December 18, 2014 – Commodities News Gold Yesterday, Gold traded with lower volatility. The price slightly decreased from $1,202/ounce to $1,185/ounce following the FOMC statement in which the Fed upgraded the economic outlook. However, recent financial instability has increased demand for gold and this helped pull the price back up towards $1,200/ounce. Today, pay attention […]
Dovish Fed Turns On Christmas Lights Morning Report: 9.00 London • Last night a Dovish Federal reserved helped spark something closer to a Santa Claus rally, with the S&P 500 rallying around 2% to the close. This morning there’s further good cheers as European markets join the party. […]
Technical outlook and chart setups: Silver has remained steady after bouncing off the $15.50/60 levels as seen here. The metal is expected to continue rallying further towards $17.50 levels at least. It is recommended to continue holding long positions for now, risk remains below $14.50 levels. As discussed earlier, the metal may be forming a […]
Technical outlook and chart setups: Gold dropped into the sub $1,280.00 levels yesterday before bouncing back again. The metal has produced a morning star bullish candlestick chart pattern as seen here on the 4H chart. It is recommended to initiate long positions at current market at $1,198.00/99.00 with risk just below $1,180.00 for now. The […]
Gold held near its lowest value in two weeks after policy makers of the Federal Reserve decided to drop its earlier pledge to keep interest rates low for an extended period of time, indicating that it is nearing its first rate hike since 2006. Spot gold traded at a price per ounce of $1,198.78 mid […]
Gold Futures climbed on Wednesday before the Federal Reserve concludes its two-day policy meeting as analysts predicts the Federal Reserve will increase interest rates sometime next year. Gold for February […] The post Gold Futures Climbs Before Fed Conclusion appeared first on | HY Markets Official blog. Related Posts:Trading Signals for GOLD (XAU/USD) for April […]
Overview : Since our last analysis, gold has been trading downward. The price tested and rejected from the level of 1,187.96. Our corrective Fibonacci expansion 161.8% at the price of 1.195.00 has been held successfully, which caused price to start with an upward movement. I placed Fibonacci retracement to find potential support levels and got […]
December 17, 2014 – Commodities News Gold Yesterday, Gold traded with high volatility and climbed to $1,225/ounce. Demand for safe haven assets was spurred by nervousness on the Russian market as the Ruble declined more than 15% against the U.S. Dollar over a few hours. However, once a price correction began for the USD/RUB, the […]
Yesterday gold price was very volatile and made an erratic move by breaking above $1,220 for a brief moment and then back to new short-term lows below $1,193. This is an indication that we should remain neutral as long as price is inside this consolidation area. Blue line = resistance Red line = support Gold […]
All Eyes On Fed As Russia Stands On The Brink Morning Report: 9.00 London • This morning, the Russian Ruble is at least stable for now after the recent failed attempt to stop the currency crashing. Lower prices may indeed be on the way, but traders appear to be pausing for breath. • This mood appears to […]
Technical outlook and chart setups: Gold is trading at sub $1,200.00 levels after making highs at $1,222.00/23.00 yesterday. The yellow metal remained just shy of the $1,270.00/80.00 mark, which is defined as the best buy for now. Immediate support is seen at $1,170.00, followed by $1,142.00, $1,130.00 and lower while resistance is seen at $1,255.00 […]
Technical outlook and chart setups: Silver drops to the expected levels of $15.50/60 now, as discussed earlier. The metal should be bought at market price, $15.80/85 with risk below $14.50 levels. Immediate support is seen at $14,50 and lower while resistance is seen at $17.40/50, followed by $17.80/18.00 and higher respectively. The metal might have […]
Gold held its rally just as the Federal Reserve was concluding its two day meeting for policy makers to discuss the scheduling of its first interest rate hikes with investors assessing the possibility of Russia selling bullion. Spot gold traded slightly up at a price per ounce of $1,198.77 mid morning Singapore time from yesterday’s […]
Gold held its rally just as the Federal Reserve was concluding its two day meeting for policy makers to discuss the scheduling of its first interest rate hikes with investors assessing the possibility of Russia selling bullion. Spot gold traded slightly up at a price per ounce of $1,198.77 mid morning Singapore time from yesterday’s […]
Overview : Since our last analysis, gold has been trading downward. The price tested and rejected from the level of 1,190.49. Our corrective Fibonacci expansion 161.8% at the price of 1.195.00 has been held successfully, which caused price to start with aupward movement. I placed Fibonacci retracement to find potential support levels and got Fibonacci […]
Yen In Control Morning Report: 9.00 London • This morning, the Japanese yen is in control, as the USD/JPY drops for the fifth time in seven sessions. The pair appears to have topped around the 121.50 region, with the move continuing following the re-election of Shinzo Abe. The USD/JPY is off by 0.47% this morning, with […]
Gold price has broken the short-term support, as expected, and pushed below $1,200 towards $1,190-80 support area. As long as gold price is below $1,220 and above $1,180 trend will be neutral. These two levels are very important price levels that once broken will provide the next big move. Blue line = resistance Red line […]
Greeting eTorians! While the oil price continues to drop, we are asking ourselves, what will be the commodity’s final price at the end of the year? We would like to forward this question to our community and encourage you to take part in our little prediction game: predict the final oil price this year and […]
December 16, 2014 – Commodities News Gold On Monday, Gold dropped and returned below $1,190/ounce. Demand for the metal faltered as investors started to speculate over the upcoming FOMC meeting. The market seems to be preparing for hawkish news regarding the U.S. interest rate hike. The price is likely to remain under pressure until Wednesday […]
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The yellow metal lost its shine after the US data and ahead of the Federal Reserve meeting. At yesterday’s session, the metal fell to a 1-week low at $1,190.50. The US dollar was ignited by the stronger industrial production data. Industrial production jumped 1.3 percent after a 0.1 percent increase in October. But the other […]
Technical outlook and chart setups: Gold is still pulling back after reaching $1,235.00 levels earlier. The metal could still drop to the fibonacci 0.618 support at $1,180.00 levels before rallying further up. It is recommended to initiate long positions around $1,180.00 levels on a bullish reversal there, risk remains at $1,140.00/50.00 levels. Immediate support is […]
Technical outlook and chart setups: Silver has further dipped towards sub $16.00 levels as seen here. The metal is supported by the fibonacci 0.382 level and also resistance turned support trend line as seen here. A bullish reversal could be bought here, risk remains at $14.50. Still, the best/optimum level would be $15.50/60 to enter […]
Oil prices fluctuated on Monday, Dec. 15, as global market participants responded to the latest developments surrounding the commodity’s supply and demand. January crude fell to as little as $56.25 […] The post Oil Prices Fluctuate amid Supply-Demand Developments appeared first on | HY Markets Official blog. Related Posts:Bitcoin will thrive during supply crisis April […]
Gold climbed back up from recording its largest single day fall this year just as the US Federal Reserve begins its two day meeting where policy makers are set to discuss the schedule of its first interest rate increase. Spot gold advanced earlier today by as much as 0.5% for a price per ounce of […]
Overview : Since our last analysis, gold has been trading downward. The price tested the level of 1,209.42 in a volume below the average. Our corrective Fibonacci expansion 100% at the price of 1,209.00 is on the test so be careful when selling gold at this stage. I placed Fibonacci retracement to find potential support […]
Crude prices slightly climbed from a five-year low on Monday after the United Arab Emirates Energy Minister’s comments on the ongoing production despite the falling prices. Futures for the North […] The post Oil Slightly Rises From Five-Year Low appeared first on | HY Markets Official blog. Related Posts:Technical Analysis – USDJPY rallies to another […]
December 15, 2014 – Commodities News Gold On Friday, Gold decreased to $1.215/ounce level despite declines in the stock market and worse than expected U.S. PPI data. Bearish sentiment continued during today’s Asian session and the metal dropped to $1,212/ounce. The sentiment could be explained by a sell-off and profit taking. Remember that the Fed […]
Gold price has broken once again below $1,215 and is unable to break above $1,233 resistance. The short-term price action implies that we should expect a downward move towards $1,205-$1,200. Important daily support at $1,180, if broken, will be a bearish sign implying that we could have started a medium-term move to new lows. Blue […]
Yen Slight Rise On Abe Election Morning Report: 9.00 London • This morning, the Japanese yen has shown a positive, if muted reaction to the re-election of PM Shinzo Abe. The major yen pairs are heading lower, with the USD/JPY down 0.35% and the EUR/JPY off by 0.49%. […]
