The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) remains 0.03 percent higher from the open after moving 105 percent of its average true range, and we may see the greenback consolidate throughout the North American trade as hopes surrounding the G8 Summit props up market sentiment. However, as the EU struggles to meet on...
US Dollar Makes a Break to 16-Month Highs as Fear Creeps In Euro: ‘Buying Time’ May Not Work This Time as Crisis Intensifies USDJPY Back Under 80.00 as EZ Concerns Grow; Where’s the BoJ? British Pound To Face Further Losses On Slowing Inflation, Dovish...
Talking Points Crude Oil, Copper May Rise Amid Profit-Taking on Risk Aversion Bets Gold and Silver Well-Supported on QE3 Hopes, Eurozone Instability Commodity prices are showing diverging performance in early European trade. Growth-sensitive crude oil prices are following shares lower but likewise sentiment-linked copper...
Talking Points Crude Oil, Copper Sold on Greece Woes – Fed Minutes Key Ahead Gold and Silver Vulnerable if Fed Minutes Dent QE3 Expectations Commodity prices are trading broadly lower in European hours as risk aversion grips financial markets, weighing on sentiment-linked crude oil...
Talking Points Crude Oil, Copper Have Scope to Recover as Greece Fears Digest Gold and Silver May Rise as US Dollar Retraces Recent Advance Commodity prices are on the upswing in early European trade, with markets beginning to show cautious signs of recovering risk...
Weekly Bars Prepared by Jamie Saettele, CMT Gold has broken below a major trendline (and channel) that extends off of lows in 2008, 2010, and 2011. Focus is now on the December low at 1522.50 and then support from May 2011 and resistance from...
Daily Bars Prepared by Jamie Saettele, CMT After a week of consolidation, crude has broken lower and focus remains on the December low at 9251 (50% retracement of rally from 7494 is at 9227). The next level of interest comes in at resistance from...