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Global holdings of gold by exchange-traded funds have now hit their highest level in three-plus years after another large inflow on Monday, says Commerzbank. “While speculative financial investors are clearly withdrawing from gold, ETF investors are remaining loyal to gold,” the bank says...
CME Group reports that metals-trading volume jumped 32% year-on-year in July to a daily average of 503,000 contracts, compared to 381,000 in July of 2015. This comes after June metals volume rose by 45% year-on-year to 483,000 contracts...
Tuesday August 02, 2016 10:55 (Kitco News) - One fund manager is recommending that investors forget about focusing on the minutiae details of a potential rate hike and instead should look at the overall picture, which highlights a growing environment of real negative...
We expect the Bank of England BoE to announce a substantial package of easing measures on Thursday. We expect the BoE to cut the Bank Rate by 25bp, down to 0.25%, and look for an expansion in its stock of purchased assets of GBP75bn...
Gold prices are posting solid gains and are trading near their daily highs as midday approaches Tuesday. More bullish near-term technical postures for gold and silver prices are working to inspire chart-based buying interest in the precious metals markets. The recent slump in the U.S...
TRADING RECOMMENDATIONS According to the data presented on Friday, US GDP increased in the 2nd quarter by 1.2% seasonally adjusted, that is much less than expected by the forecast (+ 2.6%). The average annual growth of US GDP in the current economic cycle remains the weakest since at least 1949...
AUD/USD Intra-Day Fundamentals: RBA Cash Rate and 59 pips range price movement 2016-08-02 04:30 GMT | [AUD - RBA Cash Rate] past data is 1.75% forecast data is 1.50% actual data is 1.50% according to the latest press release...
Pivot Points DAILY Last Updated: Aug 2, 3:30 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.11079 1.11365 1.11475 1.11651 1.11761 1.11937 1.12223 USD/JPY 100.996 101.672 102.024 102.348 102.7 103.024 103.7 GBP/USD 1.2982 1.30918 1.31321 1.32016 1.32419 1.33114 1.34212 USD/CHF 0.96031 0.96423 0...
Pivot Points HOURLY Last Updated: Aug 2, 3:00 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.11554 1.11601 1.11629 1.11648 1.11676 1.11695 1.11742 USD/JPY 102.059 102.194 102.247 102.329 102.382 102.464 102.599 GBP/USD 1.3161 1.31714 1.31773 1.31818 1.31877 1.31922 1.32026 USD/CHF 0.96732 0...
Gold prices ended the U.S. day session modestly higher Monday and closed at a three-week high. There was decent follow-through buying from Friday’s gains says Peter Hug, global trading director for Kitco Metals...
Content courtesy of Tallinex Limited https://www.tallinex.com GOLD (XAUUSD) Dominant bias: Bullish Gold moved upwards during the first few days of July and then began to consolidate to the downside - a consolidation that was conspicuous from July 13 to 27...
After New York closing bell, according to volatility and direction parameters noticed on the majors ( EUR, GBP, JPY, USD ), I purpose my advise on the likely scenario, for the next daily market session...
USD: Lower USD for Now. Bearish. This week's Fed meeting has done little to change our view that USD is likely to remain weak in the coming months...
USDCHF: With the pair closing lower on sell off the past week and following through lower during Monday trading session, more decline is envisaged. On the downside, support lies at the 0.9600 level. A turn below here will open the door for more weakness towards the 0.9550 level and then the 0...
Summary : Target Level : 1.3198 Target Period : 5 hours Analysis : Triangle identified at 01-Aug-04:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.32 within the next 5 hours...
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GOLD: Having the commodity closed higher the past week, more strength is envisaged. On the downside, support comes in at the 1,340.00 level where a break will turn attention to the 1,330.00 level. Further down, a cut through here will open the door for a move lower towards the 1,320.00 level...
