Metals

Gold The yellow metal cratered to fresh 12 month lows this week as a resurgent US Dollar and cascading oil prices combined to shunt the safe haven metal lower. The US Dollar has been rallying firmly this week in response to Fed chairman Powell’s testimony before the Senate where he gave a very encouraging outlook on the US economy. Alongside ra...

2018-07-19 James Harte Read more

USD Index Weekly: Mixed trading for the last 7 weeks. We are looking for further upside pressure to be limited. Trend line resistance (and a possible Right Shoulder of a bearish Head and Shoulders pattern) is located at 95.70. The 50% Fibonacci pullback level from the 103.87-88.13 move is seen at 96.00. This is our sell ‘zone’ (95.70-96.00) ...

2018-07-19 Ian Coleman Read more
forex commodities

Gold After suffering consecutive weeks of declines over the last month, the yellow metal was able to rebound higher this week as safe haven inflows saw steady demand. With the market bracing for the implementation of bilateral US/ Chinese tariffs on Friday which is set to affect billions of dollar’s worth of each country’s goods, there has been...

2018-07-05 James Harte Read more
precious metals

Gold The yellow metal was down heavily this week as the US Dollar continues to extend its recent bull run, as the market continues to trade off US rate hike expectations. Following the Fed’s second rate hike this year and the upward revision to its rates forecast, which now projects two further hikes this year from one previously, the market ha...

2018-06-28 James Harte Read more

Twitter is a popular hub for commodity traders across the world with live tweets being used to track everything from rainfall patterns to commodity prices. So, whether you’re an agricultural trader/broker or are simply interested in the commodities market, here is the first installment of Orbex's Top 10 Commodity Traders on Twitter that you m...

2018-07-05 Orbex Read more

After a busy week of central bank line ups last week, interest rate hikes and announcements of tapering the QE program, the week ahead promises to be a lot quieter despite a few central bank meetings lined up. The Bank of England and the Swiss national bank will be holding their respective monetary policy decisions this week. No major changes...

2018-06-18 John Benjamin Read more
forex weekly commodities wrap

Gold The yellow metal rose slightly this week, taking its cues from a weakened US Dollar which fell in response to the June FOMC meeting. The sell-off came despite the Fed raising rates as expected and upgrading its rate hike forecast for the rest of the year from one hike previously to two hikes. The weakness is reportedly due to President Tru...

2018-06-14 James Harte Read more
Gold bar

Technical Monthly: Potential reverse head & shoulders as prices trade within the monthly ichimoku cloud. A clear break of $1370 is required to confirm the formation. $1300 key support has been breached although losses have been limited. Weekly:  A possible medium term AB=CD formation has a measured move target of $1450. 2017/18 tre...

2018-06-22 Steve O'Hare Read more

Monthly: Trading within a corrective channel formation. Trend line resistance is located at 75.13. Trend line support at 53.62. Selling pressure from 72.88 has resulted in all the initial rally being overturned. The potential reversal is between the 50 and 61.8% pullback levels (of 67.06 and 769.70) Weekly:  Price action formed a bearish ...

2018-06-25 Ian Coleman Read more