A Longer Term Perspective On Silver
Whilst it’s been a torrid time for gold bugs, investors in silver have fared little better, with the metal falling from the dizzy heights of $50 per ounce, to currently trade at $19 per ounce.
Curve Ahead Market Strategies
Brent Nears $100 On Oversupply
Brent crude oil (BNO, quote) dipped below $101 on Monday morning after last week’s jobs data disappointed. The commodity traded at $100.81 at 4:50 GMT as investors worried about demand in an oversupplied market.
USDJPY Daily Analysis – September 8, 2014
USDJPY stays above the upward trend line on 4-hour chart, and remains in uptrend from 101.50, as long as the trend line support holds, the fall from 105.70 could be treated as consolidation of the uptrend.
GBPUSD Daily Analysis – September 8, 2014
GBPUSD’s downward movement from 1.6643 extended to as low as 1.6168.
AUDUSD Daily Analysis – September 8, 2014
AUDUSD upward movement from 0.9237 extended to as high as 0.9401.
Gold Futures Continue To Remain Heavily Bearish
For gold bugs, yesterday’s gold trading session was another of those which promised much but delivered little, as the precious metal attempted to rally early in the session, before the weight of selling pressure overwhelmed the beleaguered bulls once more. The pattern for gold is now becoming remorseless and repetitive, with bearish sentiment now dominating, and as each rally comes and goes, the metal moves ever lower on the longer
GBPUSD Daily Analysis – September 5, 2014
GBPUSD continued its downward movement from 1.6643, and the fall extended to as low as 1.6286.
EURUSD Forecast September 5, 2014, Technical Analysis
The EURUSD pair fell hard during the session on Thursday as the European Central Bank surprised that the markets with a slight rate cut.
AUDUSD Forecast September 5, 2014, Technical Analysis
The AUDUSD pair tried to rally significantly during the session on Thursday but failed.
Can Hong Kong Afford a Credit Rating Cut?
In its latest credit rating report on Hong Kong, Standard & Poor’s Financial Services LLC said that “although the political polarization surrounding Hong Kong’s (chief executive) election reform has sometimes made decision-making in the Legislative Council lengthier and more contentious than before, in our base-case scenario, we do not expect the tension to significantly affect the effectiveness of governance, given the government’s strong record and the likely pragmatic approach of