Archive for US Dollar – Page 2

“Desperate Shot in the Dark” of Quantitative Easing “Will Boost Inflation & Gold” Say Analysts

London Gold Market Report from Adrian Ash BullionVault Thurs 9 Feb., 08:45 EST The WHOLESALE MARKET gold price slipped 0.6% to $1730 in London on Thursday morning, regaining most of that dip as the European Central Bank kept its key lending rate on hold and the Bank of England extended its purchases of UK government [...]

Gold Steady Wed. Morning as Dollar Hits 2-Month Low, Job Market “Still Far from Normal” says Bernanke while Bank of England “Could Do £50bn” Additional QE

London Gold Market Report from Ben Traynor BullionVault Wednesday 8 February 2012, 08:30 EST WHOLESALE MARKET prices for gold bullion held steady just below $1750 per ounce Wednesday morning in London – a 2.2% gain on yesterday’s low – after rallying Tuesday following comments from US Federal Reserve chairman Ben Bernanke. Silver bullion eased slightly this morning [...]

EU Debt Crisis Continues to Fuel Risk Aversion

Source: ForexYard The euro-zone debt crisis continued to fuel risk aversion in the market place yesterday, as poor news briefly brought the EUR/USD pair below the 1.3100 level. The pair staged a recovery later in the European session, after it was revealed that Greek leaders had begun finalizing a debt swap deal. Today, traders will [...]

Gold Touches Two-Week Low as Athenians “Burn German Flag” with Greece “Standing on Edge of Default”

London Gold Market Report from Ben Traynor BullionVault Tuesday 7 February 2012, 07:45 EST U.S. DOLLAR gold prices touched a 2-week low of $1711 an ounce Tuesday lunchtime in London, with stocks, industrial commodities and the Euro also falling amid uncertainty over whether Greece is approaching default. Silver prices dropped to $33.20 per ounce – down 1.6% on [...]

Was Friday’s Price Action in Gold Signaling a Top in the S&P 500?

By Chris Vermeulen: www.TheGoldAndOilGuy.com & JW Jones: www.OptionsTradingSignals.com   “You can’t feel the heat until you hold your hand over the flame. You have to cross the line just to remember where it lays.” ~ Rise Against. “Satellite” Lyrics ~ Friday morning traders and market participants awaited the key January employment report from the U.S. [...]

Gold “Rollercoaster” Heads Yet Lower as Greece Hits “Crunch Time for Bankruptcy”

London Gold Market Report from Ben Traynor BullionVault Monday 6 February 2012, 09:00 EST SPOT MARKET gold prices fell further Monday morning in London, reaching $1713 an ounce by lunchtime – a 2.8% drop from last week’s high – as stock and commodity markets also ticked lower, while US Treasury bond prices gained. Silver prices dropped to $33.09 [...]

USD/CHF Outlook – Feb 5, 2012

USD/CHF entered into a perfect volatile sideways mode between 0.9115 and 0.9250. The support came by the approaching psychological support range of 0.9000 as well as above Fibonacci 50% retracement of the upward move during October 27th to October 27th, 2011 to January 8th, 2012. For the next week we expect to see some more sideways [...]

Double-Whammy Hits Crude Oil

Written by Sara Nunnally, Editor, Inside Investing Daily, insideinvestingdaily.com There are a host of factors affecting crude oil prices. Lately, though, it boils down to the value of the dollar. The way things are going… that’s not good news. Oil prices have held up surprisingly well these past three months. We’ve seen geopolitical threats from [...]

Currency Futures: Forex Speculators cut US Dollar bets. Aussie, Kiwi & Peso positions continue rise

By CountingPips.com The latest Commitments of Traders (COT) report, released on Friday by the Commodity Futures Trading Commission (CFTC), showed that large futures speculators cut back on their US dollar long positions last week and Euro short positions improved for the first time in six weeks from their record low level. Non-commercial futures traders, usually [...]

Gold Reversal At 61.8% Fibonacci Retrace Could See Correction

Gold Trading Analysis Reversal At 61.8% Fibonacci Retrace Gold (daily chart shown below) has printed the largest single day decline in over 4 weeks and dropped one percent after the strong U.S. NFP data killed near term expectations of additional financial stimulus from the FED.  This has seen the formation of a bearish engulfing candle on [...]

Bernanke’s Comments “Lend Support” to Gold, But Precious Metals Dip Following Strong US Jobs News

London Gold Market Report from Ben Traynor BullionVault Friday 3 February 2012, 09:30 EST SPOT MARKET gold prices slipped back below $1750 an ounce while stock markets rallied strongly following the release of better-than-expected US jobs figures on Friday. The Bureau of Labor Statistics nonfarm payrolls report, published on Friday, shows that the US added a net [...]

Forex ct 3-2-12 Video News Update

Video courtesy of ForexCT – A leading Australian forex broker, liscensed by the Australian Securities & Investments Commission, offers the MetaTrader4 and PROfit Platform to retail traders. Other services include Segregated Accounts, Trading workshops, Tutorials, and Commodities trading.

US Non-Farm Payrolls Set to Generate Heavy Volatility

Source: ForexYard Today’s US Non-Farm Payrolls figure, widely considered the most significant economic indicator on the forex calendar, is set to generate heavy trading today. At the moment, analysts are predicting that the US added somewhere around 150K jobs in January. Should the final result come in below expectations the USD may come under renewed [...]

Chinese & Indian Gold Demand Rising as Zero Rates “Distort” Investment Markets, “May Kill Credit”

London Gold Market Report from Adrian Ash BullionVault Thurs 2 Feb., 09:15 EST The WHOLESALE-MARKET gold price slipped 0.5% from a new 8-week high in London Thursday morning, while global stock markets stalled after a 3-day rise and commodities also edged back. The Euro fell from $1.32 on the forex market for the third time [...]

How Does the Value of the U.S. Dollar Fit Into the Big Picture for the Economy?

Robert Prechter discusses his views on the credit crisis and the U.S. dollar By Elliott Wave International More credit is denominated in U.S. dollars than any other currency. What does this mean for the value of the dollar as the credit crisis continues its strangle-hold on the world economies? Enjoy this video clip of Bob [...]

Gold, Stocks and the Euro All Gain in “Risk Asset Recovery” as Positive Manufacturing Data “Confirms China’s Soft Landing”

London Gold Market Report from Ben Traynor BullionVault Wednesday 1 February 2012, 08:30 EST THE U.S. DOLLAR cost of buying gold climbed to $1750 an ounce Wednesday morning London time – gold’s highest level since early December – while commodity prices also ticked higher and stock markets surged following the release of better-than-expected manufacturing data from several [...]

EUR Bullish After EU Bailout-Fund Agreement

Source: ForexYard The euro staged a small but significant upward correction during European trading yesterday, following an agreement among euro-zone leaders to set up a permanent bailout fund. The news briefly lifted the EUR/USD above the 1.3200 level, but the pair was not able to sustain its bullish momentum and began falling shortly after. Today, [...]

Gold Set for Biggest Monthly Gain of C21st, But Ends January with “Lackluster” Physical Interest in Asia

London Gold Market Report from Ben Traynor BullionVault Tuesday 31 January 2012, 09:00 EST U.S. DOLLAR gold bullion prices looked set to record their largest calendar month gain this century by Tuesday lunchtime in London. Gold prices hit $1745 per ounce – just less than 14% up on the Dollar gold bullion price set at the last London Fix of 2011. [...]