Can A Struggling Dollar Support Gold?
We have seen gold markets posting some strong rallies this week, with single session gains on more than 1%. There are a few different explanations for why this is happening, and most of the news headlines have focused on the turmoil in Russia and the Ukraine. To be sure, there must be some connection here, given the fact that safe-haven buying should be expected with the rising potential for extreme military conflict…Continue
Added by Richard Cox on May 23, 2014 at 9:00am — No Comments
Precious metals markets had a very turbulent year in 2013, with both gold and silver having their first bearish annual interval since 2000. These apparent changes in trend have raised some critical questions for long term investors in these markets, and these are important questions to answer given the fact that precious metals assets are some of the most commonly traded instruments. Key examples here include the SPDR Gold Trust ETF (GLD) and theiShares Silver Trust ETF (SLV).…Continue
Added by Richard Cox on May 16, 2014 at 12:09am — No Comments
Despite the NFP announcement on Friday the GBP/USD has remained supported by the 8-day EMA. This market is still in an uptrend and so the most likely scenario next week is a resumption of the buying pressure and a retest of resistance at 1.6800. If the market closes above 1.6800 early next week this could open the flood gates to significantly higher prices in this market.…Continue
Price is currently sitting right above key support at 1.6600 and we will be watching out for a bullish price action false-break early next week. If price closes below 1.6600 early next week we could see a move back to 1.6300 - either scenario seems equally likely right…Continue
Added by Lewis Barber on February 23, 2014 at 10:28pm — No Comments
The GBP/USD dipped back further again today towards the 8-day EMA. There is quite a lot of confluence coming in below and the trend is definitely still up so we favor looking for long positions here. Traders can look out for price action buy signals on the daily / 4-hour timeframe tomorrow to rejoin the bullish momentum in this market. There is big news out of the UK tomorrow morning so we expect to see movement on this pair…Continue
Added by Lewis Barber on February 18, 2014 at 11:05pm — No Comments
The EUR/USD found support down below 1.3500 last week, on Friday the market moved almost exactly how we predicted in our market commentary on Friday and we now see potential for more upside into next week. We will be watching 1.3700 carefully next week for any bearish price action signals as this held as resistance in the past. …Continue
Added by Lewis Barber on February 9, 2014 at 11:00pm — No Comments
This pair formed a massive price action outside bar setup today as the NZD rocketed higher along with the Aussie dollar. From here we see potential for this market to retest key resistance up near 0.8400 and we will be looking to enter long around the 50% retracement level of this outside bar with our stop-loss placed below the low (for educational purposes only).…Continue
This pair finally started to drift lower from the false-break that we discussed in last week's market commentary on Thursday and Friday. From here we see potential for the market to retest key support down at 1.6300 and will be holding our short trade for 1:2 risk / reward.
Added by Lewis Barber on February 2, 2014 at 8:30pm — No Comments
The Crude Oil market dropped a bullish pin bar from key support today and we see very high potential for this market to push higher from here. We have posted our live trade in the member's forum so please check it out for details of our entry, stop-loss and take profit.…Continue
Added by Lewis Barber on January 29, 2014 at 10:39pm — No Comments
Gold and silver continued to slowly recover during last week following their tumble in December. The current low volatility in the bullion market might continue until the next FOMC meeting at the end of January will take place. This meeting might stir up the precious metals market again. In the meantime, several reports came out last week and showed the U.S economy is slowly recovering: …Continue
Added by Lior Cohen on January 20, 2014 at 9:17am — No Comments
"What history says about FX implications:
1. The USD has typically done well, with the notable exception of 1986.
2. The EUR performance in years when oil prices decline…Continue
Added by Daologic on January 14, 2014 at 1:36pm — No Comments
The Crude Oil market produced a bullish pin bar from key support today, there is absolutely no way we would trade this setup long given the recent bearish moment, it would simply be far too risky. We will wait for price to retrace back up to the daily EMAs where we will look for bearish price action sell signals to rejoin the recent bearish momentum in this market.…Continue
Added by Lewis Barber on January 9, 2014 at 10:56pm — No Comments
Weekly Commodities Report. Gold & WTIC (Crude Oil).
Over the last week both Gold & Crude Oil have been on the main focus in the markets as the Libyan oil field which had resumed production, Crude oil prices started to decline sharply on the NYMEX lowering down 1.30% on Friday. However, Strong support on Crude Oil lies around $93 USD per barrel, The Energy Information Administration also showed a decrease in inventory in…Continue
Added by Jay Khanna on January 7, 2014 at 9:16am — No Comments
Crude oil prices are likely to move higher in the near term with increasing demand from China in November, and with the signs of the US economy improving.
The prices are currently stable with the help of the bond buying program in the US. Cold weather is also likely to cripple production on Oil and Gas, leading to higher prices.
Technically, if you look at the charts below :-
click here to view…Continue
Added by Jay Khanna on December 9, 2013 at 1:49pm — No Comments
The prices of gold and silver tumbled down on the first day of the week. This may have been a strong correction to the sharp rise in bullion prices on Friday. Their recent drop coincided wit the moderate drop of the Euro against the USD. In the U.S, the manufacturing PMI rose again to 57.3 during November – a 0.9 percentage point compared…Continue
Added by Lior Cohen on December 3, 2013 at 12:39pm — No Comments
Earlier this year, when Usd/Cad was trading at the parity, I suggested, in one of my articles on my private blog, to buy this pair for 1.0350 goal. Eight days later my target was reached. Since then the loonie had up and downs with the highest peak reached in July at 1.0606 (on my chart). The fundamental reasons for…Continue
Added by Arenoosh on November 28, 2013 at 7:10pm — No Comments
Last week's oil stats were the catalyst for the continued sell off in the WTI June contract which saw the oil price fall to $90 per barrel, before bouncing back with strong volumes on Thursday and Friday to close above the $95 per barrel price point.
However, yesterday's price action on the daily chart has now…Continue
Despite a deep pull-back on oil the larger trend remains down as recovery appears to be only in three waves, which ideally represents a black wave 4 that is part of a larger downtrend. As such, traders should be aware of a bearish reversal in this week, possibly from around 92.50 where we can see a very typical 38.2% retracement level of wave 3. Break of 90.75 swing would be the first evidence for weakness in black wave 5.
Added by Gregor Horvat on March 11, 2013 at 10:00am — No Comments
USD index recovered very sharply last week but don't let the strong rally trick you. The fact is that current sharp leg up could easily be wave C) of a flat correction in wave (B) which is unfolding already since September 2012. In fact, price is approaching to some very interesting resistance zone around 81.70-82.00 (61.8% Fibo) where bulls could slow down. As such, larger trend for this market remains down, but only impulsive weakness from that resistance and back to 80.30 figure can…Continue
Added by Gregor Horvat on February 27, 2013 at 9:00am — No Comments