Euro Optimism Bursts On Greek Impasse, Sterling Reversal On Tap

By Admin on January 24, 2012

Talking Points Euro: Short-Term Reversal On Tap As Fears Of Greek Default Intensify British Pound: Finds Resistance, May Test 50.0% Fib On BoE Minutes U.S. Dollar: Index Eyes 61.8% Fib Ahead Of FOMC Rate Decision Euro: Short-Term Reversal On Tap AsFears Of Greek Default Intensify The Euro gave back the overnight advance to 1.3062 on [...]

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Guest Commentary: Gold & Silver Daily Outlook 01.24.2012

By Admin on January 24, 2012

Gold and silver continue their January upward trend. Yesterday other commodities also rallied along with the appreciation of the Euro against the USD. Today, the Euro Area Manufacturing PMI report will be published, the Canadian Retails Sales and BOE’s Governor will give a speech. Many look forward for tomorrow’s FOMC statement that could affect commodities [...]

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Oil Driven by Iran-Linked Jitters, Gold Finds Support in Inflation Bets

By Admin on January 24, 2012

Talking Points Crude Oil Price Action Overtaken by Iran-Driven Geopolitical Concerns Gold, Silver Appear to Reflect Rising Short Term Inflation Expectations Copper Weakness Hinted as S&P 500 Index Futures Signal Risk Aversion WTI Crude Oil (NY Close): $99.58 // +1.12 // +1.14% Geopolitical tension appears to be taking over as the main catalyst for crude [...]

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FOREX: Euro Bounce May Find Added Fuel in Flash PMI Data

By Admin on January 24, 2012

Talking Points US Dollar Mostly Flat in Overnight Trade, Aussie Underperforms Eurozone PMI Figures Likely to Support Corrective Euro Bounce S&P 500 Futures Down, Hinting at Possible Lifeline for US Dollar The US Dollar (Ticker: USDollar) consolidated against its leading counterparts in overnight trade, with the major pairs little changed heading into the European opening [...]

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Dollar Reengages its Bear Trend as Risk Trends, Euro Steady

By Admin on January 24, 2012

Dollar Reengages its Bear Trend as Risk Trends, Euro Steady Euro Traders Weary of Speculation Ignore Confirmation of No Greek Deal British Pound Nervous on Profit Warnings, A Return to Recession Japanese Yen: Bank of Japan Maintains Policy, Growth Forecasts Australian Dollar Shows Little Preparation ahead of CPI Data New Zealand Dollar has Another Data [...]

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