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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 […]

Dollar Rally Shifting from Schadenfreude to Inherent Fundamentals

Talking Points: Dollar Rally Shifting from Schadenfreude to Inherent Fundamentals British Pound: Will BoE Testimony Do More Than Carney’s ‘Spring Hike’ New Zealand Dollar Paid Penance for a Mere Pause in RBNZ Hike Regime? Dollar Rally Shifting from Schadenfreude to Inherent Fundamentals Over the past few months, the Dollar’s fundamental landscape has developed unevenly. Yet, […]

Gold – Takes a Breather Above $1250

Gold for Wednesday, September 10, 2014 After running into resistance at $1290 for several days, gold has fallen sharply over the last week or so, however it has spent the best part of two days consolidating and remaining steady above $1250.   In doing so has broken through the support at $1275 on its way down […]

Gold – Drops Sharply to Three Month Low Near $1250

Gold for Tuesday, September 9, 2014 After running into resistance at $1290 for several days, gold has fallen sharply over the last week or so.  In doing so has broken through the support at $1275 on its way down towards the $1250 level and a three month low.  It tried to rally higher last week […]

Week in FX Europe – ECB’s Super Mario Cuts and Introduces ABS

The European Central Bank (ECB) came, delivered, and made a difference this week. Investors and dealers were positioned for further disappointment from eurozone policymakers, but what “Super Mario” (read: ECB chief Mario Draghi) did has had a far greater impact on the market. The ECB made a bold move to avert eurozone deflation and growth […]

Gold – $1275 Level Now Providing Resistance

Gold for Monday, September 8, 2014 After running into resistance at $1290 for several days, gold has fallen sharply over the last week and in doing so has broken through the support at $1275.  It tried to rally higher last week however it ran into further resistance at $1275 before falling lower to a four […]

Gold – Drops to Four Month Low Below $1260

Gold for Friday, September 5, 2014 After running into resistance at $1290 for a few days, gold has fallen sharply over the last week and in doing so has broken through the support at $1275.  It rallied a day ago however ran into further resistance at $1275 before falling lower to a four month low […]

Gold – Desperately Clinging to Key $1275 Level

Gold for Thursday, September 4, 2014 After running into resistance at $1290 for a few days, gold has fallen sharply in the last 24 hours to break through the support at $1275 and fall to a 10 week low around $1265 in the process. Over the last week Gold had been enjoying a resurgence as […]

Dollar’s Strong Rally Finds EURUSD, S&P 500 Unresponsive

Talking Points: Dollar’s Strong Rally Finds EURUSD, S&P 500 Unresponsive Euro Firms Outside of EURUSD, Surge in Investor Appetite British Pound Collapses Despite Data Dollar’s Strong Rally Finds EURUSD, S&P 500 Unresponsive The return of North American liquidity seemed to bring with it a strong demand for the dollar. The Dow Jones FXCM Dollar Index […]

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