Tag Archives: Gold
America Market Analysis
EUR/USD – starting to show on the radar screens is Thursday’s ECB policy meeting with traders and analysts chewing the cud over whether or not the ECB will trim rates again by 25bps, as it did in November and December.
GOLD ANALYSIS
Spot Gold prices have advanced in London this morning, after the market yet again failed at its attempt to consolidate above $1625 yesterday. Prices slipped back after the European equity cash closes yesterday to trade down to $1606.55, with that area now deemed as a short-term support level.
GOLD ANALYSIS
Spot Gold prices eased back yesterday in relatively calm trading conditions on the back of softer crude oil prices despite a weaker USD Index. Lack of fresh developments following yet another inconclusive Merkel/Sarkozy meeting led to a rather indifferent bullion market with the metal trading a $1605.20-1623.75 range after opening in Asia at $1617.50.
Asian Market Analysis
Despite negative EURO data and the resignation of SNB chairman Hildebrand, the EUR survived a relatively tame session in NY yesterday. China’s strong trade surplus in December, and German negative yields from yesterday’s auction have so far kept markets calm after the inconclusive Merkel/Sarkozy meeting, despite increasing possibility in analysts and the IMF’s minds that […]
GOLD ANALYSIS
GOLD confirmed on Friday a retest of the 200 days line at 1630,70 with even a small overshooting before however closing still below of it forming even a negative day reversal.
The difference between speculating and investing
Many professional investors have been led to believe that Mr. Market is always right and assets (whether real or not) will always be correctly priced because university and college professors for countless years have ‘spewed’ the efficient market hypothesis. This has pushed most investors into the land of speculation, where ‘I will buy an asset […]
GOLD ANALYSIS
Spot Gold prices eased slightly into the weekend on the back of a stronger USD, but falls were pared by renewed worries in the eurozone prompting some safe-haven demand and bargain dip buyers who continue to pick up on any sudden sell-offs in the market. The GOLD opened on Friday at $1622.70 hitting highs of […]
Market Analysis
The EUR fell to a 16-month low of $1.2666 against the USD and a fresh 12-year low of Y97.280 against the JPY amid growing concerns over the ability of European leaders to contain Europe’s sovereign-debt crisis.
GOLD ANALYSIS
Precious metals are trading mixed with gold edging a touch higher in early Asian session. Some market participants say that Gold is finally breaking away from the correlation that has kept it trading in step with risk assets in recent months.
GOLD Analysis
Spot gold prices benefitted from resilient oil prices despite a fall in equities with safe-haven attraction re-emerging into a shaky market as the euro’s brief new year rally ground to a halt. Concerns over Spanish debt and Unicredit shares plummeting around 10% all added to risk aversion despite ECB buying peripheral bonds through the SMP.
Gold Analysis
Precious metals are trading mixed early in Asian trade, with Gold edging lower. The Gold closed higher Wednesday, despite a stronger USD, as investors were attracted by its safe-harbor allure following reports of European Union countries agreeing in principle to launch an oil embargo on Iran.
Market Analysis
EUR/USD – Low print was $1.2944 in small, $1.29448 in regular, a trader confirms, and pair has rebounded to $1.2960 as some see that dip as a buy opportunity, at least short-term. Bids eyed at 41.2900/10 area, just under the Monday lows seen in those few centers that were open.