Gold Prices – Have We Hit The Resistance? - January 15, 2019 11:23

The strength of Gold prices has remained high over the last 10 days since reaching the resistance at just under $1300. If you look left on a daily chart, you can see this was the area that clearly broke down in June 2018. Gold is fighting against higher prices here, a true battle of bulls […]

Dow Jones Stumbles and Reverses on Fed Unchanged Interest Rate - September 21, 2017 11:02

The US federal reserve released their quarterly interest rate decision in the United States. They left rates on hold for the next period but hinted at a rate hike maybe on the cards before the end of this year. Once again the Federal Reserve suggested that interest rates are due to rise again. Even though […]

Gold Prices and Why There’s Nobody Buying - May 8, 2017 10:41

At the back end of last week Gold prices slid to levels not seen since mid March, all-in-all it was Gold’s worst performing week of 2017 so far. The recent strength of the US Dollar put pressure on Gold as expectations of a rate rise grow. The US Fed gave indication that planned rate rises […]

Forex Outlook for the Week Ending June 15th - June 13, 2012 14:47

Major economic factors which could significantly impact the forex markets and currencies trading for the week ending June 15th, 2012 are as under: On Monday, France reported its data on industrial production and manufacturing production in the euro zone. Italy also reported its official figures on gross domestic product. United Kingdom came up with data […]

Forex-Weekly Outlook - March 6, 2012 23:09

Major economic events which have significant impact on forex markets for the week ending March 9th, 2012 are as under: On Monday, data on French and Italian purchasing managers Index was published in the euro zone while single currency region published its separate data on purchasing managers index for services sector. The euro zone also […]

Economic Events to Affect the Forex Markets - February 14, 2012 22:56

Major economic events that have a significant impact on the Forex markets for the week ending February 17th, 2012 are as under: On Monday, in euro zone, data on German wholesale price index was released was Switzerland published its report on producer and import prices. In Australia, data on home loans and investment lending was […]

Gold Futures Rally as the Greenback Weakens - January 26, 2012 23:40

Gold futures rallied on Wednesday and crossed the psychological barrier of $1,700 per ounce as the US dollar declined and US Fed announced to keep the interest rate at their lowest. Managing director, Jeffery Wright from Global Hunter Securities commented, “It looks like someone awoke to the fact that loose monetary policy will eventually impact […]

Forex Weekly Outlook - November 7, 2011 23:38

Significant economic events around the globe that have affect on forex markets for the week ending November 11th, 2011 are as follows: Today in euro zone, report on investor confidence was released while in Germany, official data on retail sales and industrial production was reported. In United Kingdom, report on house price inflation was published. […]

Gold Jumps on Thursday on increased US Jobless Claims - September 9, 2011 23:22

Gold futures contract surged on Thursday as investors were uncertain about US economy on increase in US jobless claims for the last week. Moreover European Central Bank is also pessimistic about the euro zone’s future growth which made investors shift their focus towards the safe haven status of the gold. As per latest data of […]