Gold Fundamental Analysis May 21, 2012, Forecast
Analysis and Recommendations:Gold broke the down streak to move up in today’s session to end the week at 1590.15 up 15.25.
Spot gold rebounded on heavy trades yesterday, reversing the previous session’s losses, and posted its biggest daily
ForexLive: EUR/USD Ending on the Positive Side of the Fence
The EURUSD is closing the week on the positive side of the fence. On the chart above the price moved higher on (I guess) comments from EU leaders (Monti/Hollande). The power of some well chosen words can do wonders on a Friday afternoon....more.
Advocating Patience, Top Gurus Undaunted by Red Week
Over the past week, quite a few OpenBook traders and even a few gurus were caught on the wrong side of a trade or when the crisis in the Eurozone escalated well beyond investors’ comfort zone. The Euro trended lower and refused to retrace, much t
ForexLive: NZD/USD Breaking Below Trend Line Support
The NZD/USD has been on a one-way ride to the downside (11 of 13 days have been down) as traders exit risk in a world of increasing uncertainty....more.
ForexLive: The GBP/USD Wanders Back Down
The GBPUSD moved above the 100 and 200 day MA at 1.5826/1.5822 but could no sustain the momentum. The price was trying to hold above the 100 bar MA but that level has given way on the 5 minute chart (see above)....more.
Gold Fundamental Analysis May 18, 2012, Forecast
Gold reversed course today adding 38.75 to trade at 1574.85Gold futures extended the early gains tracking the bounce back in the global gold prices on bargain buying and strong euro.
Silver Fundamental Analysis May 18, 2012, Forecast
Silver moved up today to trade at 28.142 following in gold’s footstep. Silver virtually mimicked each move by gold today. The overall base metal group did well in today’s session as investors moved into a bit more risk, and shunned all European a
Natural Gas Fundamental Analysis May 18, 2012, Forecast
Natural Gas fell 0.080 to trade at 2.538 as investors enjoyed a bit of profit taking.Today’s inventory reports stated:
Working gas in storage was 2,667 Bcf as of Friday, May 11, 2012, according to EIA estimates. This represents a net incre
Crude Oil Fundamental Analysis May 18, 2012, Forecast
Crude Oil continued to decline trading at 92.28. OPEC continues to produce more than required supplies, helping make sure that there are no shortages or possibility of shortages, therefore intentionally creating a world glut, also with several st
Gold Forecast May 18, 2012, Technical Analysis
The gold markets had a massively bullish session on Thursday as the market shot up over $35 an ounce. The market has been massively bearish as of late, and this bounce would have been expected sooner or later. In fact, just yesterday we stated th
ForexLive: USD/CAD Breaks Back Below Channel Trend Line
The USDCAD is back into the channel after accelerating the trend higher on the move above topside trend line yesterday afternoon (see red area) and into the Asian session today (highest level reached since January 16th)...more.
Gold Continues Recovery From Range Support
As expected, the 1522-1530 range support provided a based for gold to recover after it fell sharply from around the central pivot of the range (the actual high was 1671.12). The concept of a range is that when the market is at resistance or suppo


