Crude Oil Climbs To $110 a Barrel on Positive U.S. Economic Data
April 15, 2011 8:22 pm by Yan PettersCrude oil rose for the third day in Friday following a better-than-expected U.S. Consumer Confidence and Industrial Production data. The positive data boosted optimism regarding the recovery pace of the world’s largest energy-consuming nation, and as a result supported demand ...
Euro Advances on Prospects Debt Crisis Will Be Contained
April 14, 2011 8:00 pm by Yan PettersThe euro climbed towards a 15-month high against the U.S. dollar on Thursday on estimations that the sovereign debt crisis will be contained, and following disappointing U.S. economic data.
Weekly Chart Indicates Silver Will Break Record High This Week
March 8, 2011 3:03 pm by Yan PettersSilver prices saw a little bearish correction yesterday and the precious metal fell from an all-time record high of $36.72 an ounce to as low as the $35.80 level. However, as the weekly chart indicates, the bearish move was nothing ...
Silver Corrects Gains, Might Fall To $35.0 an Ounce
March 7, 2011 5:55 pm by Yan PettersAfter going through an extraordinary bullish trend, silver prices have begun to show downward corrections as of today, dropping almost 100 pips. Silver peaked today at an all-time record high of $36.72, however, once American equity markets have opened, ...
Crude Oil Rally to Continue; Gold Rebounds to $1,437 an Ounce
March 7, 2011 7:29 am by Yan PettersIt is now safe to say that the past month’s most lucrative investment has been crude oil. Traders that opened a long position for oil on February 16th bought it at around $85 a barrel. If they kept the position ...
Silver Breaks a New Record High and Looks to Rise Further
March 4, 2011 3:57 pm by Yan PettersIt was only recently that silver broke an all-time high, reaching as high as $34.95 an ounce. Silver then saw a modest bearish correction and fell towards the $34.00 level. However today, after the U.S. NonFarm Employment Change release, silver ...
USD/JPY Targets the 84.50 Level
March 4, 2011 11:43 am by Yan PettersThe USD/JPY pair has been range-trading for the past ten weeks, shifting between the 81.00 and the 84.50 levels. The pair recently reached a significant support level yet failed to cross it. As a result, the USD/JPY began climbing upwards, ...
Daily Chart Indicates – The Price of Silver Is Expected To Continue To Rise
February 28, 2011 7:26 pm by Yan PettersAfter three weeks on which silver climbed about 8,000 pips, silver prices have stabilized, and for the past week have been trading around $33 an ounce. Nevertheless, there are currently several bullish signals on the 1-day chart, which indicate that ...
U.S. Pending Home Sales on Tap
February 28, 2011 6:47 am by Yan PettersAs we start a new week, the main issue that occupies the market remains the violence in Libya. The unrest has already compelled the nation to cut two thirds of its crude oil output. Despite the decrease in oil supplies, ...
USD/JPY Approaches Significant Support Level At 81.60
February 25, 2011 2:51 pm by Yan PettersThe USD/JPY pair saw a very strong bullish trend in February, reaching as high as the 83.96 level. However, once the pair climbed towards almost 84.00, a sudden correction took place which was only stopped at the 81.60 level. Currently, ...
