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FxWirePro: Silver surprisingly jumps above $17.00 mark, hits fresh 2-month high at $17.24 mark

FxWirePro: USD/CHF hits 4- month high, good to buy on dips

FxWirePro: EUR/JPY struggles at 100-DMA, good to go long on break above

FxWirePro: GBP/USD Trade Idea

FxWirePro: EUR/USD downside capped by 55- 4H EMA, good to buy on dips

FxWirePro: USD/CAD trades lower on rising crude oil, market eyes BOC rate announcement

FxWirePro: AUD/USD extends choppy trade below 100-DMA, bullish divergence keeps scope for upside

FxWirePro: EUR/KRW hovers around key support at 1,315 mark, sustained close below requires for downside rally

FxWirePro: EUR/AUD bounces off major trendline support with 'Dragonfly Doji' formation, stay long above 20-DMA

FxWirePro: Nikkei trades higher on positive global cues, good to buy on dips

FxWirePro: USD/ZAR slips below 12.00 mark, good to sell on rallies

FxWirePro: USD/JPY rejected at session highs, break below 5-DMA to see further weakness

FxWirePro: USD/INR trades in narrow range, faces immediate resistance at 65.79 mark

FxWirePro: EUR/GBP Trade Idea

FxWirePro: NZD/USD holds above 0.73 handle, kiwi supported as NZ inflation data meets expectations

FxWirePro: Kiwi rises in early Asia on robust CPI data, Australia’s employment data in focus

FxWirePro: GBP/CAD breaks out double bottom neckline - Bid buzzing bulls via one-touch calls upon bullish crossovers

FxWirePro: Gold Vs US 10 year bond yields

Wednesday, January 3, 2018 5:53 AM UTC
0
comments
  • Gold jumped almost $17 from the yesterday low of $1304.50 and hits fresh three-month high.  The main reason for jump is due to weakness of US dollar. US dollar index is trading weak for the past 12 days and closed below neck line support for two consecutive days. It is currently trading around 91.88. The yellow metal jumped till $1321.50 and is currently trading around $1313.
     
  • US 10 year yield rose almost 3% from low of 2.40% on strong US stock market and  also due to slight jump in European bond yields after positive comment from ECB board member. US yield and gold have negative correlation of 65% for the past one year and 82% for the past four months. So any further jump in yields will drag the yellow metal down till $1287 (10 – day MA).
     
  • On the higher side, gold is facing strong resistance at $1321 and any break above will take the yellow metal till $1331/$1339 (161.8% retracement).
     
  • The near term support is at $1302 (5- day MA) and any violation below will drag the metal to next level till $1295 (7- day MA) /$1287 (100- day MA). Minor weakness below $1270 (200- day MA). Any break below $1270 will drag the gold till $1260/$1243/$1236 (Dec 12th 2017 low).

It is good to sell on rallies around $1315-17 with SL around $1322 for the TP of $1302/$1295.  

 

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2018-04-19 10:19:13
0m
CZECHS SELL CZK 1.31 BLN OF 26-WEEK T-BILL VS CZK 0 - 5 BLN ON OFFER, DEMAND REACHES CZK 9.31 BLN
2018-04-19 10:19:03
0m
CZECH 26-WEEK T-BILL YIELD 0.5 PCT (PVS 0.5 PCT IN APRIL 5 SALE)
2018-04-19 10:18:32
0m
U.S. STOCK INDEX FUTURES LOWER; DOW AND NASDAQ FUTURES DOWN 0.1 PCT, S&P FUTURES DOWN ABOUT 0.2 PCT
2018-04-19 08:30:26
0m
HONG KONG MAR UNEMPLOYMENT RATE STAYS FLAT AT 2.9 % VS PREV 2.9 %
2018-04-19 08:30:09
0m
UNITED KINGDOM MAR RETAIL SALES EX-FUEL YY DECREASE TO 1.1 % (FCAST 1.4 %) VS PREV 1.2 % (REVISED FROM 1.1 %)
2018-04-19 08:30:07
0m
UNITED KINGDOM MAR RETAIL SALES YY DECREASE TO 1.1 % (FCAST 2 %) VS PREV 1.5 %
2018-04-19 08:30:06
0m
UNITED KINGDOM MAR RETAIL SALES EX-FUEL MM DECREASE TO -0.5 % (FCAST -0.4 %) VS PREV 0.4 % (REVISED FROM 0.6 %)
2018-04-19 08:30:03
0m
UNITED KINGDOM MAR RETAIL SALES MM DECREASE TO -1.2 % (FCAST -0.5 %) VS PREV 0.8 %
2018-04-19 08:00:07
0m
EUROZONE FEB CURRENT ACCOUNT NSA,EUR INCREASE TO 22.7 BLN EU VS PREV 12.6 BLN EU (REVISED FROM 12.8 BLN EU)
2018-04-19 08:00:05
0m
EUROZONE FEB CURRENT ACCOUNT SA, EUR DECREASE TO 35.1 BLN EU VS PREV 39 BLN EU (REVISED FROM 37.6 BLN EU)
2018-04-19 08:00:03
0m
POLAND MAR PPI YY INCREASE TO 0.3 % VS PREV -0.2 %
2018-04-19 08:00:01
0m
POLAND MAR INDUSTRIAL OUTPUT YY DECREASE TO 1.8 % (FCAST 2.9 %) VS PREV 7.4 %
2018-04-19 06:47:44
0m
JAPAN FEB CAPACITY UTIL IDX CHG MM INCREASE TO 3.3 % VS PREV -5.1 % (REVISED FROM -7.3 %)
2018-04-19 06:47:34
0m
JAPAN FEB INDUSTRIAL OUTPUT REV DECREASE TO 2 % VS PREV 4.1 %
2018-04-19 06:35:32
0m
CORRECTED-ITALIAN/GERMAN 10-YEAR BOND YIELD GAP AT 117.6 BPS, TIGHTEST SINCE LATE 2016
2018-04-19 06:35:20
0m
SOUTH KOREAN WON UNOFFICIALLY CLOSES ONSHORE TRADE AT 1,061.5 PER DOLLAR VS 1,068.7 AT PREVIOUS CLOSE
2018-04-19 06:35:07
0m
SEOUL SHARES UNOFFICIALLY CLOSE UP 0.30 PCT
2018-04-19 06:17:53
0m
ITALIAN/GERMAN 10-YEAR BOND YIELD GAP AT 176 BPS, TIGHTEST SINCE AUGUST 2016
2018-04-19 06:10:42
0m
GERMAN BUND FUTURES OPEN 2 TICKS LOWER AT 159.03
2018-04-19 06:09:54
0m
EUROSTOXX 50 FUTURES FLAT, DAX FUTURES FLAT, CAC 40 FUTURES UP 0.2 PCT, FTSE FUTURES UP 0.2 PCT, IBEX FUTURES UP 0.1 PCT
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Economics Monitor

April 19 08:30 UTC Released

HKUnemployment Rate

Actual

2.9 0

Forecast

Previous

2.9 0

April 19 08:30 UTC Released

GBFuel YY

Actual

1.1 %

Forecast

1.4 %

Previous

1.1 %

January 31 00:00 UTC 113010113010m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 113010113010m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 124830124830m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 113010113010m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 124830124830m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 113010113010m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 113010113010m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 113010113010m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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