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Gold Prices Rally as US Dollar Strength Fades

Talking Points: Gold Prices Rally as US Dollar Strength Fades Intraday US Dollar Support is Found Near 100.63 Next Resistance for Gold Price is Found Near $ 1,189.53 Gold prices have rebound from this morning’s low of $ 1,180.70, after the US Dollar initially rallied on better than expected GDP figures. US GDP (Annualized) was […]

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Weekly Trading Forecast: December Expectations Face Themes Like Brexit, Data Like NFPs

December is historically one of the more quiet trading periods of the year. However, an antsy market heading towards protectionism makes a docket loaded with events like US NFPs, an OPEC meeting and BoE stability report a trading minefield. Australian Dollar Forecast – Australian Dollar at Risk on US Data, Trump Cabinet Appointments The Australian […]

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US Dollar Index Old Highs Should be Marked for Possible Support

Daily Chart Prepared by Jamie Saettele, CMT DailyFX Trading Guides and Forecasts -Recent comments noted that “Monday’s (11/14) close settled above channel resistance, indicating potential for upside acceleration (could be a ‘blow-off’). The importance of the break through resistance is accentuated by the fact that channel resistance (former now) was support earlier this week (on […]

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Euro Facing French Political Upheaval, but It’s Not All Negative

Talking Points – Former French President Nicolas Sarkozy was surprisingly knocked out of the French elections this weekend. – Sarkozy’s unexpected defeat has underlined the political risk that lies ahead for the Euro – another sign of the anti-establishment sentiment sweeping the Western world. – However, higher Euro-Zone bond yields – supporting interest rate differentials […]

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Weekly Trading Forecast: Does a Seasonal Liquidity Drain Benefit or Threaten the Markets?

The US Thanksgiving holiday week offers a historical drain on liquidity and boost in speculative reach. However, against the backdrop of rate speculation, protectionism and uneven risk trends; shallow markets may impose more risk than relief. US Dollar Forecast – Quiet Will Not Serve Well a Dollar Already Stretched at 13-Year Highs The Dollar’s performance […]

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Crude Oil Prices Close Weekly Trading Higher

Talking Points: Crude Oil prices have bounced to close Friday’s trading higher, despite Fed Chair Janet Yellen’s statement that interest rate hikes may occur “Fairly Soon”. This bounce should be seen as significant as other commodities such as Gold are set to close this week’s trading near their monthly lows. Going into next week’s trading, […]