Tag Archives: Gold
FX Daily
A light global calendar today with focus likely to remain on the geopolitical tensions. Both US and Europe are increasing the pressure on Russia following the MH17 crash.
Weekly Economic & Financial Commentary
U.S. Review Q2 Appears to Be Ending on a Stronger Note • Retail sales rose a modest 0.2 percent in June, however,
Weekly CFTC Trader Positioning Data
• Expectations for growth stabilization from China and Fed Chair Yellen’s improved tone were likely the key drivers
Daily Technical Report
EUR/USD is close to the key support at 1.3503(see also the long-term rising trendline from theJuly 2012 low).
FX Daily
Another light data calendar with the US University of Michigan Confidence indicatoras the highlight.
Gold Technical Analysis
The recovery from the 55-DMA continued Thursday with the sharp move higher closing marginally above the 21-DMA ($1318.4).
Daily Technical Report
EUR/USD declined further yesterday. Prices arenow close to the key support at 1.3503 (see alsothe long-term rising trendline from the July 2012low).
Gold Technical Analysis
After finding support at the 55-DMA Tuesday gold has recovered lost ground and currently trades marginally above
FX Daily
It is a very light calendar today in terms of macroeconomic numbers. Focus will be oneuro-area inflation and US initial jobless claims.
Daily Technical Report
EUR/USD has broken the support at 1.3576,confirming a bearish bias. A further short-termdecline towards the key support at 1.3503 islikely.
FX Daily
Focus on central bank speeches with ECB’s Coeure and Fed’s Fisher but mostimportant will be Fed chair Yellen’s testimony.
Gold Technical Analysis
The correction lower continued Tuesday with gold closing below the 100-DMA but finding support at the 55-DMA.