Oil Dribbles Below $40 Morning Report: 06.30 London • This morning, the dollar has regained some of its previous poise, though like the USD/JPY, remains largely range bound. • Oil prices remain under pressure as OPEC inaction combines with slowing demand in China. • Commodity currencies are performing relatively well though, the […]
Overview: Since our last analysis, gold has been trading sideways around the level of $1,072.00. In the daily time frame, I found inside bar formation with support at the level of $1,058.15 and resistance at the level of $1,088.50. Our daily SMA10 is flat. According to the H1 time frame, the price is testing strong […]
Overview The silver price returns to move near the EMA50. Stochastic gains positive momentum in the intraday time frames, reinforcing the expectations for resuming the bullish trend on an intraday basis, targeting a test of the 14.85 level. Therefore, we will keep our positive expectations in the upcoming sessions, reminding you that breaching the targeted […]
There was a broad USD selloff that was ignited by a short lived recovery in commodity prices. Oil surged initially after data revealed less than expected inventory buildup. As a result GOLD also rose to 1084. EURUSD broke higher than 1.0980 which was post ECB high, and reached as high as 1.1041. Also, ECB governing […]
A company insight and how to go into gold production soon? Edward Karr, Director, Pershing Gold Corp. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#169637 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish Schauen Sie Dukascopy TV in Ihrer […]
Gold fell only by 45% and stocks are down 85%. Does this makes sense? Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#170871 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish […]
Despite the EUR/USD rally, gold price has remained close to its recent yearly lows. Bulls were not able to break above $1,090 yesterday and this implies that the correction is not over yet. In overall, I expect gold to move towards the area of $1,120-40 over coming weeks. Blue lines – broken wedge pattern Green […]
Dollar Tumbles as ECB Takes Hard Line Morning Report: 06.30 London • The US Dollar experienced broad selling yesterday as the ECB issued a firm rebuttal to critics, stating that “the ECB cannot will not let itself be pushed by the markets”. Markets took this as a sign that that ECB may hold off on further […]
Technical outlook and chart setups: Silver retraced to Fibonacci 0.618 levels from its last week’s highs to the level of $14.17. Please note that the metal can still drop lower towards $14.00 (which is also the Fibonacci 0.786 support), before resuming its rally. Also watch out for the immediate resistance line turned support around $14.00. […]
Technical outlook and chart setups: Gold is trading around $1,072.00/73.00 now looking for an opportunity to drop lower to the levels of $1,060.00/62.00 before resuming its previous rally. Please note that Fibonacci 0.618 support of the rally between $1,045.00 and $1,090.00 also falls around the levels of $1,060.00. Furthermore, the immediate resistance line turned support. […]
Overview The silver price continues fluctuating near the previously breached minor bearish channel’s resistance level, keeping its stability above this level. It keeps the bullish trend scenario valid and active for today. It depends on the stability above the 13.96 level, while its main target is located at 14.85. Remember to monitor the price behavior […]
Overview: Since our last analysis, gold has been trading upwards. As I had expected, the price tested the level of $1,083.54 in a high volume. Considerable progress was made since my original bullish trading idea. In the daily time frame, our SMA 10 was broken and this is the first sign of a potential change […]
Precious Metal Production in 2017, Bill Howald, CEO, Rye Patch Gold Corp. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#169626 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish Schauen Sie Dukascopy TV in Ihrer Sprache: http://www.youtube.com/user/dukascopytvgerman Regardez la Dukascopy […]
Altona Mining signed Joint Venture with SRIG from China and financed the Little Eva Mine start. This will be the next copper-gold producer in Australia serving China with Copper, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#170760 Смотрите […]
Oil recovered slightly yesterday and is currently trading above $38 per barrel although the black gold remains under pressure. Soft trade numbers from China on Tuesday highlighted the struggle facing the worlds’s 2nd largest economy, only serving to confirm concerns over cooling demand. Asian stocks were trading slightly lower this Wednesday morning reflecting current sentiment […]
Gold price remains supported in the short-term as it holds above the broken resistance of the ichimoku cloud and above the 38% Fibonacci retracement of the latest rise from $1,046 to $1,089. Gold price is above the Ichimoku cloud in the 4-hour chart. This favors bulls. The price has retraced 38% of the latest rise […]
Technical outlook and chart setups: Silver is has been trading lower since it rallied last week and hit a high of $14.60. Please note that a counter-trend rally might have completed and bears can take control back, prices stay below the level of $14.60. Also note that the metal has remained just shy of Fibonacci […]
Technical outlook and chart setups: Gold has been trading below the recent highs made around $1,099.00 last week. The yellow metal has been trading around $1,077.00 levels for now and look still vulnerable to bears. Last week’s rally was long, but that doesn’t take the metal out of woods. A drop towards $1.030.00 and lower […]
Aussie Struggles as Commodities in Turmoil Morning Report: 06.30 London • Commodity currencies remain under pressure this morning as oil prices dipped below $40, while other commodities feel the pinch. The Australian Dollar has halted its recent bull run, while the Canadian Dollar continues to struggle. Better than expected Chinese CPI helped lift the gloom slightly. […]
Klondex Mines has a profitable gold production from their 2 mines in Nevada. Raised production guidance to approx. 135,000 gold equivalent ounces gold, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#170860 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian […]
Timmins Gold with great drill results from Ana Paula and TerraX extends their fantastic results from the Hebert-Brent Shear, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#170773 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy […]
Oil Hits 7 Year Low Morning Report: 06.30 London • This morning, commodities and commodity currencies continue to come under pressure as oil prices hit seven year lows overnight. In its latest meeting, OPEC failed to reach an agreement on how to combat the current oil glut, putting to bed thoughts that oil producers could come […]
The oil price continues to slide to 7 year lows as markets fully digest OPEC’s decision on Friday to essentially drop production quota by retaining production at current levels. Noteworthy loser is Brent oil which has shed 9% of its value since the ECB meeting on Thursday. As a result, commodity currencies (CAD, NOK and […]
Silver markets today and how to become the next senior producer, Bradford Cooke, CEO, Endeavour Silver Corp. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#169707 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish Schauen Sie Dukascopy TV in Ihrer […]
Pershing Gold is an emerging gold producer and shall be the next one going into production in Nevada soon, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#170867 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy […]
Fed Urged to Stay Course Morning Report: 06.30 London • This morning sees a continued push to reverse the impact of the ECB’s surprising reserve from last Thursday. The Euro is pulling back slightly again, while the Dollar index builds for the second straight day. • The Australian and New Zealand Dollars […]
Shares in China varied between gains and losses as full-service investment bank Citic Securities Co. led a fall for brokerages after it said it was not able to contact 2 executives, while gold producers advanced on the biggest increase for bullion prices since April. The Shanghai Composite Index fell 0.1% to 3,529.28 at 10:26 a.m. […]
Overview: Since our last analysis, gold has been trading upwards. The price tested the level of $1,065.25. In the daily time frame, our SMA 10 is on the test. In the 4H time frame, I found a change in polarity and strong support at the price of $1,065.00 has become strong resistance now. Besides, I […]
Overview Silver price bounced bullishly after an attempt to break out the level of 13.96 yesterday, to fluctuate around the EMA50 again, noticing that stochastic loses its positive momentum gradually to reach the overbought areas, which forms negative factor that we expect to push the price lower. Silver price keeps moving near the EMA 50, […]
Euro Extends Historic Rally Morning Report: 06.15 London • The Euro staged its second largest rally in history yesterday against the US Dollar, with extended gains again this morning. Markets were expecting more from Mario Draghi and were betting on the ECB president bringing out the big guns to combat eurozone deflation. Instead, he announced rate […]
