If that headline sounds like something you might hear from a used car salesman you’re not far from wrong. The company we’re talking about has been bruised and battered like a tired old car in a dealer’s lot. Yet unlike the typical used car, this one might be worth a test drive as it has […]
Overview From the today’s H4 chart we see that the metal is still trading between the support level of 16.75 and below the resistance level of 17.00. Silver has failed to break the resistance level yesterday and bounced from it. It took a slightly downward move and currently it is retesting the support level of […]
Overview : Since our last analysis gold has been trading sideways around the price of 1,235.00. We are facing low volatility on the market. According to the H4 time frame, we can observe weak supply around the price of 1,232.00. According to the daily time frame, we have supply in a volume below the average. […]
February 11, 2015 – Commodities News Gold Gold slightly decreased as concerns about a “Grexit” faded off. However, as no agreement has been signed we could an increase in risk appetite. During the Asian session, the price rose towards $1,240/ounce. Today, the main event will be the EU meeting. In addition, investors should watch the […]
Gold rose on Wednesday as the market focus on Greece’s future and the timing of the Federal Reserve rate hike. Gold for immediate delivery rose 0.4% to $1,238.84 an ounce […] The post Gold Climbs Before Eurogroup Meeting appeared first on | HY Markets Official blog. Related Posts:EUR/USD. April 12th. ECB meeting: confidence in rate […]
Technical outlook and chart setups: Silver remains unchanged from yesterday and is seen to be trading around the levels of $17.05/10 for now. The metal is poised to resume its uptrend after having bounced off $16.50 earlier. Therefore, it is recommended to remain long and also look to add further at the current levels. A […]
Technical outlook and chart setups: Gold looks to resume rally after bouncing off from the levels of $1,230.00 yesterday. The metal could still drop towards the levels of $1,221.00 before rallying again. Please note that the Fibonacci 0.618 support is also falling at $1,221.00 and it remains a good buy if prices manage to reach […]
Gold price continues to move sideways below the resistance at $1,245 and above the support at $1,228. I believe that soon this sideways move will end and prices will fall further towards the 61.8% retracement at $1,220 or even towards $1,200. Green lines = bearish flag Black line = resistance Gold is moving sideways between […]
Pound Leads After GDP Boost Morning Report: 8.30 London • This morning, financial markets still maintain a positive bias despite a pause around the highs this morning. The dollar index is maintaining a similar path and is within a day’s session of hitting multi year highs. […]
The yellow metal again ended lower at the previous session amid the strong US dollar. Today, the focus has shifted to the Eurogroup meeting. In the recent days, the yellow metal lost its momentum following the strong US economic data and weaker Chinese data. The same repeated again at the previous session. The stronger US […]
The yellow metal again ended lower at the previous session amid the strong US dollar. Today, the focus has shifted to the Euro group meeting. In the recent days, the precious metal lost its momentum following the strong US economic data and weaker Chinese data. The same repeated again at the previous session. The stronger […]
The EUR/USD enjoyed slight gains on Monday, Feb. 9, appreciating even at a time when Greece’s government is taking a confrontational approach with the rest of the eurozone. EUR/USD rises […] The post EUR/USD Finishes Higher in Spite of Greek Turmoil appeared first on | HY Markets Official blog. Related Posts:Market Comment – Dollar and […]
February 10, 2015 – Commodities News Gold Gold slightly climbed and settled just below $1,250/ounce as it corrected from Friday’s drop when the price fell from $1,265/ounce to $1,230/ounce. The movement was partially supported by fears over the Greek bailout and Obama’s statement towards Ukraine. Gold, as a safe-haven asset, could climb very soon if […]
Kiwi Out Performing Morning Report: 8.30 London • Range bound trading persists across financial markets. Both the S&P 500 and dollar index remain within trading ranges with both still within touching distance of the highs. […]
February 9, 2015 – Commodities News Gold On Friday, Gold dropped to a 3 week low of $1,230/ounce. The U.S. Non-farm payrolls came out unexpectedly high and showed 257K newly employed people instead of the estimated 236K. In addition, Average Hourly Earnings increased by 0.5% instead of the expected 0.3%. The strong data supported speculation […]
Euro Steady Despite Greek Downgrade Morning Report: 8.30 London • This morning, financial markets are relatively steady with various cross currents making it hard for traders to catch a strong trend. The euro is holding relatively steady despite the downgrade of Greek debt over the weekend – The move was largely telegraphed and as such […]
GOLD: With a second week of downside pressure occurring the past week, further downside pressure is likely. Except it returns above the 1,285/1,300 levels, downside threat remains. On the downside, support comes in at the 1,200.00 level where a break will aim at the 1,180.00 level. Below here if seen could trigger further downside towards […]
Overview : Since our last analysis gold has been trading sideways around the price of 1,264.00. We are still waiting for larger activity on the market. We are facing low volatility today on the market. According to the H4 time frame, we got very high effort from sellers with very weak result in the background, […]
Markets Eye Payroll Dip Morning Report: 8.30 London • This morning, markets are treading water as traders wait for the release of today US Non Farm Payrolls. As slight dip is expected, but as ever deviations from this will be the deciding factor not the absolute number. • The dollar index is unchanged after closing below […]
February 6, 2015 – Commodities News Gold Yesterday, Gold decreased back to its support level at $1,255/ounce. The price then bounced off this level due to increasing speculation that the U.S. Non-farm Payrolls data will be disappointing. The data will be released at 1.30PM (GMT). If payrolls are above 200K it will be the 5th […]
Overview As it is seen on today’s H4 chart, the metal is stabilizing above the support level of 17.00 after its failure to break the support level yesterday. So, it has bounced again. Currently, we should wait for retesting the support level again and closing below it to get the bearish move opportunity. In that […]
Gold price continues to trade inside a triangle pattern above the important support at $1,250 and below the short-term resistance at $1,275. The trend is neutral and traders had better wait. Black lines = triangle pattern Gold is trading inside the range. Gold bulls need to hold above $1,250 and break $1,280. Bears are looking […]
Overview : Since our last analysis gold has been trading sideways around the price of 1,261.00. We are facing low volatility today on the market. I am waiting for larger activity on the market. According to the H4 time frame, we got very high effort from sellers with very weak result in the background, which […]
Dollar Softens On Weak ADP Data Morning Report: 8.30 London • This morning the US dollar is slightly softer, but still holding the 14 day moving average. Last night, the US ADP payrolls came in slightly below expectations at 213k, thus easing expectations for Friday’s big NFP data. […]
February 5, 2015 – Commodities News Gold On Wednesday, Gold slightly recovered from Tuesday’s decline and returned above $1,270/ounce. The price of the yellow metal reacted to tumbling oil prices as WTI fell from $52/barrel to $48/barrel. Traders should be cautious when opening any long-term trades as the Non-farm payrolls report will be released tomorrow […]
Gold price continues to move sideways above the important short-term support of $1,250 and below the resistance at $1,280. Trend is neutral and traders should be patient in order to wait for a clear signal before they trade. Black line = resistance Green line = resistance Gold price is below the Ichimoku cloud. This is […]
The metal took support from $1,255.00 and managed to close above 20Dsma. Today, at the early Asian session, the metal is trading in an upwards bias. The prices have been making lower highs formation. It has been moving in a symmetric triangle. The height of the triangle is $55.00. The 61.8 fib level $1,286 is […]
Oil prices rose to a one-month high on Tuesday, Feb. 3, climbing for the fourth consecutive trading session. 4-day climb Benchmark crude contracts trading on the New York Mercantile Exchange […] The post Oil Surges to 1-Month High appeared first on | HY Markets Official blog. Related Posts:Technical Analysis – NZDUSD bounces off 5-month low […]
CRUDE OIL: Having turned lower on Wednesday following its Tuesday price failure, further downside is likely. On the upside, resistance resides at the 52.00 level where a break will expose the 53.00 level followed by the 54.00 level where a break will aim at the 55.00 level and then the 56.00 level. Conversely, support lies […]
Overview : Since our last analysis gold has been trading downwards. The price has tested the level of 1,255.32 in a volume below the average. According to the H4 time frame, we got very high effort from sellers with very weak result, which is a sign that selling around the price of 1,255.00 looks risky. […]
