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Gold – Struggling at Resistance at $1200

Gold for Tuesday, November 25, 2014 Over several days last week Gold made repeated runs at the resistance level at $1200 and failed every time, before finishing the week breaking through ever so slightly, although it is now slightly below $1200 and experiencing resistance there.  In the last couple of weeks Gold has enjoyed a […]

Week in FX Europe – Draghi Hands Ammo to Euro Bear

Draghi’s Dovish Remarks Suffocate EUR Market expects ECB to announce new measures in December Greater Euro/U.S rate divergence needs to be priced The euro bear got a subtle hint yesterday to consider “not” booking any EUR profits just yet, all because the EUR bull happened to be blinded by flash purchasing mangers’ index (PMI) numbers. […]

Gold – Moves to Three Week High Above $1200

Gold for Monday, November 24, 2014 Over several days last week Gold made repeated runs at the resistance level at $1200 and failed every time, before finishing the week breaking through ever so slightly.  In the last couple of weeks Gold has enjoyed a strong resurgence back to the key $1200 level where it has […]

Gold – Makes Another Run at Resistance at $1200

Gold for Friday, November 21, 2014 In the last couple of days Gold has made repeated runs at the resistance level at $1200 and failed every time.  In recent hours it has traded above the $1190 level after failing yet again.  In the last week or so Gold has enjoyed a strong resurgence back to […]

Gold – Resistance at $1200 Stands Tall

Gold for Thursday, November 20, 2014 In the last few hours Gold has been easing back towards $1180 after making a couple of runs at the resistance level at $1200 and failing.  In the last week or so Gold has enjoyed a strong resurgence back to the key $1200 level where it has met stiff […]

Gold – Enjoys Strong Rally Back to Key $1200 Level

Gold for Wednesday, November 19, 2014 In the last week or so Gold has enjoyed a strong resurgence back to the key $1200 level where it has met stiff resistance.   Throughout the second half of October gold fell very strongly and resumed the medium term down trend falling from above $1250 back down through the […]

Dollar Traders Whether FOMC Minutes Will Keep the March Towards Hikes

Talking Points: Dollar Traders Whether FOMC Minutes Will Keep the March Towards Hikes British Pound Fails to Regain Traction after CPI Uptick Yen Crosses Steady after Snap Election Call, Will the BoJ Help Soothe Uncertainty? Dollar Traders Whether FOMC Minutes Will Keep the March Towards Hikes The Dollar put in for a mixed session Tuesday […]

Week in FX Americas – Bullard and G20 Beat Down Dollar

U.S Retail Sales provided a brief dollar “bid” Bullard and G20 makes investors nervous Modest market participation provides choppy FX session The near global equity meltdown last month (later reversed) was not able to seriously damage Friday’s U.S. retail sales report for October. Overall, retail sales rose +0.3% on the month and managed to just […]

Week in FX Europe – Sterling Bulls Burned by Carney

Pound pummeled by bears’ license to roam U.K.’s first rate hike delayed Political uncertainty weighs on pound The sterling bear got a license to roam after Governor Mark Carney at the Bank of England (BoE) delivered some dovish expectations in the most recent Quarterly Inflation Report released midweek. The pound has hit a multiyear low […]

Gold Calm Ahead of US Retail Sales, Consumer Confidence Numbers

It’s been an uneventful week for gold prices and the lack of activity continues on Friday. In the European session, the spot price stands at $1153.77. We could see some movement from the pair, as the US releases three key events on Friday – Core Retail Sales, Retail Sales and UoM Consumer Sentiment. US Unemployment […]

British Pound Traders Brace for Volatility from BoE Report

Talking Points: Dollar Drops as FX Volatility, Rate Forecasts Offset British Pound Traders Brace for Volatility from BoE Report Yen Crosses Rally as Market Speculates on Election, Tax Hike Delay Dollar Drops as FX Volatility, Rate Forecasts Offset The US Dollar took a modest spill versus most of its major counterparts this past session as […]

Week in FX Europe – ECB Signals more Stimulus in the Pipeline

Draghi reaffirms he is in charge ECB preps to increase balance sheet to 2012 levels NFP expected to orchestrate EUR’s downfall This week’s ECB press conference explained away some of the markets concerns, especially those pertaining to President Draghi’s leadership. Investors were seeking guarantees that Draghi is still in control, and remains the leader to […]

Dollar Rallies to More than Five Year High as Payrolls Approach

Talking Points: Dollar Rallies to More than Five Year High as Payrolls Approach Euro Drops after Draghi Reiterates Stimulus Commitment British Pound Most Fundamentally At-Risk Currency Next Week Dollar Rallies to More than Five Year High as Payrolls Approach While many of the top financial headlines are cheering the fresh record highs for US equities, […]

Gold – Rests on Support at $1140

Gold for Friday, November 7, 2014 In the last few weeks gold has fallen very strongly and resumed the medium term down trend falling from above $1250 back down through the key $1240 level, down below $1200 to a multi year low around $1140.   In the first few days to start this week gold was […]

Gold – Drops Sharply to Below $1140

Gold for Thursday, November 6, 2014 In the last few weeks gold has fallen very strongly and resumed the medium term down trend falling from above $1250 back down through the key $1240 level, down below $1200 to a multi year low around $1140.  In the few days to start this week gold was able […]

Gold – Hovers Near Multi-Year Low Below $1170

Gold for Wednesday, November 5, 2014 In the last couple of weeks gold has fallen very strongly and resumed the medium term down trend falling from above $1250 back down through the key $1240 level, down below $1200 to a multi year low around $1160.  In the last couple of days to start this week […]

Gold – Drops Sharply Below $1200

Gold for Friday, October 31, 2014 In the last week gold has resumed the medium term down trend falling from above $1250 back down through the key $1240 level and down below $1200 in recent hours.  A couple of weeks ago Gold ran into the previous key level at $1240, however it also managed to […]

Gold – Drops Sharply to Near $1210

Gold for Thursday, October 30, 2014 In the last week gold has resumed the medium term down trend falling from above $1250 back down through the key $1240 level and down below $1210 in recent hours.   It eyes are again focused on the $1200 level.   A couple of weeks ago Gold ran into the previous […]

Gold – Steadies Around $1230

Gold for Wednesday, October 29, 2014 Over the last couple of weeks Gold has ran into the previous key level at $1240, however it also managed to surge higher to a five week high at $1255 early last week. In the last few days to finish last week however it fell strongly back down below […]

Gold – Drifts Lower Below $1230

Gold for Tuesday, October 28, 2014 Over the last couple of weeks Gold has ran into the previous key level at $1240, however it also managed to surge higher to a five week high at $1255 early last week. In the last few days to finish last week however it fell strongly back down below […]

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