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Gold Steady Ahead of Host of US Numbers

Gold is showing little movement on Tuesday, as the spot price stands at $1177.61 per ounce. On the release front, there are a host of US events ahead of the Christmas holiday. There are four key events on the calendar – Core Durable Goods Orders, Final GDP, UoM Consumer Sentiment and New Homes. With the […]

USD Crawls to Fresh Five-Year High as Markets Focus on Rate Contrast

Talking Points: Dollar Crawls to Fresh Five-Year High as Markets Focus on Rate Contrast Euro Finds Too Little Traction, Too Late Yen Crosses Advance after BoJ Downgrades Growth Assessment Dollar Crawls to Fresh Five-Year High as Markets Focus on Rate Contrast A drain in liquidity often translates into a moderation in heavy exposure or one-sided […]

Gold Unchanged Ahead of US Housing Numbers

Gold is showing little movement on Monday, as XAU/USD trades slightly below the $1200 level. In the European session, the spot price stands at $1195.94. It could be a quiet week for gold ahead of the Christmas holiday. On the release front, today’s sole event is US Existing Home Sales. The markets are expecting the […]

Week in FX – Patient Fed Soothes Jittery Markets

Fed’s message brings season tidings BoJ Keeps Status Quo Abe’s cabinet to approve stimulus soon Market makes a beeline for the ‘turn’ Capital markets are poised to fall silent as the holidays are about to begin in earnest. It’s in hot pursuit of the broad-based risk-on rally that has given U.S. equities their biggest two-day […]

Gold – Resistance at $1200 Continues to Stand Tall

Gold for Friday, December 19, 2014 The last week or so has seen gold ease lower away from the resistance level at $1240 back down to find support at $1220 however several days ago it fell sharply back through the key $1200 level where it is now meeting strong resistance.  Gold enjoyed a solid surge […]

Gold – Struggles to Get Above Resistance at $1200 Again

Gold for Thursday, December 18, 2014 The last week or so has seen gold ease lower away from the resistance level at $1240 back down to find support at $1220 however a few days ago it fell sharply back through the key $1200 level where it is now meeting resistance.  Gold enjoyed a solid surge […]

Gold – Meeting Resistance at $1200 Again

Gold for Wednesday, December 17, 2014 The last week has seen gold ease lower away from the resistance level at $1240 back down to find support at $1220 however in the last 48 hours it has fallen sharply back through the key $1200 level where it is now meeting resistance.  Gold enjoyed a solid surge […]

Gold – Drops Sharply Back Below $1200

Gold for Tuesday, December 16, 2014 The last week has seen gold ease lower away from the resistance level at $1240 back down to find support at $1220 however in the last 24 hours it has fallen sharply back through the key $1200 level.  Gold enjoyed a solid surge higher up from the key $1200 […]

Gold – Steadies Above Previous Resistance Level at $1220

Gold for Monday, December 15, 2014 The last week has seen gold ease lower away from the resistance level at $1240 back down to find support at the previous short term resistance level of $1220.  Gold enjoyed a solid surge higher up from the key $1200 level to a new six week high just shy […]

Gold – Steadies Below Resistance of $1240 Around $1225

Gold for Friday, December 12, 2014 After surging so well a couple of days ago Gold has been content to consolidate and just slowly ease away from the resistance level at $1240 over the last day or so. Gold enjoyed a solid surge higher up from the key $1200 level to a new six week […]

Euro Traders Prepare for Direct Stimulus Update

Talking Points: Dollar and S&P 500 Suffer Worst Declines Since October Panic Euro Traders Prepare for Direct Stimulus Update Swiss Franc Potential Lopsided in SNB Rate Decision Dollar and S&P 500 Suffer Worst Declines Since October Panic ‘The Dollar’s safe haven status is broken’? That seems to be a claim be made more often these […]

Gold – Steadies Below Resistance at $1240

Gold for Thursday, December 11, 2014 After surging so well a couple of days ago Gold has been content to consolidate and just slowly ease away from the resistance level at $1240 over the last day or so.  Gold enjoyed a solid surge higher up from the key $1200 level to a new six week […]

Gold turns bearish as fib holds strong for second day

Gold has rallied well since reaching lows of $1131.88 on 7 November but throughout this rally, there’s been a feeling that this was nothing more than a retracement in the longer term downtrend. The only question was how big a retracement it was going to be. The yellow metal has reached a key level in […]

Gold – Surges to Six Week High Near $1240

Gold for Wednesday, December 10, 2014 Gold has enjoyed a solid last 24 hours surging up from the key $1200 level to a new six week high just shy of a previous resistance level at $1240.  Gold has had a fascination with the $1200 level over the last few weeks which has seen it trade […]

Gold – Continues to Gravitate Around $1200

Gold for Tuesday, December 9, 2014 Gold has had a fascination with the $1200 level over the last few weeks which has seen it trade either side of this level.  In the last 24 hours it has again surged back above it to be presently just trading above.  Over the last week gold traded in […]

Week in FX – U.S and Canada Moving in Opposite Directions

U.S on course for jobs record Dollar goes “walkabout” ahead of holiday’s Canada takes the wrong route Loonie at a loss on jobs report Friday delivered a nonfarm payrolls (NFP) report that blew away the critics, conspiracy theorists, and jittery investors in one fell swoop. U.S. employers ramped up hiring in November, continuing a stretch […]

Gold – Drops Back Below Key $1200 Level Again

Gold for Monday, December 8, 2014 Gold has had a fascination with the $1200 level over the last few weeks which has seen it trade either side of this level.  Over the last week gold traded in a narrow range under $1220 before falling sharply back below to close out last week.  In the few […]

Gold – Continues to Remain Steady Above Key $1200 Level

Gold for Friday, December 5, 2014 After finally making its way back to the key $1200 level, gold has spent the last few days trading in a narrow range under $1220.  In the last couple of weeks prior, gold made repeated runs at the resistance level at $1200 failing every time, which then resulted in […]

How Low Can The EUR Go?

Swiss the ‘only’ lovers of the EUR More rhetoric from Draghi and company Aussie negotiates a new record low CBR rumored to be trigger happy Who cares? Just as long as you are not ‘long’ any it seems — except perhaps against the CHF. The Swiss National Bank (SNB) appears to be the only entity […]

Gold – Gravitates to $1200 Again

Gold for Wednesday, December 3, 2014 After making repeated runs at the resistance level at $1200 and failing every time, gold fell sharply away a few days ago before surging higher again in the last 48 hours to back above $1200 and reaching a new one month high above $1220 in the process.  Over the […]

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