Silver in a Tight Range, Sees Support at $27.00 an ounce
November 25, 2010 1:27 pm by Natalie R.Silver followed a similar pattern to Gold over the past two days, declining slightly from yesterday’s New York closing price; spot silver is currently at $27.33, down 24 cents, having consolidated in a tight range this week. Silver has been ...
Gold Down but Steady in a Quiet Trading Day
November 25, 2010 1:21 pm by Natalie R.Following a modest decline yesterday, as tensions between North and South Korea eased, Gold is trading steady today as U.S. markets will be closed for the Thanksgiving holiday. Gold and other precious metals saw some moderate profit taking over the ...
EUR May See a Much Needed Recovery Today
November 24, 2010 10:02 am by Natalie R.Following a long bearish streak versus the CAD over the past few days, the EUR seems to be headed for a bullish correction. Forex traders are advised to take advantage of this knowledge by going long on EUR/CAD now.
Gold at Two Week High over Euro-Zone, North Korea
November 23, 2010 11:18 pm by Natalie R.Europe’s sovereign debt concerns and escalating tensions between North and South Korea boosted Gold prices to a two week high as investors fled to the safety of the metal. Political and economic uncertainty tends to benefit the commodity as it ...
Euro Recovers on Irish and EU/IMF Talks
November 18, 2010 9:01 am by Natalie R.Slight optimism is apparent in the markets this morning as European Union and International Monetary Fund officials travel to Dublin to discuss a possible aid package for the nation’s troubled banking sector. The Irish debt crisis is expected to be ...
Prelim UoM Consumer Sentiment Expected to Boost USD
November 12, 2010 3:22 pm by Natalie R.The EUR/USD pair has been experiencing very volatile trading this week and the trend is likely to continue throughout the day with the release of the Prelim UoM Consumer Sentiment and Prelim UoM Inflation Expectations. According to the report, U.S. ...
Markets May See Volatility Despite Slow News Day
November 11, 2010 11:20 am by Natalie R.Euro zone sovereign debt issues on the one hand, and the Federal Reserve resumption of bond buying programs on the other, continue to dominate market sentiment, causing great swings in currency levels, particularly the EUR/USD pair.
Fed Under Fire while Gold Surges to New Highs
November 9, 2010 3:35 pm by Natalie R.With growing criticism from home and particularly abroad, the Federal Reserve’s decision to pump additional $600 Billion to the U.S economy remains a center of controversy. The EUR/USD pair has seen fluctuations averaging 100 - 150 pips a day since ...
Bullish Correction Expected for the EUR
November 9, 2010 10:19 am by Natalie R.Following a sharp decline over the past few days, the EUR seems to be headed for a bullish correction. Forex traders are advised to take advantage of this knowledge by going long on EUR/CAD now, and at a great entry ...
Dollar Weakness in Focus for Non-Farm Payrolls
November 5, 2010 9:48 am by Natalie R.The highly anticipated Federal Reserve meeting did not disappoint, causing much market turmoil as the Fed announced it will purchase $600 billion additional debt over the next 8 months. The announcement sent the USD plunging versus riskier currencies and especially ...
