Gold prices

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. Trend suppo...

2018-06-14 Steve O'Hare Read more
US Dollar Weighs on Metals

Gold As the US Dollar Weighs on Metals, Gold prices came under pressure following the US Dollar's impressive rally last week.  The US Dollar had been under pressure due to mounting concerns over the trade war with China as Trump threatened to increase tariffs on Chinese goods to $150 billion. However, with the more aggressive rhetoric having no...

2018-04-26 James Harte Read more
XAUUSD - Safe haven drive higher continues

Monthly: Price action remains positive and we expect further upside. A potential reverse head & shoulders formation requires a close above $1392 to be considered. The safe haven flows underpin dips. Weekly:  An AB=CD formation has a measured move target in excess of $1450. $1300 has become a pivotal support although dips below here ar...

2018-04-16 Ian Coleman Read more
Final GDP releases

The week ahead will see a somewhat slower pace of economic data released accentuated by a short trading week. Most of the markets, including the U.S. and Europe will be closed on Friday on account of the Good Friday holiday. After a busy last week, which saw the Fed hiking interest rates and monetary policy meetings from the Bank of England ...

2018-04-03 John Benjamin Read more
GBP Longs Rise Ahead of BOE

EURUSD Non-Commercials increased their net long positions in the Euro last week buying a further 13k contracts to take the total position to 146k contracts. Investors have been steadily adding to their long exposure in the Euro as the market anticipates that the ECB will remove accommodative monetary policy at a faster pace than is currentl...

2018-03-23 James Harte Read more
Fed meeting minutes and US inflation

The markets head into a busy week that sees some of the major central bank monetary policy meetings lined up. This week, the RBA, the Bank of Japan, the ECB and the BoC will be holding their monetary policy meetings. Despite the line up of the central bank meetings, no major changes are expected from either of the central bank monetary policy de...

2018-03-23 John Benjamin Read more
Trump’s Latest Gift

Trump finally did it. Yesterday’s announcement of 25% tariffs on imported steel and 10% tariffs on imported aluminum is an outright trade war. Regardless of whether protectionism has been the cornerstone of Trump’s campaign promises, once it is announced markets react. As Trump was backing protectionism in Thursday’s press conference, Fed Cha...

2018-03-23 Ashraf Laidi Read more
cryptocurrencies replace gold

The recent media attention on cryptocurrencies, especially since the last quarter of 2017 stoked the questions of can cryptocurrencies replace gold as a safe haven? One of the biggest arguments supporting this view was the fact that; unlike fiat currencies, the decentralized model supporting cryptocurrencies made it difficult for authorities to ...

2018-03-23 John Benjamin Read more
Central Bank and Bitcoin

The boom in cryptocurrencies and their underlying technology is forcing Central Banks worldwide to sit up and take notice. After all, Bitcoin, which is the largest and most popular cryptocurrency, along with its peers, are basically circumventing the established money system, through their unhackable technology, to give value. Major companies...

2018-03-23 Orbex Read more