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Top Trade Idea For January 30th, 2015 – Gold

Buy gold if it rejects retracement level Yesterday wasn’t a pretty trading session for gold bugs but the latest pull back may have created an opportunity for potential buyers. At this stage gold has come to rest at the 38.2% Fibonacci retracement level. Two things add to the potential significance of this level as a […]

Gold Lower as Fed Talks Positive About US Economy

Gold prices continue to weaken on Thursday, following the Federal Reserve policy statement. In the European session, the metal is trading at a spot price of $1269.87. Gold has dipped 1.7% since early on Wednesday and is trading at a two-week low. On the release front, today’s key events include Unemployment Claims and Pending Home […]

Gold – Continues to Consolidate in Narrow Range Above $1280

Gold for Thursday, January 29, 2015 Gold has enjoyed a very solid last few weeks as it has surged to a five month high near $1308, before easing back a little in the last several days remaining above $1280 in the process. To start last week it had just eased back a little and steadied […]

Dollar Suffers First Two-Day Drop In 7 Weeks Before Fed

Talking Points: Dollar Suffers First Two-Day Drop In 7 Weeks Before Fed Euro Traders Should Be Cautious as Currency Extends Rebound After Greek Election British Pound Climbs after UK GDP Posts Strongest Growth Pace Since 2007 Dollar Suffers First Two-Day Drop In 7 Weeks Before Fed The Dow Jones FXCM Dollar Index (ticker = USDollar) […]

Gold – Consolidates in Narrow Range Below $1300

Gold for Wednesday, January 28, 2015 Gold has enjoyed a very solid last few weeks as it has surged to a five month high near $1308, before easing back a little in the last several days. To start last week it had just eased back a little and steadied below the $1280 level after surging […]

Gold – Eases Back From $1300

Gold for Tuesday, January 27, 2015 Gold has enjoyed a very solid last few weeks as it has surged to a five month high near $1308, before easing back a little in the last few days. To start last week it had just eased back a little and steadied below the $1280 level after surging […]

Gold Prices Slide on Greek Vote

Gold has posted losses on Monday, as the metal trades at a spot price of $1285.80 per ounce in the European session. Gold has lost ground following the election win in Greece by a far-left party. There are no US releases on Monday. Greeks went to the polls on Sunday, and the far-left Syriza party […]

Dollar Charges Higher as Policy Contrast Draws Focus to Fed

Talking Points: Dollar Charges Higher as Policy Contrast Draws Focus to Fed Euro Suffers Biggest Drop in Three Years on Massive ECB QE British Pound: Will 4Q GDP Forecasts Revive BoE Rate Forecasts? Dollar Charges Higher as Policy Contrast Draws Focus to Fed While this past session’s top event risk – the ECB’s stimulus announcement […]

Gold – Remains Steady Above $1300

Gold for Friday, January 23, 2015 Gold has enjoyed a very solid last few weeks which has continued in the last few days as it has surged to a five month high near $1308, before easing back a little in the last half day. To start this week it has just eased back a little […]

Gold – Steadies Just Below Five Month High Near $1300

Gold for Wednesday, January 22, 2015 Gold has enjoyed a very solid last few weeks which has continued in the last couple of days as it has surged to a five month high above $1300, before easing back a little in the last half day. To start this week it has just eased back a […]

Gold – Surges to Five Month High Just Shy of $1300

Gold for Wednesday, January 21, 2015 Gold has enjoyed a very solid last few weeks which has continued in the last 24 hours it has surged to a five month high just shy of $1300. To start this week it has just eased back a little and steadied below the $1280 level after surging to […]

Gold – Steadies Just Below $1280

Gold for Tuesday, January 20, 2015 Gold has enjoyed a solid last three weeks which culminated in the strong surge higher to a four month high above $1280 to close out last week. To start this week it has just eased back a little and steadied below the $1280 level. In the last three weeks […]

Gold – Settles at Four Month High Around $1280

Gold for Monday, January 19, 2015 Gold has enjoyed a solid last three weeks which culminated in the strong surge higher to a four month high above $1280 to close out last week. In this time it was able to rally strongly from around $1170 back through the key $1200 level and to a 12 […]

Gold – Surges to Four Month High Around $1267

Gold for Friday, January 16, 2015 Gold has enjoyed the last couple of weeks rallying strongly from around $1170 back through the key $1200 level and to a 12 week high just above the $1240 level over the last few days. However in the last 24 hours it has surged higher to break through the […]

Gold – After Another Run at $1240, Consolidates Around $1230

Gold for Thursday, January 15, 2015 Gold has enjoyed the last couple of weeks rallying strongly from around $1170 back through the key $1200 level and to a 12 week high just above the $1240 level over the last few days. It has made another couple of runs at the resistance level at $1244 which […]

Euro and EZ Capital Market Investors Watch Important ECB Court Ruling

Talking Points: Dollar Weighs Growth Forecast Upgrade, FOMC Fodder and Active Counterparts Euro and EZ Capital Market Investors Watch Important ECB Court Ruling Pound Mixed After Headline CPI Hits 15-Year Low Dollar Weighs Growth Forecast Upgrade, FOMC Fodder and Active Counterparts The Dollar struggled for both direction and conviction this past session, but the fundamental […]

Gold – Resistance at $1240 Stand Tall Again

Gold for Wednesday, January 14, 2015 Gold has enjoyed the last couple of weeks rallying strongly from around $1170 back through the key $1200 level and to a 12 week high just above the $1240 level. The $1240 level remains key as it has provided plenty of resistance over the last few months and it […]

Gold Drops Awaiting Fed FOMC Minutes

Gold and silver futures fell for the first time in four sessions as speculation mounted that the Federal Reserve is moving closer to boosting U.S. interest rates for the first time since 2006. Holdings in the SPDR Gold Trust, the world’s largest exchange-traded fund backed by the metal, dropped yesterday to the lowest since September […]

Dollar Torn Between 19-Month Low Treasury Yields and S&P 500 Tumble

Talking Points: Dollar Torn Between 19-Month Low Treasury Yields and S&P 500 Tumble Euro Can’t Catch a Break as Docket Holds CPI, Jobs, Greece Auction Yen Crosses Suffer Biggest Drop in Over Four Years Dollar Torn Between 19-Month Low Treasury Yields and S&P 500 Tumble The scent of fear hangs heavy in the air. While […]

Gold Improves to 3-Week Highs

Gold has posted gains on Tuesday, continuing the upward movement which started the week. The metal is trading at a spot price of $1213.20 per ounce in the European session. In the US, today’s highlight is the ISM Non-Manufacturing PMI, with the markets expecting a weaker reading for December. The estimate stands at 58.2 points. […]

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