ECB Fires Up The Big Guns Morning Report: 06.30 London • This morning, the Euro is steady after huge losses on the back of ECB president Mario Draghi opened stated that all options are open to help the Eurzone recover. An extension of the Quantitative Easing program was expected, but a potential cut in the deposit […]
Canada Shifts to the Left Morning Report: 06.30 London • This morning, markets are generally quiet, but the Canadian dollar is under pressure with left wing Justin Trudeau set to become the country’s new PM. Canadians have reacted both against the economic problems created by low oil prices and the overreliance on oil for the economy. […]
Pound Continues Steady Rise Morning Report: 06.30 London • This morning, markets are continuing their pre-Fed quiet after last night’s FOMC speeches passed without much impact. The dollar remains steady, holding ground after consistent losses over the last few months. The balance between holding on rates and pushing through with a rate hike appears to be finely poised. […]
Gold prolonged gains to a second day Wednesday as a milder US dollar bolstered its appeal as a hedge and traders looking for stronger clues on the Federal Reserve’s timing of raising interest rates. Spot gold climbed to $1,177.20 an ounce, up 0.1%. The yellow metal, which added 0.5% in the last session, is halting […]
Technical outlook and chart setups: Gold is seen to be trading around the $1,173.00 levels for now and looking to correct further before resuming rally. The metal has stalled at the Fibonacci 0.618 resistance level of the earlier drop from the $1,230.00 levels through $1,080.00. Furthermore, the rally from the $1,080.00 levels remains corrective in […]
Technical outlook and chart setups: Silver seems to be testing a sloping resistance line around sub-levels of $16.00. Furthermore, its rally from $14.00 is still corrective and needs to break above the levels of $16.50 and $17.50 to confirm bullish reversal. It is now recommended to exit all long positions and remain flat waiting for […]
Overview The silver price broke the 15.85 level and settled below it, which might push the price to test the critical support base at 15.40 before it return to resume the bullish trend, as we mentioned in our last reports. The price needs to settle above this level for the continuation of the bullish correctional […]
Overview: Since our last analysis, gold has been trading upwards. The price tested the level of $1,174.00 in a high volume. The short-mid term trend is still upward. In the daily time frame, we can observe a supply bar in a volume below the average. In the H1 time frame, we can observe a support-cluster […]
Canada Shifts to the Left Morning Report: 06.30 London • This morning, markets are generally quiet, but the Canadian dollar is under pressure with left wing Justin Trudeau set to become the country’s new PM. Canadians have reacted both against the economic problems created by low oil prices and the overreliance on oil for the economy. […]
Gold price holds above the short-term support at $1,170. This is the time to take profits as gold price has reached a top and is expected to hit a marginal new high soon and reverse back to $1,120-$1,100. Red lines – bullish channel Green line – resistance Gold price remains above the Ichimoku cloud. The […]
Technical outlook and chart setups: Silver has reached a higher low around the level of $15.80 and is looking for an opportunity to move higher towards at least $16.40/50. Please note that the metal is bouncing off the wedge support around $15.80 indicating a bullish bounce from current levels. The metal might have already reversed […]
Technical outlook and chart setups: Gold is looking for a higher low around the $1,170.00 levels for now, before looking to push higher through the $1,200.00/30.00 levels. The metal might have turned bullish already and is looking to print higher highs and higher lows from here on. Bulls are expected to remain in complete control […]
Oil went down to 38$ and has since then recoverd to nearly 50 $ per Barrel. Bottom and restart or only nice intermezzo on the way further down, 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/#167401 Смотрите Dukascopy […]
Overview: Since our last analysis, gold has been trading downwards. The price tested the level of $1,170.59 in a high volume. The short-mid term trend is still upward. In the daily time frame, we can observe a supply bar in a volume below the average. In the H1 time frame, we can observe a support-cluster […]
China GDP Gives Markets Early Lift Morning Report: 06.30 London • This morning, markets have a positive bias after Chinese GDP figures came in slightly above expectations. These figures were still the slowest quarterly rate since 2009, but the emerging service sector is helping to offset slowing industrials. The dollar index has a slight negative bias […]
Gold price reversed from my target area towards $1,170 as expected. As I had mentioned last wee, gold price reached the area where I preferred to take profits without opening new long positions. Gold price was expected to pull back and has now reached channel support. Red lines – bullish channel Gold price is testing […]
Goldman Sachs Group Inc.’s Gonzalo De Palacio Rodriguez has been hired by Mediobanca SpA to advise financial companies in Spain, Portugal, and Latin America. De Palacio is based in Madrid and will report to Francesco Canzonieri, an internal memo said. Chief Executive Officer Alberto Nagel is expanding abroad to boost Mediobanca’s securities business and sharpen […]
Overview SSilver price fluctuates near the critical resistance level at 15.85, waiting for a breach to ease resuming the bullish trend, which got continuous support from the EMA 50, reminding you that our next target is seen at 16.30 and then at 16.85. In general, the positive scenario will remain valid and active unless the […]
Overview: Since our last analysis, gold has been trading downwards. The price tested the level of $1,175.21 in a high volume. An intraday trend is still upward. In the daily time frame, we can observe an indecision bar in a high volume. In the H1 time frame, we can observe a volume spike (selling climax) […]
Technical outlook and chart setups: Silver is again seen to be bouncing off the wedge line support along with its 50-day moving average and is back above the $16.00 levels for now. The metal is expected to remain in control of bulls until prices stay above the $15.80 levels. It is hence recommended to initiate […]
Technical outlook and chart setups: Gold has pulled back from $1,190.00, but is likely to draw further strength for a rally towards $1,200.00/30. As seen here, the immediate support line is where the metal is bouncing back again. It is expected to hit higher highs and higher lows in coming sessions. It is recommended to […]
Overview According to the attached H4 chart, a tight range dominates in the silver price trading since yesterday, thus it continues fluctuating around the 16.00 level. As long as the price is above the 15.40 level, the bullish trend is still suggested on an intraday and short-term basis, supported by the EMA50. Our main long-awaited […]
Martin Walter explains the Goliath Gold project becoming the next gold production in Canada, Martin Walter, President & CEO, Treasury Metals. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#166595 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 […]
ECB Accommodation Softens Euro Morning Report: 09.00 London • This morning, the Euro is stable after heaving selling yesterday as markets react to the ever accommodative stance from the ECB. • The US Dollar has endured a positive couple of sessions after a mixed set of readings yesterday which included […]
Gold price has reached my target area at $1,195 plus or minus 10$. Gold price has reversed and is most probably going to test the short-term support at $1,170. This is not the time to buy gold. The upside is limited, while the downside is open to $1,120. Green line – support Red lines – […]
Goldman Sachs Group Inc. has sustained the largest bruise on weak earnings report, reminding investors of their dependence on its purchasing and selling stocks, bonds, and commodities similar to oil, as well as trading businesses on hedge funds and money managers. The investment banking company posted a 36% decline in its third quarter profit, while […]
Goldman Sachs Chief Financial Officer Harvey Schwartz said the bank has less than $200 million in credit exposure to commodity-trading firms, which see the bank more as a rival. Schwartz said they tend to position themselves more as competitors than clients. Trading firms such as Glencore Plc face market scrutiny amid a sustained rout in […]
Technical outlook and chart setups: Silver seem to be looking for an opportunity to hit its high around the levels of $16.30/37 before producing a meaningful retracement lower. As seen here, the RSI on the H4 chart shows divergence indicating a potential change in a direction. A drop below the level of $15.90 (wedge support) […]
Technical outlook and chart setups: Gold made yet another high at the $1,189.00 levels yesterday before pulling back lower. Please note that the metal almost hit an expected target at $1,190.00 and hence it could retrace any moment. The yellow metal has turned buy into dips for now until prices stay above $1,100.00. It is […]
Overview: Since our last analysis, gold has been trading upwards. As we expected, the price tested the level of $1,189.62 in a high volume. An intraday trend is upward. In the daily time frame, our strong trading range $1,170.00 (resistance) to $1,098.50 (support) got finally broken. In the H1 time frame, we can observe weak […]
