Gold Rebounds now that Bernanke is Done Talking - May 23, 2013 23:02

It is one of the unwritten rules of the market, “Gold cannot make the FOMC Chairman look bad.” Yesterday’s Humphrey-Hawkins testimony by FOMC Chairman Ben Bernanke was the catalyst for the hit on gold and silver during the COMEX hours.  And it happens every time the chairman is due to speak in public. The efficacy […]

Yen Weakness Creates Risk-On Gold Raid - May 11, 2013 0:50

The Yen smashed through Â¥100 yesterday just in time to push the Euro below $1.30 today, taking Gold, Silver and U.S. Treasuries to the cleaners.  Yesterday’s rumor of more Fed jawboning about the end of QE started the rout and today the follow through occurred.  It is, at this point, nearly comical to watch this […]

Gold Futures Drops ahead of Bernanke Speech - August 30, 2012 23:57

Gold futures declined on Wednesday mainly in reaction to stronger greenback while investors were also mixed over the decision of central bankers ahead of Bernanke speech. Gold futures contract for December delivery plunged 0.4 percent or %6.70 to settle at $1,663 per ounce on the Comex division of the New York Mercantile Exchange. US Federal […]

Forex Outlook for the Week Ending August 31st - August 28, 2012 22:51

Weekly outlook of currencies’ trading and Forex markets for the week ending August 31st, 2012 are as below: On Monday, August 27th, 2012, data on Germany’s import price index, IFO expectations, IFO current assessment and IFO Business Climate was published. France reported net change in jobseekers data. In United States, Dallas’s Federal Reserve reported its […]

Gold Futures Jump on Weaker Greenback - April 27, 2012 23:49

Gold futures rallied on Thursday and reached their highest in last two weeks in reaction to weakening greenback and decision of US Federal Reserve to keep the interest rates unchanged. Gold futures contract for June delivery jumped 1.1 percent or $18.20 to settle at $1,660.50 per ounce on the Comex division of the New York […]

Gold Futures Decline as Investors Opt for Profit Taking - March 28, 2012 23:54

Gold futures declined on Tuesday as investors went for profit taking. The precious metal gained consistently for last two sessions and almost touched the benchmark of $1,700 per ounce which intrigued investors to realize profits. Gold futures surged 1.4 percent on Monday’s trading session in reaction to US Fed’s Chairman, Ben Bernanke who showed his […]

Crude Oil Slightly Gains on Bernanke’s Speech - March 27, 2012 23:50

Crude oil futures gained on Monday after the US Federal Reserve’s Chairman Ben Bernanke indicated possible chances of more easing in US monetary policy. On Monday, Bernanke expressed his opinion of fewer chances in sustainability in labor market improvements in the long run. Investors and most analysts interpreted further easing in monetary policy from Bernanke […]

Economic Factors to Affect the Forex Markets - March 27, 2012 23:47

Major economic events and factors which could affect the forex markets for the week ending March 30th, 2012 are as under: On Monday, March 26th, Italian consumer confidence was released in the euro zone while IFO institute published the data on Germany’s business climate, current assessment and expectations. France also reported its data on total […]

Weekly Outlook for Forex Markets - March 20, 2012 23:52

Major economic events to affect the forex markets for the week ending March 23rd, 2012 are as follows: On Monday, March 19th, 2012, data on Italian industrial sales and orders was published while euro zone reported data on its current account and construction output. In United States, NAHB housing market index was released while US […]