Pound Plunges to 30 Year Low as UK Votes Brexit Morning Report: 07.00 London• The UK has defied opinion polls and is projected to formally vote for to leave the European Union. In a re-run of the general election, pollsters appear to have underestimated the voting power of the older generation who were far more […]
Gold price broken to new highs after the results of the UK’s EU referendum. As I mentioned yesterday, the technical view on Gold was that a bounce should follow at least towards $1,280, and there were also many chances that the entire decline was over at the $1,250-60 area. Blue lines – bearish channel Gold […]
Overview The gold price shows slight negative trading gradually heading towards our awaited target at 1,243.17 as the price is affected by the previously completed triple top pattern. The mentioned level represents the full target of the negative pattern, which means that the chances to resume the main bullish trend again will be valid. Therefore, […]
Overview The silver price shows clear bullish attempts now moving away from the EMA 50, thus supporting our expectations for bullish trend continuation today. Its first target is at 18.00. Therefore, the bullish trend scenario will remain valid and active for the upcoming period. It might be preceded by some slight bearish bias affected by […]
Klondex Mines reported again good Q1-2016 results and is full on track to meet production guidance, Jochen Staiger, CEO, Swiss Resource Capital AG. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#187011 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish […]
Altona Mining and SRIG from China signed a 240 Mio. US$ deal to bring the Little Eva mine in production by 2019, 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/#187229 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: […]
Brazil Resources acquires advanced gold projects and bought in the last 3 years 5 resource projects in Brazil and Alaska, Jochen Staiger, CEO, 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/#187004 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 […]
Pound Wobbles on Polling Day Morning Report: 07.00 London• Well after months of (negative) campaigning on both sides, the UK’s EU referendum finally goes to the polling stations. Polls still have remain firmly in the lead, but this morning we’re seeing an early pound wobble, so markets are clearly recognising that the result is far […]
Strong UK Data Underlines Pound Stability Morning Report: 07.00 London• This morning, as Britain enters the final day of EU referendum campaigning, the pound is showing signs of stability. The GBP/USD is holding Monday’s gains, while the EUR/GBP holds at the lows. The move has been helped by yesterday’s better than expected public sector net borrowing […]
Overview The gold price tested the EMA50 that formed a good support base against the last negative attempts, while stochastic begins to provide a positive overlapping signal on the four-hour time frame. This gives the price a positive motive that we expected to reinforce the expectations for further gains on a short-term basis. Therefore, we […]
Negative interest rates are now normal in the world of sovereign debt with over 51% of all real interest rates are negative of the sovereign debt in the world, Jochen Staiger, CEO, 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/#186999 Смотрите Dukascopy TV […]
Since our previous analysis, gold has been trading downward. As I expected, the price tested the level of $1,272.31 in a high volume. The analysis from yesterday is still active and it is a good progress so far. I found a massive sell-off in a heavy volume, which is a sign that buying looks very […]
Technical outlook and chart setups: Silver is seen to be trading at $17.45 levels at this moment, drifting sideways. The metal should be looking to drop lower and break below $17.10 levels going forward. The wave structure indicates that Silver should be correcting lower in 3 waves towards at least $16.30/50 levels if not lower. […]
Technical outlook and chart setups: Gold continues to consolidatie within the triangle structure of dropping resistance and constant support for now. The metal is trading lower for the day at $1,283.50 levels at this moment, looking to test its support area at $1,275.00 levels again. The wave structure indicates that higher probability remains for a […]
Markets Stable as Vote Day Looms Morning Report: 06.30 London• This morning, financial markets are stable after yesterday’s surge in sentiment back towards the ‘remain’ vote in polling. The US dollar index is stable after heavy selling yesterday. • By contrast the yen pairs are on the […]
Gold price made a bearish reversal last week confirming a short-term top is in. Price reached the first important support area of $1,270-75 but I believe we should expect more downside in Gold price specially if we see a daily close below $1,270. Red horizontal line -support Price is still trading above the 4-hour Kumo […]
Endeavour Silver is in the mood to finance another 40 Mio. $ for their future growth. The production is generating positive cash flow and the company is working on their 4th mine Terronera and just bought into Oro Silver with the El Campo project which should become the 5th mine and production site then. Jochen […]
Pound Soars On Brexit Poll Hopes Morning Report: 06.30 London • This morning the British pound is rallying and undoing much of the losses incurred over the last two weeks. The move has been sparked by an apparent resurgence in ‘remain’ votes in this week’s EU referendum. The likes of the GBP/JPY, GBP/JPY and EUR/GBP […]
Risk Appetite Returns Morning Report: 06.30 London • Risk appetite returned yesterday across markets, but pressure still remains. US data was mixed, but manufacturing appears to be stabilising, helping the US dollar to reverse some of yesterday’s losses. • The Japanese yen saw a big […]
Since our previous analysis, gold has been moving upwards. The price tested the level of $1,313.29 in a high volume. The trend is bullish. According to the 30M time frame, I found a potential end of the bearish correction at the price of $1,301.90. Stochastic is at the oversold level (15) and there is a […]
Technical outlook and chart setups: Silver is seen to be trading at $17.70 levels, after printing highs at $17.85/90 levels today. The metal is expected to be looking lower from here and push below $15.80 levels at least, before turning higher again. The wave structure indicates that the metal rallied into 5 waves from $13.60 […]
Technical outlook and chart setups: Gold was pushed towards fresh highs today at $1,313.00 levels before pulling back. The metal is seen to be trading at $1,304.00/05.00 levels at this moment, looking to push lower. The wave structure reveals that the metal had completed 5-wave rally between $1,046.00 and $1,303.00 levels earlier. The drop from […]
Gold price exploded to new highs above $1,300 following the FOMC. The trend remains bullish as support levels were held yesterday. Despite the warning signals that oscillators were giving, the pullback we expected did not happen. Instead, prices moved strongly upwards. Blue lines – bullish channel Red lines – higher lows Gold price continues moving […]
Yen Surges as BoJ Holds Morning Report: 06.30 London • This morning, the Japanese yen is surging after opting to keep its policy rates and more importantly stimulus plans on hold. The move has been a shot in the arm for an already over-strong yen. The move has hit the yen pairs hard, with most […]
Volatility has hit the highest level in years as 4 Central Banks are set to deliver their key messages in 4 hours. Yesterday’s Fed rate decision to keep rates the same was not a surprise, neither were the pessimistic comments from FED chairwoman. However the BoJ did disappoint the market, and in combination with the […]
Overview Gold price settled above 1,280.00 level to build a good support base above this level. This fact reinforces the expectations of continuing the bullish trend in the upcoming sessions. The way is open to target the recently recorded top at 1,303.58 initially, and if this barrier is surpassed, the price will achieve more gains […]
Overview Silver price has been moving within sideways track for some days. Please note, that the stochastic shows bullish trend signals on the four hours’ time frame, supporting the chances of resuming the bullish bias in the upcoming period. Therefore, we keep the positive scenario valid and active for today, waiting for the price to […]
Since our previous analysis, gold has been moving upwards. As I had expected, the price tested the level of $1,289.65 in a high volume. The trend is upward but according to the 1H time frame, I found a broken upward trend line (demand trend line), which is a sign that sellers took control over buyers […]
Technical outlook and chart setups: Silver is seen to be trading at $17.38 levels at this moment, looking to break lower from here. The metal is also seen to be drifting in an ending diagonal as depicted here (a normal property of 5th wave within an A-B-C correction). If the above wave structure holds, the […]
Technical outlook and chart setups: Gold has slipped lower from yesterdays’ highs and is seen to be trading at $1,280.00 levels at this moment. The metal seems to have made a meaningful top at $1,290.00 levels and it should be looking to continue forming lower lows and lower highs. The wave structure still looks intact […]
