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Forex: Dollar Drops after FOMC Weighs in on Currency, But is this a Trend?

Talking Points: Dollar Drops after FOMC Weighs in on Currency, But is this a Trend? British Pound: Rate Forecasts Drop Before BoE Decision Euro Traders Ready for ECB President Draghi Commentary Dollar Drops after FOMC Weighs in on Currency, But is this a Trend? Given the S&P 500’s impressive rally and the Dollar’s tumble this […]

Gold – Rallies Higher to $1225

Gold for Thursday, October 9, 2014 For the best part of the last couple of weeks Gold has thoroughly enjoyed solid support at $1215 after falling strongly a couple of weeks ago from $1240 to just below $1215, however a week ago it dropped to its lowest level in 2014 near $1180.  In the last […]

Gold – Trying to Rally to Back Above $1215

Gold for Wednesday, October 8, 2014 For the best part of the last couple of weeks 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 few days it has dropped to its lowest level in 2014 near $1180.  […]

Gold – Fights to Remain Above Key $1200 Level

Gold for Tuesday, October 7, 2014 For the best part of the last couple of weeks 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 few days it has dropped to its lowest level in 2014 near $1180.  […]

Gold Dips Below $1200 on Sparkling Nonfarm Payrolls

Gold is stable on Monday, as the spot price is at $1194.13 per ounce in the European session. The metal dipped below $1200 following an excellent Nonfarm Payrolls report. It’s a quiet start to the week, with no US releases on Monday. Gold prices dropped on Friday after strong US job numbers. Nonfarm Employment change […]

Week in FX Americas – U.S. Dollar Gets Green Light after Jobs Report

U.S. unemployment rate plummets Fed’s doves and hawks find solace in report Yellen to focus on ‘slack’ in hourly earnings The U.S. dollar ends the week once again the dominant currency. An anemic European Central Bank (ECB) meet and press conference temporarily provided a EUR short squeeze just shy of the weekly highs (€1.2714) on […]

Gold – Remains Steady Around $1215

Gold for Friday, October 3, 2014 For the best part of the last couple of weeks 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 few days it has dropped to its lowest level in 2014 below $1205.  […]

Gold – Desperately Trying to Stay Above $1200

Gold for Thursday, October 2, 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 couple of days it has dropped to its lowest level in 2014 below $1205.  The next obvious […]

Dollar’s Current Bull Leg Strongest since Rally Through Crisis

Talking Points: Dollar’s Current Bull Leg Strongest since Rally Through Crisis Euro Stumbles as Inflation Data Raises the Stakes for ECB Thursday Japanese Yen: Japan Inc Says Concerned Over Low Currency Dollar’s Current Bull Leg Strongest since Rally Through Crisis With Tuesday’s close, the Dow Jones FXCM Dollar Index (ticker = USDollar) matched its run […]

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 […]

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