Posts Tagged ‘Euro’
Currency Articles, LiveWire Economics Blog - December 27, 2012 1:27
The Euro and Cattle Futures Follow Through – Signalling Inflation Incoming
Last week’s close in both the EURUSD pair, $1.319, and Cattle Futures, $133.64 per hundredweight, marked breakouts for both markets. The Euro broke through a quadruple top at $1.317 on the weekly chart pushing past $1.32 last week but couldn’t hold it. During this, the last week of the year, the EURUSD pair pushed again […]
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 […]
Euro Bullish Breakout
In yesterday’s blog I noted that the Euro / US Dollar cross was approaching breakout territory. The Euro last Friday put in the highest weekly close versus the Dollar since late May and was threatening last week’s high at $1.317. Yesterday took the price of the Euro over that level and today it has followed […]
Euro Looking to Break Out to $1.35
Last Friday’s close on the EURUSD cross was the highest weekly close since the middle of May. The euro pushed up against the US Dollar closing just over $1.316 eclipsing the close of $1.3128 to end the week of August 9th. This is a very significant occurrence given the Federal Reserve’s statement about QE this […]
Gold Loses $1700 In Early Trading
Looking at that monetary statistics, it is obvious that no matter what the Fed says they have not begun their QEIII program. The Adjusted Monetary Base — not the strictest variable for the evidence of QE I will grant — stubbornly continues to oscillate around the $2.6 billion level, which, along with Euro strength right […]
Euro Pushes Back Towards $1.30 on Hope
At this point I have to agree with with zerohedge about the Euro, so little of the news coming out the euro-zone leadership anymore makes any sense whatsoever that movements in the big global markets on any one day can be tied to anything in particular. Two weeks ago the Euro was looking at a […]
Gold Holds $1675 Pre-Election, Grinds Higher
Looking at the chart of Gold after this morning’s dip near the European open looks like the price equivalent of watching a tractor pull at a strongman competition. Every 15 minute bar on the December contract is just another small step forward as bulls refused to be beaten back but bears refused to give much […]
Gold Bursts Through $1700 as Winter Sets In
In the face of the BLS Non-Farm Payroll report which looked for all the world like another 9-sigma event, funny how those keep happening the closer we get to the election, gold could not stand up to the onslaught of bullion bank selling as it looked like a number of the professionals decided to front-run […]
Gold Firms After Weak Asian Open
Friday’s waterfall European close in gold was nothing more than options expiration take-painting. And, while gold had a perfect setup this month to assault $1800 and push through to $1850, that setup looks to have failed spectacularly. After a weak open in Sydney last night Gold strengthened coming into the COMEX session and dollar by […]
Gold Breaks Through $1750, Euro Stalls Above $1.31
It is becoming more obvious by the day that the 79 level on the USDX is being defended by the major central banks ahead of the U.S. Presidential election in three weeks. Four times today the USDX approached (or breached) the 79 level on the downside and four times it was lifted back up and […]
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