Panic – what panic? Not according to gold!
Panic – what panic. Not according to the price of gold and whilst other markets have seen extreme volatility with equities plunging, currency pairs opening […]
Market Analysis
Dr copper remains in intensive care!
Copper, like many other commodities holds a mirror to the Reuters Jeffries CRB index, which continues to wallow in a sea of bearish sentiment on […]
Oil price war continues as OPEC tighten the screw
As we come towards the end of another trading month, crude oil price remain firmly rangebound as OPEC’s policy of taking on the alternative energy […]
Round up of the currency majors as USD continues to remain weak
With the US dollar continuing to remain under pressure, despite last week’s positive jobs data, and with various central bank governors adding their weight to […]
There’s only one game in town for oil traders longer term!
For longer term oil traders, it is perhaps the weekly chart which sums up most concisely the current price action for the commodity, which could […]
Big moves on the USD index, JPY index and EUR index
It’s been another fascinating day on the forex markets with some big moves on the principle indices of the US dollar index, the yen index […]
Copper prices continue to fall and move below key support
The bearish trend for copper continued once again on Friday, with the commodity closing with a wide spread down candle and ending the week at […]
Signals were there on the CAD/USD daily chart
The recent rally for the CAD/USD which has seen the futures contract rally from the lows of late March in the 0.7820 region, to the […]
Copper and base metals falls on strong USD and weak Chinese data
Copper, along with several of the other principal base metals fell sharply this week as a resurgent US dollar drove many commodities lower, with both […]
US dollar finds some love at last
Last week was once again a bearish time for the US dollar which continued the longer term negative sentiment on the daily USDX chart, with […]
USD index, EUR index and JPY index all testing key levels
From a technical perspective, yesterday was another important one for the US dollar index on the daily chart, with the currency of first reserve weakening […]
Gold consolidating and moving to test key support…again
The extended consolidation phase for gold has continued once again this week with no end in sight just yet, and with bond markets now in […]
WTI oil continues to move higher ahead of inventories
It was another positive day for crude oil which continued its recent bullish momentum, moving firmly through the $60 per barrel price point to close […]
USDX at key tipping point this week
After the big fight at the weekend, the focus has shifted from Las Vegas back to Wall Street where the heavyweight contenders are now taking […]
CRB index now testing a key level
For commodities, and in particular some of the ‘premier league’ stars such as oil and copper, the last twelve months has seen sustained falls with […]
Mining and commodity stocks reflecting bullish momentum
With the CRB index now rebasing and base commodities starting to recover, mining and mining related stocks are now also reflecting the general uptrend, with […]
Bullish momentum continues for copper prices
Last week was another positive one for the price of copper, which continues to push its way higher, following the sustained downwards trend of 2014, […]
Oil builds bullish momentum following breakout
Much like gold, this was an interesting week for oil which until Thursday, had struggled to breach the well developed area of resistance that had […]