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During January, gold demonstrated its strongest performance in a single month since August 2011; for silver it was since July 2011. Gold price is currently 10.76% above its price from the end of 2011; silver has added 21.05% to its value. What were the driving forces for this rally in gold and silver during January? [...]
DJ FXCM Dollar Index Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 9770.26 9781.57 9724.83 -0.06 79.83% The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) remains 0.06 percent lower from the open after moving 80 percent of its average true range, and we may see the downward [...]
Trading the News: U.S. ISM Manufacturing What’s Expected: Time of release: 02/01/2012 15:00 GMT, 10:00 EST Primary Pair Impact: EURUSD Expected: 54.5 Previous: 53.9 DailyFX Forecast: 53.8 to 55.5 Why Is This Event Important: The U.S. ISM Manufacturing index is expected to increase to 54.5 in January and the fasters rate of production may spark a bullish reaction in the U.S. dollar [...]
The greenback is slightly softer at the close of North American trade with the Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) off by a fractional 0.9% on the session. Risk appetite quickly subsided at the open after weaker than expected US economic data saw risk assets come off sharply as the dollar pulled back above key support [...]
Daily Winners and Losers The New Zealand dollar is the strongest performing currency against a mixed greenback in early US trade with the pair advancing nearly 0.80 on the session. Risk appetite remained well supported in European trade before weaker than expected US economic data weighed heavily on broader market sentiment, [...]
Euro / Australian Dollar Daily Bars Prepared by Jamie Saettele, CMT After piercing channel resistance yesterday, the EURAUD has rolled over and focus is on the low at 12227. An objective moving forward is 12000, which is psychologically significant as well as a measured level (breakout level – width of consolidation = 12227 – [...]
We finally saw some holiday volatility on Wednesday as we had warned, with the Euro leading the way and eventually dropping below 1.2900 to stall just shy of the critical 2011 lows from January at 1.2870. There have been no specific fundamental catalysts to speak of for the risk off price action, but it seems [...]
DJ FXCM Dollar Index Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10022 10024.65 9930.53 0.73 134.87% The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is 0.73 percent higher from the open after moving 135 percent of its average true range, and the shift in trader sentiment [...]
Gold and silver started the last week of the year with moderate falls. Will this slow crawl down of precious metals continue this week? Today, the KOF Economic Barometer report will be published. Gold slightly declined on Monday by 0.65% to $1,595.5; silver on the other hand slightly declined by 1.18% to $28.74. The [...]
USD/JPY:The market has managed to successfully hold above the bottom of the daily Ichimoku cloud to further strengthen our constructive outlook and we look for the formation of a inter-day higher low by 76.55 ahead of the next major upside extension back towards and eventually through the recent multi-day highs by 79.55. Ultimately, only a [...]