gold has made another attempt to push higher back up toward the resistance area around $1330 before easing off slightly.  After pushing higher to a three month high above $1330 last week, it then spent a few days easing lower back to below $1320 and showing […]

Dollar Drops Despite a Rise in Volatility, Fed Forecast Standoff

Talking Points: Dollar Drops Despite a Rise in Volatility, Fed Forecast Standoff Euro Traders Start to Feel Rumbles in Financial System, Greece Again British Pound May not Have Been Cowed by Data but Yields Were Dollar Drops Despite a Rise in Volatility, Fed Forecast Standoff Forex traders are taking a pessimistic view of the US […]

Gold – Indecision Continues Under $1320

Gold for Wednesday, July 9, 2014 After pushing higher to a three month high above $1330 last week, gold has spent the last now few days easing lower back to below $1320 and is showing more signs of indecision again after doing it a lot over the last few weeks. After several days of classic […]

FX Waits For The US to Return Today

It’s difficult to get excited about a market after a long weekend, especially one where various asset classes have been on a tear of late. It seems that both Asia and Europe are happy to rely on taking market direction suggestions from North America after the Fourth of July celebrations. Last week saw global bourses […]

Gold – Indecision Resurfaces Under $1320

Gold for Tuesday, July 8, 2014 After pushing higher to a three month high above $1330 last week, gold has now just eased a little lower back to below $1320 and is showing more signs of indecision again after doing it a lot over the last few weeks.   After several days of classic signs of […]

Gold – Continues to Ease Back Under $1320

Gold for Monday, July 7, 2014 After pushing higher to a three month high above $1330 last week, gold has now just eased a little lower back to below $1320.  After several days of classic signs of indecision with its multiple doji candlestick patterns on the daily chart a couple of weeks ago, gold pushed […]

EURO (ECB) or USA (NFP): Who is the Market’s Favorite?

Investors require volatility for opportunity and with today’s plethora of economic releases and a European Central Bank (ECB) announcement due on the other side of the Atlantic, the market should be exposed to a significant pre-fireworks display, heightened by a shortened trading day ahead of the Fourth of July celebrations stateside. With the granddaddy of […]

Gold – Eases Back to $1320

Gold for Friday, July 4, 2014 After pushing higher to a three month high above $1330 a few days ago, gold has now just eased a little lower back to around $1320.   After several days of classic signs of indecision with its multiple doji candlestick patterns on the daily chart last week, gold made an […]

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