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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 […]

Gold – Drops Sharply Through Support Level at $1275

Gold for Wednesday, September 3, 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 […]

Week in FX Americas – BoC To Remain With Neutral Stance

Canadian growth quickens BoC to be pleased, but not impressed Poloz to remain with neutral stance next week Friday’s data revealed that the Canadian economy accelerated at the fastest pace in nearly three-years in Q2. The usual culprits supported the annualized +3.1% gain between April and June: exports, consumer spending and business investments (an area […]

Gold – Continues to Sit Below Resistance Level at $1290

Gold for Tuesday, September 2, 2014 Over the last week Gold enjoyed a resurgence as it moved strongly higher off the support level at $1275, however over the last few days it has been running into resistance at $1290.  In the week prior, Gold had been falling lower back towards the medium term support level […]

Australian Dollar Confronts an RBA Decision with Heavy Speculation

Talking Points: Dollar Traders Look Ahead to a Rebound in Liquidity and Pick Up in Data Euro Economic Health Fades Further, Investors More Expectant of ECB Australian Dollar Confronts an RBA Decision with Heavy Speculation Dollar Traders Look Ahead to a Rebound in Liquidity and Pick Up in Data As far as holiday trading conditions […]

Week in FX Europe – ECB not influenced by flash CPI

Geopolitical tension on the rise Euro flash CPI has not changed ECB consensus Italian job numbers break trend Month-end portfolio demand, geopolitical and event risk are all taking a stab at making an impact on forex prices. So far, and not unfamiliar, investors continue to wade through the same contrived trading ranges, but this time […]

Gold – Eases Away from Resistance Level at $1290

Gold for Monday, September 1, 2014 Over the last week Gold enjoyed a resurgence as it moved strongly higher off the support level at $1275, however it ran into a concrete wall of resistance at $1290.  In the week prior, Gold had been falling lower back towards the medium term support level at $1290 however […]

Gold – Moves Up Strongly But Runs Into Wall at $1290

Gold for Friday, August 29, 2014 Over the last few days Gold has enjoyed a resurgence as it has moved strongly higher off the support level at $1275, however it has run into a concrete wall of support at $1290.   In the week prior, Gold had been falling lower back towards the medium term support […]

Gold – Trying to Edge Higher from Support at $1275

Gold for Thursday, August 28, 2014 Over the last couple of days Gold has been enjoying a small rally off the support level at $1275 after spend the best part of the last week resting on support there.  In the week prior, Gold had been falling lower back towards the medium term support level at […]

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