Gold and Silver Prices Continue to Creep Higher - December 18, 2018 12:08

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 […]

UK Share Prices Continue To Slide While USA Has Bank Holiday - October 8, 2018 12:37

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 Makes Gains on Brexit News Ahead of US Non Farm Payrolls - September 6, 2018 9:31

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 Spies $1730 and Retreats, Six More Weeks of Winter - November 2, 2012 0:01

There was a moment to start the month this morning where Gold looked like it wanted to take a crack at last week’s high of $1731.45 on the December contract, now the front-month contract.  But, like the east Pennsylvanian ground hog, it saw its shadow and retreated for the safety of the $1710’s, closing the […]

Weekly Outlook for Forex - July 5, 2011 23:29

Important economic events which could have significant affect on the trading of different currencies for the week ending July 8th, 2011 are as follows:- On Monday markets in United States remained closed due to observance of the US Independence Day. In Australia data on building approvals, retail sales and change in numbers of jobs advertised […]

Euro continues to suffer from significant selling pressures - January 7, 2011 18:50

The Euro has been the key loser today, losing 1.6 cents in trade today. Eurozone unemployment figures and GDP figures announced this morning have failed to support the flailing euro. the ECB Chancellor Jean Claude Trichet has said this afternoon that governments should not rely on the ECB for bail outs and that they should […]

Euro Suffers over Sovereign Debt Fears - January 6, 2011 18:57

The Euro has come under pressure in the last few days as fears mount over sovereign debt contagion. The Euro has fallen against most of the world’s most actively traded currencies with the key EUR/USD pair making new lows at 1.3170 and GBP/EUR testing the 1.19 mark towards the end of the UK session today.

US Recovery Gathers Momentum with Service Sector Expansion - January 5, 2011 18:20

The US Economic recovery seems to be gathering momentum moving into 2011 as service sector expansion reaches the fastest pace since May 2006.

Bernanke Threatens Extension of QE past $600 Billion - December 6, 2010 17:51

Bernanke the chairman of the federal reserve has said today that the US might need to extend bond purchases past the the $600 billion announced last month to spur on economic growth. The argument for this extension is based upon fears that the US economy is expanding at a bairly sustainable pace and ongoing fears […]