US Dollar Forecast – Dollar Tumbles Third Straight Week, Is the Long-Term Bull Trend Over? For data, the coming week is light for influence. Another round of Fed speakers will be on deck with the most influence for rate speculation. Euro Forecast - Did Draghi Finally Find a Recipe For Strength? For next week, we adopt a bullish stance on the Euro as positioning remains stretched to the down-side while prices have continued ...
Weekly price is on primary bearish market condition with the ranging within 100 period SMA and 200 period SMA area: Bear market rally was started in the beginning of the January this year - price broke 100 period SMA together with key resistance levels.Fibo resistance level at 1279.71 was tested the rice to above for the market rally to be continuing.Ascending triangle pattern was formed the price to be broken to above for the local uptrend as the bear market rally. ...
"Gold prices dropped from $1227 on Friday to $1202 per ounce on Monday which was slightly above the top end of the $1190 price zone. Could it be possible Monday’s price action was the secondary reaction we were looking for? Possibly, but be mindful that it may still be coming. Therefore, the door is still open for a rejection between current levels and $1291 which may lead to a sell off towards $1167-$1190 per ounce." "The bottom line is ...
In an interview with Kitco News, Harry Tchilinguirian, global head of commodity markets strategy at BNP Paribas, said that the bank is in no hurry to change its forecast and there is still a possibility for gold to drop below $1,000 an ounce. In January, the firm said that it expects gold prices to average $980 an ounce this year and $860 in 2017; and, Tchilinguirian said that fundamentally nothing has changed. In fact, the ...
Why Most Investors Hate Gold "We’ll be blunt: most financial asset investors really hate gold. Anything – even leaving money in the bank – is better than owning gold since at least society has access to your capital through the banking system. Once you buy physical gold, no one has access to that sliver of your portfolio." "First, when the S&P 500 drops 5% or more in one day. Second, when the CBOE VIX Index tops 40. And ...
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