Posts Tagged ‘US Dollar’
Gold and Oil News - October 7, 2014 17:44
Gold Price – To Buy Or Not To Buy?
As things stand, Gold prices have bounced (since Monday) from the lows of the last two years. The question remains, to buy or not to buy? With the US Dollar on a rampage, it’s easy to find reasons to be uncertain on Gold, however, does this bounce show us where support in the price remains? […]
Gold Fights for $1300 Ahead of Fed Meeting
The all-important FOMC meeting should be concluded and if it went to form the members spent all of 20 minutes deciding the fate of the world and 2 days figuring out how to communicate that to us mere mortals. When you think of it like that the idiocy of central planning is pretty stark.  But, […]
Market Stability Has Been Acheived
This may have been the most boring Monday in the markets I’ve seen in a long time. The only thing that is for sure, however, is that the S&P 500 will rise and if it doesn’t do so early in the session it will do so late. So, officially, as Zerohedge pointed out, a new […]
Gold Spikes Down to $1650 on Multiple Signals
I’m watching the gold market right now and $1650 has been reached this morning. There is still nearly two full sessions until options expiration tomorrow so this current downdraft has a lot of potential for a major wipe out. If you are long gold with leverage you are an idiot. Jim Sinclair has been telling […]
Forex Outlook for the Week Ending October 12th, 2012
Significant economic events which could substantially affect the trading of currencies and forex markets for the week ending October 12th, 2012 are as under: On Monday, October 8th, 2012, Germany reported its official figures on trade balance, imports, exports and current account along with data on industrial production. In euro zone, data on Sentix investor […]
Gold Futures Lower in the Start of the Week
Gold futures contract fell on Monday but found some support from gaining oil futures and lower US dollar. Gold futures contract for June delivery fell 0.2 percent or $3.20 to settle at $1,588.70 per ounce on the Comex division of the New York Mercantile Exchange. The precious metal gained 0.5 percent in the last week. […]
Gold Futures Fell to Lowest in 10 Months
Gold future reached their lowest since July 2011 on Wednesday mainly affected by stronger greenback and Greece’s economic and political worries. Further to add to the losses of the precious metal European Central Bank also decided to stop funding to certain Greek banks, however the central banks also disclosed that it would continue to support […]
Australian Dollar Plunges on Weaker Trade Data
The Australian dollar took a heavy beating on Tuesday and fell below $1.01 versus the greenback which also happens to its lowest since December. Investors squared off their positions on the Australian unit in reaction to weak Australian trade data and escalating worries over European debt. According to the latest report Australian trade deficit reached […]