Tag Archives: Gold

Weekly CFTC Trader Positioning Data

• Key developments in this week’s report include an ongoing build in EUR and JPY shorts,

EUR/USD remains weak as can be seen by thefailure to break the hourly resistance at 1.3220(25/08/2014 high).

Market focus will continue to be on the developments in Ukraine.

Bulls take comfort in the spike above the $1292.4 previous resistance and the 21 & 100-DMAs Thursday,

EUR/USD was able to bounce of 2014 lows at1.3153 yet buying pressure is thin.

Spanish and German inflation data for August are released ahead of the euro figureon Friday.

EUR/USD made new lows yesterday,confirming persistent selling pressures.

In terms of data releases we have a very light global calendar. In Germany the GfKconsumer confidence for September is released.

As gold continues to find support ahead of last week’s $1271.6 low the precious metal managed a spike above

EUR/USD is trying to stabilise after its recentnew lows. However, the short-term technicalstructure is negative as long

Focus is expected to be on the Ukraine crisis once again, as there is an event inBelarus’s capital Minsk, where top officials from

Following on from Thursday’s close below the 200-DMA gold continues to