Hi Mike - this is actually a dollar index based on a differet weighting of the currency basket. The DXY is heavily weighted to the euro which has approx 58% in the basket. The ones in the analysis use four currencies all equally weigthed at 25% each which gives a more balanced perspective on the dollar IMHO - nothing wrong with the DXY :-) all best Anna
Feb 18, 2014 1:07PM ET
That may well be the case, but no reason why you can't profit from the move higher & then the move lower - if that is what happens.
Dec 31, 2013 7:41AM ET
Hi - thanks for your comment. It does rather depend on your trading time horizon! Have a Happy New Year,
Nov 26, 2013 7:07AM ET
Bunds are instruments in their own right & can be traded accordingly.
Jul 03, 2013 7:28AM ET
Hi - thanks for your comments. Oil is highly sensitive to geopolitical events - so even if economies not doing well - it will always react to any "potential' disruption. Situation in Egypt fits this theory & we only have to consider Egypt's position in terms of supply route for oil - ie the Suez Canal. To a lesser extent there is also the oil stats due out later today which are projected to come in at a draw. . Since the above post oil has indeed broken through $100 per barrel on big volume. Hope this helps.
Jun 27, 2013 8:13AM ET
Couldn't agree more!
Jun 26, 2013 9:54AM ET
HI Guys - thanks for your comments - always much appreciated. Price almost at 1220 which may provide interim support. However, on monthly chart gold may look to re-test 1050 per ounce.. Yes, ve3tru - market is highly manipulated (but then so are the others!). The time may be coming when physical market will determine gold price - not futures, so moving into the metal itself makes good sense.
Jun 26, 2013 9:52AM ET
Thanks for the comments guys - always much appreciated. Price almost at 1220 where it is likely to pause but given its current strong downside momentum we could even see it move to re-test 1050 per ounce. . Yes, ve3tru - gold market is highly manipulated (like all the others). We may also see price of gold determined by physical & not futures so moving into the metal itself makes much more sense.
May 16, 2013 6:20AM ET
Hi - well I did suggest the recovery was looking weak - no set to test $1350 per ounce again - unfortunately we just have to be patient. The key with gold is that the buying volumes did not signal the big operators buying, and therefore the move higher was simply a trap up move with no/low volumes. Its fine to trade for intraday speculators, but for longer term trend trading, we're not at the bottom just yet - best regards Anna
May 16, 2013 6:18AM ET
Well - I did suggest that the recovery was looking weak, now about to test the $1350 per ounce region - regards Anna
Apr 17, 2013 3:39AM ET
Hi Jim - Many thanks for your comment . The volume at price histogram applies at the price across the chart & therefore gives us a visual representation of price support and resistance at that level. Hope this helps. Anna
Feb 08, 2013 3:06AM ET
Hi -many thanks for your comments. Technical weakness on the daily chart had already been signaled by the shooting star candle of the 1st Feb & yesterday's price action was a validation helped along by the fundamentals with the pullback moving towards the weekly support in the 1.3360 area which appears to be holding for the time. If you are an intra day trader this is your "big picture" - in other words eurodollar is pulling back & you would trade accordingly. Hopes this helps & thank you for taking the time to comment. Have a great day's trading. Anna
Feb 06, 2013 2:27AM ET
This is what makes trading so fascinating - we will just have to wait and see.
Feb 06, 2013 2:26AM ET
This is what makes trading so fascinating - two completely interpretations of the same chart. Let's just wait and see.
Dec 21, 2012 3:37PM ET
To answer second part of your question - if fiscal cliff resolved then traders & investors will move back into riskier assets such as equities & out of gold.
Dec 21, 2012 3:35PM ET
You also have to remember that silver is not considered a precious metal but is classified as an industrial metal. So, when economy is doing well silver prices will increase. In addition, with gold so high many are turning to silver as an alternative.
Nov 28, 2012 5:32AM ET
well - we'll just have to see what happens - have a great trading day
Nov 26, 2012 3:18AM ET
Thank you much appreciated. As you may know silver is classed as an industrial metal (not precious) so will also rise when economy is likely to expand or doing well.