Gold prices have risen along with equity markets today. But nothing has changed fundamentally to suggest it is going to make a major comeback yet. So I reckon it will head lower again after this...
Gold is off to a good start to the week
However, the metal's fundamentals remain unfavorable in the long term
Technically, a test of the resistance area between $1660 to $1676 should be critical going...
Thursday’s rally was driven by short covering
Several such bullish reversals have failed this year
Strong CPI simply calls for more aggressive Fed hikes
After a sharp rebound in the aftermath of...
USD/JPY rises for 8 consecutive week
Yen's weakness persists; returns to pre-intervention levels
Watch out for more intervention and/or a sharp move in USD/JPY
The USD/JPY has climbed above the...
US index futures managed to bounce back by mid-morning London session and turned positive on the day ahead of the publication of US monthly jobs report. There were no fundamental drivers behind the...
Dollar and bond yields bounce back
Investors await key US data and question the ‘Fed pivot’ trade
Bulls must defend $1700 support or is game over
This morning saw gold and especially...
US index futures were up between 1.5% to 2.0% by mid-morning in the London session, tracking a sharp rally in European markets and extending gains from the day before. While there might be more juice...
Eurozone and German inflation hit double digits
Stagflation and energy crisis pose great risk to EZ economy
Fed continues hawkish rhetoric, keeping dollar supported on dips
The EUR/USD is likely to...
No fundamental justification for a market bottom yet
Dow has broken its corresponding summer lows, S&P likely to follow suit
Lower lows and highs mean short always preferred over long trades
Although...
GBP/USD crashed to a record low and then bounced
Fears over mismanagement of UK economy high, but will BoE act?
Volatility means lots of trading opportunities for short-term speculators
The pounding...