While the focus of investors on foreign exchange is the policy, the most interesting currency of the week will be the Japanese yen. BoJ’s strategy of targeting the yield curve made it more sensitive to the rates of the US debt market, with the increase in uncertainty leading to a decline in the USD/JPY quotes. […]
Overview Gold price keeps on trading higher, bouncing off 1,299.20 level. Traders are waiting until this level is breached to confirm the extension of gold gains to reach 1,321.50 on the near-term basis. In general, we will keep our positive expectations for today unless 1,281.17 level is broken and the price is holding below it. […]
Overview Silver price didn’t show any strong move in the recent days. Silver is trading stable near 17.00. Therefore, the bullish scenario will remain valid as it is without any change for today. The scenario depends on the stability above 16.56 level. Let me remind you that breaching 17.43 level is required for opening the […]
New Zealand new government’s policies will boost GDP, inflation and possibly the OCR. Increased government spending will certainly boost activity, but a decrease of private activity must also be considered. Meanwhile, the Government’s plans to cool the housing market and reduce net migration will weigh on the economy next year, so that the Reserve Bank […]
The last minutes of Friday’s trading were not favorable to South African Rand, who became the hostage of messages coming from two of the largest rating agencies. At the end of the week, Standard & Poor’s analysts decided to cut the South African debt rating to rubbish, which should be linked primarily to public finances. […]
GOLD BUYING grew on Monday morning as Asian stocks resumed their decline and the US Dollar dropped to a 2-month low ahead of tomorrow’s key US Congressional hearing on Donald Trump’s choice of Jerome Powell to replace Janet Yellen as head of the Federal Reserve, writes Steffen Grosshauser at BullionVault. With US consumers expected […]
On Monday, the US Dollar is slightly stronger against the main currencies except for JPY, although moves remain small compared to the downtrend before the weekend. Asian indices go back due to the falling market in China. Crude Oil is in pull-back, Gold remains in place. On Monday 27th of November, the event calendar is […]
Gold price is in a short-term bullish trend as price is above the 4-hour Ichimoku cloud and is making higher highs and higher lows. Price is steadily moving higher but on very slow pace. The form of the price rise has an overlapping price structure which suggests that this upward move is not impulsive. Blue […]
Well, everything except precious metals… IN A WORLD awash with money, what price the last Leonardo da Vinci in private hands? asks Adrian Ash at BullionVault. Am I bid half-a-billion dollars? Going once, twice…sold! Last week saw Christie’s in New York sell a painting known as Salvator Mundi for over $450 million […]
GOLD BULLION slipped against a falling US Dollar on Friday, heading for a 0.3% weekly drop as the US Thanksgiving holidays left world stockmarkets to edge higher and diplomatic tensions worsened further between Turkey and Washington. With the Dollar dropping again on the FX market, gold trading in London – center of the global […]
Gold price remains inside the sideways channel just below important resistance levels. I continue to expect Gold to move lower towards $1,250 before resuming the longer-term upward move. Blue lines – trading range The Gold price is above the Ichimoku cloud in the 4 hour chart. This is a bullish sign. Support is at $1,285 […]
GOLD BULLION regained the last of this week’s prior 1.3% loss against a weakening US Dollar in London trade Thursday, as other markets whipped amid uncertainty on the path of US interest rates following yesterday’s release of notes from the Federal Reserve’s latest policy meeting. Holding rates unchanged on 1 November, but signalling a […]
After Wednesday’s poorly received FOMC dovish statement, the financial market today fell asleep in the wake of the holiday in Japan and later in the US. USD / JPY closed the session in the US at 111.20 and since then has not deviated. In a similar style, EUR / USD sits at 1.1827. On the […]
Gold price reached the upper channel boundary once again and it shows reversal signs. Price is trapped inside a trading range. Gold is expected to move towards $1,250 and that is why I remain short-term bearish. Blue lines – trading range Gold price is trading above both the tenkan- and kijun-sen indicators. Support is at […]
For most of the past month, gold has been trading in a narrow range of $1270-1290 per ounce after falling 5% from its September highs on fears of aggressive monetary tightening by the Fed. As its reason is the distribution of the US economy under the influence of tax reform. Despite its lack of success […]
Overview Gold price is still fluctuating around 1,281.17, settling inside the minor bullish channel. This keeps the chances valid to continue the bullish trend on the intraday- and short-term basis. We are waiting to confirm breaching the mentioned level to push the price towards 1,299.20 initially. Stochastic shows weakness of the bullish momentum that might […]
Overview Silver is again trading in a tight range. The metal aims to move around 17.00 level again. Please note that settling above 16.56 represents the most important condition to continue the recently suggested bullish scenario. We are waiting until the metal gains strong momentum that supports the chances of breaching 17.43 level. This will […]
GOLD PRICES recovered two-thirds of this week’s earlier 1.3% drop against the Dollar on Wednesday, trading up to $1286 per ounce as Asian demand edged premiums in China and India higher, and world stock markets rose yet again. Government bond prices sat tight, keeping 10-year US Treasury yields unchanged at 2.36%, in the middle […]
The market remained calm at night, and limited activity on the day before the US holiday deepened the decline in volatility. USD loses slightly with the strongest movement against JPY. New records on Wall Street were an encouragement to the stock market in Asia. Crude oil rises after data on inventory fall. On Wednesday 22nd […]
NZD/USD is expected to trade with a bullish outlook. The pair posted a rebound and broke above its 20-period and 50-period moving averages. In addition, the golden cross between 20-period and 50-period moving averages has been identified. The relative strength index calls for a bounce. Therefore, above 0.6810, look for a further advance with targets […]
Gold price continues to trade within the trading range of $1,270-$1,297. Gold remains above short-term cloud support, however the entire rise so far does not look impulsive. The best case for bulls is a move to $1,300-$1,310 before a decline to $1,210-$1,250. Blue lines – trading range Gold price is trading above the 4-hour Kumo […]
Overview Gold price begins the attempts to surpass 1,281.17 level now, encouraged by stochastic’s positivity that is displayed on the four-hour time frame. Please note that breaching the mentioned level will push the price towards 1,299.20 directly. In general, the bullish trend will remain active for today on condition of holding above 1,272.00. Breaching the […]
GOLD BULLION held onto yesterday’s 1.1% plunge in Asian and London trade Tuesday, moving sideways as world stock markets rose with government bond prices despite the threat of fresh elections in Germany and the rapid escalation of political tensions between Nato military alliance members Turkey and the United States. With commodities holding firm overall, […]
Overnight the financial markets have gone quiet if not boring. Weakest, albeit on a limited scale, were AUD and NZD, mostly due to dovish sounding RBA minutes release. EUR/USD is hovering around 1.1740, USD/JPY around 112.55 and GBP/USD – 1.3250. The stock market is trading at a rebound after yesterday’s dismal session. Gold grows, oil […]
Gold price as expected got rejected at the upper trading range boundary and fell back towards cloud support. Short-term support at $1,277 was broken but not the important $1,272 one. Trend remains neutral. Gold price could continue lower towards $1,272 and as long as it closes above it, we could see $1,300. Blue lines – […]
It looks like this week’s most important event is Thursday’s Thanksgiving Day in the US, which has implications for the global market. The week will be shorter, so traders and investors in the US will leave for home early. This situation would mean a lack of incentives to play long-term subjects, and even short-term speculation […]
GOLD BULLION slipped together with silver and platinum ahead of the US open on Monday, down 0.5% from last week’s 1-month high just below $1300 per ounce as world stock markets fell following the weekend’s collapse of coalition government talks in Germany. With pundits calling it Germany’s “worst political crisis in decades”, current Chancellor […]
Overview Gold price succeeded to reach our first expected target at 1,299.20, showing that a slight bearish bias is now affected by stochastic negativity. The metal is waiting to gain enough positive momentum to push the price to breach the mentioned level and open the way towards 1,321.50 that represents our next main target. In […]
Overview Silver price succeeded to reach our first target at 17.43, reinforcing the expectations of a further bullish trend on the intraday- and short-term basis. We are waiting until this level is breached to confirm that the bullish wave is extended towards 18.30. Please be aware that the EMA50 provides the positive support to the […]
Trading plan for 20/11/2017: The new week starts with the euro depreciation in response to overnight reports from Germany about the break of coalition talks.The press service has concluded that the impasse in the talks could lead to accelerated choices. EUR/USD lost at the start of 50 pips and dropped to 1.1730. On the other […]
