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Gold and Oil News - January 15, 2019 11:23
Gold Prices – Have We Hit The Resistance?
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 […]
Gold and Silver Prices Continue to Creep Higher
Gold and Silver prices continued to push towards their recent highs yesterday, aided by the US Dollar which began to slide further away from the 2018 highs. Gold has been on a run lately, after breaking through the 1230 resistance area following the end of November Non-Farm Payroll report. Currently the gains in Gold and […]
FTSE / DAX Still Weak Moving Into End of Year
Shares in the UK and Europe are still languishing near their year lows, as the often strong time of year for the markets arrives, and nearly passes. The FTSE 100 made a clean break of the support in early December, under 6850 and has since not shown any real strength to suggest it will attempt […]
Is Crude Oil Set to Bounce After a Month of Falls?
It’s fair to say that Crude oil and Brent oil prices were under serious pressure for the whole of October. Brent oil retraced around 18% from the high of the 4th October, which helped fuel a wider market sell off. Brent is now trading around the levels of July and August 2018, which held firm […]
Relief Rally on Share Prices as US and Europe Make Gains
What a difference a few days make. Stock markets began to rebound strongly in early week trading after the horrendous falls last week. Share prices in the UK had been hit hard, but this mini relief rally was also aided by a weaker British Pound. The British Pound came under pressure on Monday when talk […]
Stock Markets Wobble and Completely Fall Down
European shares continue to fall hard. The trigger began as the US markets were hit hard during yesterdays trading session, as investors were seriously concerned about a possible trade war and US bond yields. Asian stocks joined in the trend as they plummeted to an 19 month low overnight. Share price valuations have been extremely […]
UK Share Prices Continue To Slide While USA Has Bank Holiday
The leading shares on the world’s top indexes continue to climb a wall of worry, with prices falling further after last weeks dismal ending on the stock market. Share prices were down on the FTSE 100 and Dax30 index during morning trading in Europe, and futures seem weak in pre-market across in the USA. The […]
British Pound Stays Strong Whilst The Dollar Remains Weak
The British pound remained strong in early trading this week, especially so versus the US Dollar which remains weak and is consolidating around its recent lows. GBPUSD has managed to trend higher this last month and is now back at the levels seen in early July. There could be some resistance around the 1.31 to […]
British Pound Makes Gains on Brexit News Ahead of US Non Farm Payrolls
Yesterday the British Pound made gains across the board as word surfaced that progress towards an agreement on Brexit is being made. Instantly the Pound surged against all other currencies. The main gains were made against the US Dollar with weaker than forecast trade balance data arriving on US markets opening. While a final deal […]
Gold Price at 12 Month Lows with Non Farm Payrolls to Land
After several negative weeks and months Gold prices are sitting at their lowest point in over a year. The Federal Reserve opted to hold rates on Wednesday which seen Gold sell off further and approach this very important level of $1200. The US Dollar remains strong, as it has since early April this year, whilst […]
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