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Gold Technical Precious Metals (2010-04-19)

posted by jerome 769 days ago in USD, Technical, Gold made popular 768 days ago

Friday's candlestick pattern -bearish engulfing- proved the strong resistance that gold has met at 127% Fibonacci level for the BC leg of the duplicated bearish harmonic formation on the daily basis. Therefore, further negative actions could be s

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Oil and Gold Rising, Dollar Falling

posted by jerome 769 days ago in USD, Gold, Oil made popular 769 days ago

The declining dollar and increasing oil prices are stoking inflationary expectations as evidenced by gold’s move through upside resistance. Also note that gold has built an incredibly strong base over the last year which could give the metal one

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Yen Rises as China, Greece Speculation Spurs Demand for Safe

posted by jerome 770 days ago in JPY

The yen advanced against all of its most-traded counterparts as speculation China may take further steps to slow its economy and Greece may trigger a $61 billion rescue package spurred demand for relative safety.

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Oil Hits $100/bbl

posted by jerome 771 days ago in USD, Oil, Inflation made popular 771 days ago

Crude oil reached a record $100 a barrel and gold soared to the highest ever, leading a commodity surge as the dollar’s slump against major currencies enhanced the appeal of raw materials as hedges against inflation.

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US retail sales data was stronger than expected

posted by jerome 771 days ago in USD, Retail Sales

The dollar edged higher ahead of the US open on Wednesday, but was unable to make strong headway as resistance levels held. The US retail sales data was stronger than expected with a 1.6% in headline sales for March after a revised 0.5% increase

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Wheat, corn fall on strong dollar, planting weather

posted by jerome 771 days ago in USD, Agriculture made popular 771 days ago

Chicago wheat and corn futures eased around half a percent on Friday as a firming dollar weighed on the commodity markets amid reports of favourable crop weather boosting corn plantings across the U.S. corn belt.

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Sterling forecast may be wrong if Tory’s win

posted by jerome 772 days ago in GBP made popular 772 days ago

We are seeing a great deal of speculation on the market at present about sterling exchange rates improving following the general election, providing the Tories win. The main reason behind this assumption is that the city ‘favours’ a conservative

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Lower dollar pushes oil up

posted by jerome 776 days ago in USD, Oil made popular 776 days ago

Oil prices rose towards US$86 a barrel on Monday, buoyed by a drop in the US dollar and bullish data that showed Chinese crude imports jumping to their second-highest monthly level in March.

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Technically, USD Looks Set For A Down Phase

posted by jerome 776 days ago in USD, EUR, Technical made popular 776 days ago

Double bottoms in EUR/USD and cable and bullish breaks in AUD/USD and Gold after periods of consolidation, these factors cannot be ignored and with all four taken together it really does look like we should be preparing ourselves for a bearish US

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Precious Metals Prices Rally for Second Straight Week

posted by jerome 777 days ago in USD, Gold, Metals made popular 777 days ago

Bullion prices surged for a second straight week. In U.S. futures, palladium was the biggest weekly gainer at 4.5%. Gold came in second at 3.2% and registered a high of $1165.80 an ounce — a price not seen since Dec. 8. It found strength with spu

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Is The US Dollar Ready To Collapse?

posted by jerome 778 days ago in USD made popular 777 days ago

The people who our President wants to put on terrorist lists, or better yet has probably already put on terrorist lists, as you and me who speak up and demand our rights. Our government for the past 20 years has been the most corrupt in American

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House prices reach August 2007 levels

posted by jerome 778 days ago in GBP, Housing

The average house price reached the same level as that seen in August 2007 after house prices rose for eleventh consecutive month, according to the latest house price index from Acadametrics.

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