Gold Gains Calmly

Gold price continued to rise gradually and quietly, where it managed to close yesterday’s trading above 1660.00, and that reinforces our expectations of the intraday bullish trend which are targeting 1670.00 followed by 1683.00. Continue Reading...

By Yasir Mubarak

Crude Oil Builds New Support Base

Crude oil succeeded in achieving the first waited target at 97.50, and offered a daily close above 97.00, to get a new support base for the price to lean on it, which reinforces our expectations of continuing the bullish trend on the short term basis, and the target now is 98.40. Continue Reading...
By Yasir Mubarak

Oil And Gold Analysis : January 31, 2013

Crude oil futures rose in U.S. trading on Wednesday after investors digested U.S. fourth-quarter gross domestic product figures and concluded that the broader economy remains healthy despite an overall contraction. Rising inventories dampened spirits, however. The U.S. economy shrank in the fourth quarter though energy markets viewed the numbers with cautious approval. Continue Reading...

By ICM Brokers

Gold Climbs as Safe Haven

Gold Climbs as Safe Haven

Gold ended higher yesterday, as prices rallied after news that the US economy shrank in the fourth quarter buoyed the metal’s appeal as a safe haven. Gold is trading this morning in the Asian session at 1680.55 giving back a bit of yesterday’s gains. Gold holdings of SPDR gold trust, the largest ETF backed by the precious metal, declined to 1,328.09 tons, as on Jan 30. Continue Reading...

By FX Empire Analyst - Barry Norman

Crude Oil and Natural Gas Wait For US GDP

WTI crude oil rose more than 1% yesterday, exceeding gains in Brent crude, after strong U.S. housing market data bolstered confidence that economic growth and fuel demand were accelerating. Oil traders have been monitoring economic numbers for signs of a potential improvement in fuel demand. Markets awaited the outcome of a two-day Federal Reserve policy meeting as well as first estimates for fourth-quarter gross domestic product in the United States due later today.Continue Reading...

By FX Empire Analyst - Barry Norman

Metals Climb on Chinese Data as Precious Metals Ease

This morning gold has dipped by $5.00 to trade at 1681.55 easing down as traders are looking for more risk. This morning Chinese HSBC data supported markets with the print release above expectations showing that the Chinese manufacturing sector was expanding faster than expected. A successful vote in the US with lawmakers passing a temporary delay and suspension of the debt ceiling allowing the Treasury to fund the government and easing tensions. Gold traded mostly flat near the one month high it hit in the previous session buoyed by the monetary stimulus from the central banks. Snapping a seven day rise, spot silver dipped too.  The optimistic economic outlook is likely to dim the safe haven appeal of bullion. Reversing morning session losses, base metal complex on the LME rose with lead zinc and aluminum gaining the most. LME copper remained in the vicinity of an eleven-day high. While, the physical buying in China is quiet ahead of the Lunar New Year holidays.Continue Reading...

January 24, 2013 7:15 (GMT) | By FX Empire Analyst - Barry Norman

Crude Oil Set-up for Short-term Break

Despite lower demand for higher risk assets, March crude oil is trading slightly better on Monday. The inability to follow-through to the upside following this move appears to have been a failed attempt to breakout over the recent high at $96.92. The sideways trading action also suggests a distributive chart pattern which is often indicative of a topping formation.

Two moves will determine the short-term direction of the market. The first is the close. A lower close will be a sign of weakness. The second is the Fibonacci price level at $95.68. A close under this level will indicate the presence of selling pressure.Continue Reading....

 January 28, 2013 15:37 (GMT) | By FX Empire Analyst - James Hyerczyk

China car sales under threat from road congestion

Worsening traffic congestion is likely to spur more Chinese cities to introduce policies that may hit car sales but generate additional revenue for local governments, according to a UBS research report released Tuesday.

The analysts said policy restrictions were the main risk to car sales, with growth in demand for private vehicles expected to halve to 7% between 2013 and 2015 under a worst-case scenario.Continue Reading...

NZD/USD soars on trade deficit news

After sliding against the U.S. dollar in Monday’s Asian session, the New Zealand dollar snapped back against Tuesday on the back of the trade deficit report.

In Asian trading Tuesday, NZD/USD soared 0.24% to 0.8362. The pair was likely to find support at 0.8207, the low of January 7 and resistance at 0.8369, the high of January 21.Continue Reading...

By Investing.com  |  Forex News  |  Jan 29, 2013 04:28AM GMT

Gold, Silver and Copper Trading Up Ahead of FOMC

Gold continued to gain in Asian trading on Tuesday morning adding over $5.00 (1660.65) ahead of the FOMC meeting beginning today. Bullion edged up on Monday but struggled to break away from a two-week low hit in the previous session, with a brighter global economic outlook dampening the metal’s appeal as a safe haven. EU leaders have spent the last week talking up the euro saying that the euro zone crisis is stabilizing while the U.S. recovery is gaining traction helped drive investors to the higher-yielding equity market. Investors will closely watch the Federal Reserve’s policy meeting which starts today as well as a string of data on employment, economic growth and consumption, to gauge the pace of recovery in the world’s largest economy. The US dollar traded flat yesterday having little effect on the value of the commodity.Continue Reading....

 January 29, 2013 5:58 (GMT) | By FX Empire Analyst - Barry Norman

Dollar extends gains against the Japanese yen

The U.S. dollar added to gains versus the yen in Asia Friday as disappointment over the Bank of Japan’s recent policy decisions gave way to expectations for further monetary easing.Continue Reading...

By V. Phani Kumar, MarketWatch

US GOLD OPEN - Gold temporarily out of vogue during risk rally

Gold futures broke below key technical levels Thursday as traders chose to add risk to their portfolios at the expense of traditional safe-havens.

Gold for February delivery on the Comex division of the New York Mercantile Exchange was last down $14.80 at $1,671.90 an ounce. Trade has ranged from $1,671.00 to $1,685.80.

“A pattern of lower highs on the charts might leave the bear camp in gold with a bit of a technical edge today,” the CME Group said in a market commentary.Continue Reading...

By: Tom Jennemann    Orlando, Florida 24/01/2013

Increased Demand for Riskier Assets Sends Gold Prices Lower

After consolidating for several days, February gold broke sharply to finish a little over 1% lower. News of improving economic conditions in China and the U.S. sent the dollar higher, tarnishing gold’s appeal as a safe haven alternative investment. Continue Reading ...

Gold and Silver Diverge as Industrial Metals Gain Momentum

Gold prices inched higher to 1692.45 this morning slowly moving towards the 1700.00 price level, as Bank of Japan doubled its inflation target to 2% and made an open‐ended commitment to buy assets, going against expectations that called for only an incremental increase to its US$1.1 trillion buying program. On currency front, the euro traded on a strong note, supported by reports that German investor confidence readings increased to their highest level in 2 1/2 years in January.Continue Reading

January 23, 2013 6:42 (GMT) | By FX Empire Analyst - Barry Norman 

Crude Oil Demand Expected to Increase on US Vote and BOJ Stimulus

Crude oil prices have once again breached the physiological level of US$96/bbl. WTI oil prices are well poised to test further high of $98 as there seems to be a strong buying support around the current levels. Crude oil prices were supported by Bank of Japan plans for asset buying and strong investor confidence data from Germany that boosted the outlook for fuel demand. ECB’s positive outlook for the euro zone also raised hopes of global recovery in 2013 and pushed prices higher. The US dollar has strengthened in overnight trading, which is weighing on prices. Traders have also been booking profits ahead of inventory releases.Continue Reading...

 January 23, 2013 6:59 (GMT) | By FX Empire Analyst - Barry Norman

Traders defend EUR/USD range tooth and nail

EUR/USD, despite displaying a wild range on Tuesday, remains bottled up in a +140 pips range comprised between 1.3260 and 1.34. Once the pair breaks one of the edges, expect higher participation in this market.Continue Reading...

Wed, Jan 23 2013, 05:45 GMT | FXstreet.com

Gold pares U.S. gains following BoJ stimulus news

Gold futures fell slightly during Wednesday’s Asian session, paring gains notched during Tuesday’s U.S. session after the Bank of Japan announced more easing measures.

On the Comex division of the New York Mercantile Exchange, gold for February deliver slipped 0.03% to USD1,692.65 per troy ounce in Asian trading Wednesday. During U.S. trading Tuesday, the yellow metal settled up 0.39% at USD1,693.65 a troy ounce.Continue Reading...

By Investing.com  |  Commodities News  |  Jan 23, 2013 02:29AM GMT

Crude Oil and Natural Gas Trade in Positive Territory

Crude oil is on the positive side but trading flat this morning after the Bank of Japan doubled its inflation target to 2% and said that it will adopt open ended commitment to buy assets. The BOJ maintained its overnight call rate target at a range of zero to 0.1 percent by a unanimous vote.Continue Reading...

Posted January 22, 2013 7:10 (GMT) | By FX Empire Analyst - Barry Norman

EUR/USD has a daily range to resolve

After the semi-state of vegetation from Monday, in which the Euro exchanged hands vs the US Dollar in a comatose 1.33-1.3330 range in 24 hours of trading, the action is set to return to the market, with the much anticipated BoJ monetary policy decision out of the way and the US market re-opening after Martin Luther King festivity. Continue Reading....

Tue, Jan 22 2013, 05:25 GMT | FXstreet.com

Bank of Japan adopts firm target of 2% inflationBank of Japan adopts firm target of 2% inflation

The Bank of Japan on Tuesday announced a major change in its policy stance, adopting a target to achieve a 2% increase in consumer prices and saying it will now conduct its asset purchases on an “open-ended” basis to boost its monetary stimulus. Continue Reading....

Jalatama Daily Analysis 2013-01-22

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Market’s geared up for Apple, Google results

Tech heavyweights Apple Inc., Google Inc., International Business Machines Corp. and Microsoft Corp. are scheduled to release quarterly results next week, and with gloomy expectations for earnings for the sector, investors will be keen to hear the companies’ forecasts.Continue Reading...

By Carla Mozee, MarketWatch

Germany: Producer Price Index rises less than expected, to 1.5% in December (YoY)

- A monthly contraction by -0.3%, instead of 0.0% in December, resulted in an annualized rise from 1.4% to 1.5%, which comes in lower than market consensus was forecasting, 1.7%.

Mon, Jan 21 2013, 07:15 GMT | FXstreet.com

Forex - USD/JPY dips following Hamada comments

The Japanese yen gained strength against the U.S. dollar on Monday as the Bank of Japan kicked off a two-day meeting. Comments by an aide to Prime Minister Shinzo Abe about the yen weakening too rapidly against the greenback may be bolstering the Japanese currency. Continue Reading...

By Investing.com  |  Forex News  |  Jan 21, 2013 03:28AM GMT

India oil stocks surge on diesel-price increase

MUMBAI--Stocks of India's oil companies surged Friday, with investors expecting better financial results after the government moved to partially free diesel prices.

Indian Oil Corp. jumped 10.8% to 350 rupees ($6.49), Bharat Petroleum Corp. was up 8.2% at 428.50 rupees and Hindustan Petroleum Corp. gained 6.5% to 368.10 rupees.Continue Reading




By Gurdev Singh

Thomson Reuters Survey Says Gold Could Top $1900

A new outlook and revision released yesterday to its Gold Survey 2012, Thomson Reuters GFMS said it expects gold to extend its more than a decade long bull run in 2013, with prices potentially testing $1,900 per ounce in the first half of the year, as solid demand for the metal from central banks and from opportunistic buyers in India and China outweighs a “sizeable bearish contingent” in the market. This report helped give markets a boost as gold broke above the 1680 price level. Gold futures declined, pulling back after gains over the past two trading sessions, but ontinue Reading

Gold Soars Close to 1700

Early morning the Chinese industrial production, retail sales and GDP data all turned out to be higher and supported optimism in riskier assets including base metals. The Asian equities have braced the positive news supported by better US equities performance yesterday. Precious metals prices climbed to one month high yesterday as a weak reading on Philly Fed manufacturing underlined the view that U.S. growth may not be robust enough for the Federal Reserve to pull back on its accommodative monetary policy.Continue Reading ...

British Pound Weakens on World Bank Downgrade

The Sterling broke for the fourth consecutive day since topping at 1.6179 after the World Bank cut its global growth forecast for 2013. Investors are now pricing in the possibility of additional stimulus which tends to weaken the currency. Continue Reading...

The EUR/USD Wanes As World Bank Lowers Growth and Forecast

The euro has been bouncing up and down on words from European leaders. The euro regained ground against the greenback yesterday after an ECB policymaker soothed investor concerns that officials might take steps to undermine the currency’s recent strength. ECB member Ewald Nowotny said the exchange rate was “not a matter of major concern”, contrasting with comments from Eurogroup head Jean-Claude Juncker who on Tuesday prompted investors to sell the euro by saying it was “dangerously high”.  The euro is trading at 1.3280 as it continues to lose momentum against the US dollar. There is no eco data due in the zone today. Yesterday, the Federal Reserve presented the “Beige Book” which showed the US economy is good shape and “expanding”. Continue Reading...

Gold futures slip amid mildly higher dollar

OPTIMISM RETURNS TO CHINA PROPERTY MARKET

 Gold futures slipped in Asia hours on Thursday, pressured by a somewhat stronger dollar, with investors waiting for data due out at the end of the week on the health of the Chinese economy.

Gold for delivery in February GCG3 -0.13%   declined $3.60 to $1,679.60 an ounce in electronic trading on the Comex division of the New York Mercantile Exchange.Continue Reading...

By Sarah Turner, MarketWatch

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Dollar weakens, extends losses against yen

The dollar declined broadly on Wednesday, with the yen notably making fresh headway against the greenback after reports that the country’s economics minister will attend the next meeting at the Bank of Japan.Continue Reading...

By Sarah Turner, MarketWatch

Forex - AUD/USD dips after World Bank cuts growth forecast

The Australian dollar dipped lower against its U.S. counterpart on Wednesday, as markets were jittery after the World Bank cut its forecast for global growth in 2013. 

AUD/USD hit 1.0547 during late Asian trade, the session low; the pair subsequently consolidated at 1.0558, easing 0.07%. Continue Reading....

By Investing.com  |  Forex News  |  Jan 16, 2013 07:52AM GMT  | 

Gold Continues To Rise

Gold ended Tuesdays trade near a two-week high, supported by signs of inflation in Japan while reports that Germany may bring its gold reserves home renewed questions over its plans for the currency of last resort. Germany’s central bank will repatriate some of its massive gold reserves stored in vaults in the United States and in France, a business daily reported on Tuesday. The Bundesbank’s overall reserves of 3,400 tons are worth about $200bn at current market rates.Continue Reading

Posted January 16, 2013 7:13 (GMT) | By FX Empire Analyst - Barry Norman

Crude Oil Rebounds in Asian Session

Crude Oil continued to surge this morning, trading at 94.58 after dipping late on Tuesday as traders booked profits and a disappointing Empire State release. Global sentiment looks positive and traders are comfortable to add more risk in their portfolio with eco data supported growth in the US and China, one can expect increase in crude oil demand. With more easing coming in Japan, creating new jobs, the demand for energy should be increase.  A weaker US dollar makes the   commodity more attractive in terms of value to international investors Continue Reading

Posted January 16, 2013 6:58 (GMT) | By FX Empire Analyst - Barry Norman

Forex: GBP/USD back and forth ahead of UK prices data

FXstreet.com (Barcelona) - The GBP/USD is mostly trading in a back and forth manner ahead of the UK prices report in December, due at 09:30 GMT. During these latest hours, the pair has been holding at 1.6065/70, while failing to extend an upside above 1.6090. 

December CPI inflation is expected to rise 0.5% (MoM) and stay unchanged at 2.7% on the yearly figure. Both monthly input and output PPI figures are expected to come in at 0.0%, and annualized data to rise to 0.3% and 2.4%, respectively. UK retail prices should rise 0.5% (MoM). Continue Reading...

Tue, Jan 15 2013, 08:53 GMT | FXstreet.com

Gold futures tick higher in Asia trading

Gold futures ticked higher in electronic trading Tuesday, building on gains made in the previous session, to trade just over the $1,670-an-ounce mark.

February gold GCG3 +0.70%   rose $1.60 to $1,671.20 an ounce in Asia electronic trading.

Martin Hennecke, associate director at independent investment advisory firm Tyche Group, sounded an optimistic note on gold Tuesday, citing stronger gold interest in Japan amid a rising inflation outlook there.Continue Reading

By Sarah Turner, MarketWatch

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Forex: EUR/USD prints fresh 10-month high at 1.3404

FXstreet.com (Barcelona) - It was 02:20 GMT when Chicago FED Evans started a conference board in Hong-Kong, with Tokyo markets closed over holidays, and EUR/USD broke above previous session and past Friday's highs around the 1.3366. It pulled back a bit after it, and shot to fresh 10-month highs at 1.3404, last at 1.3391, taking some breath.

With FED Chairman Bernanke due to speak at the University of Michigan right at the NY close time at 21:00 GMT later in the day, focusing all market's attention, Fed Evans words pushed USD to the downside across the board, except against Yen, that printed a new 30-month high in early trade at 89.67 USD/JPY.Continue Reading...

Mon, Jan 14 2013, 03:27 GMT | FXstreet.com

Oil Soars in Asia; looks for sixth straight weekly gain

Oil futures moved higher in the early part of Monday’s Asian session, rebounding from a downbeat finish to last week. 

On the New York Mercantile Exchange, light sweet crude futures for delivery in February climbed 0.51% to USD94.47 per barrel in Asian trading Monday. Monday’s bullishness follows a 0.1% loss in the U.S. last Friday, but crude futures gained 0.7% for the week and that was good for the fifth consecutive weekly gain. Continue Reading...

By Investing.com

Gold trades slightly higher in Asian trading

Gold futures rose modestly in the early part of Asia’s Monday session following a glum performance to end last week. 

On the Comex division of the New York Mercantile Exchange, gold futures for February delivery added 0.2% to trade up to USD1,663.85 per troy ounce in Asian trading Monday. In U.S. trading Friday, gold slumped 0.9%. 

Gold prices were likely to find support at USD1,626.05 a troy ounce, the low from January 4 and resistance at USD1,680.95,the high of December 30. Continue Reading...

By Investing.com

Crude oil futures - Weekly outlook: January 14 - 18

 Crude oil futures ended Friday’s session lower, retreating from a four-month high after data showing growing inflation pressure in China dampened hopes for fresh stimulus from the world's second largest oil consumer.

On the New York Mercantile Exchange, light sweet crude futures for delivery in February declined 0.1% Friday to settle the week at USD93.72 a barrel by close of trade. Continue Reading...

By Investing.com

Global Currencies Prepare for Mr. Draghi

Global Currencies Prepare for Mr. Draghi

The USD edged up yesterday as the US corporate earnings season got off to a positive start with Alcoa releasing positive numbers and revising forecast upwards. Investors are now waiting for today’s European and British central bank monetary policy meetings. The euro bought $1.3061 yesterday and declined in the Asian session to $1.3049. Weak eco data from the eurozone also weighs on the currency. 
The dollar climbed to 88.08 yen and rose against the Swiss currency, to 0.9263 francs from 0.9241 francs. Sterling also eased against the greenback to trade at 1.6014. Continue Reading...

By FX Empire Analyst - Barry Norman

Gold futures spike to session high as Draghi speaks

Gold futures rose to the highest level of the day during U.S. morning trade on Thursday, as the U.S. dollar came under heavy selling pressure after European Central Bank President Mario Draghi revealed the ECB was unanimous in its vote to leave interest rates unchanged.

On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,670.55 a troy ounce during U.S. morning trade, up 0.9% on the day. Continue Reading

By Investing.com

Gold gains as ECB leaves benchmark lending rates unchanged

Gold prices shot up on Thursday after the European Central Bank voted unanimously to leave interest rates unchanged at 0.75%, sparking a risk-on trading session that sent the U.S. dollar tumbling and the euro gaining, a recipe for a gold rally. Continue Reading...   

by Investing.com

Gold slightly lower in Asia ahead of central bank meetings

Investing.com - Gold futures slipped fractionally in the early part of Thursday’s Asian session following a small loss during Wednesday’s U.S. session. Traders are undoubtedly somewhat pensive ahead of a pair of marquee central bank meetings later today. Continue Reading

By Investing.com

Dollar makes more headway against yen

Euro, sterling trade lower ahead of rate decisions

SYDNEY (MarketWatch) — The dollar made further headway against the Japanese yen Thursday, prompting one broker to sharply lift its target for the currency pair.

Broadly, the ICE dollar index DXY -0.30% , which measures the greenback against a basket of six other currencies, reached 80.628 Thursday, up from 80.514 in late North American trading on Wednesday. Continue Reading...

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London's subway network marks 150th anniversary

The London Underground, the oldest subway system in the world, is marking the 150th anniversary of the first train to run on the network.

By Sarah Turner, MarketWatch

Silver dipped a bit today following precious metal as prices eased down.

Silver Fundamental Analysis January 10, 2013 Forecast

Silver Fundamental Analysis January 10, 2013 Forecast

Analysis and Recommendations:

Silver dipped a bit today following precious metal as prices eased down. Silver is trading at 30.197 holding the 30 price level. There were no direct cause for market movement today, just shifting of sentiment ahead of Thursday ECB meet and the following press conference. Mr. Draghi has a way to sending the euro skywards, which might push down the dollar and support an upswing in precious metals. Continue Reading...

By FX Empire Analyst - Barry Norman 

Crude Oil is trading at 93.45 adding .30cents today.

Crude Oil Fundamental Analysis January 10, 2013 Forecast

Crude Oil Fundamental Analysis January 10, 2013 Forecast

Analysis and Recommendations:

Crude Oil is trading at 93.45 adding .30cents today. There is really no strong news or data to help support a price increase except for traders positioning themselves ahead of today’s EIA inventory release due in just a few minutes. The report will be printed at the bottom. (Prices are expected to decline as the inventory showed an increase of 1.3million barrels) Continue Reading...

By FX Empire Analyst - Barry Norman 

Gold Fundamental Analysis January 10, 2013 Forecast

Gold Fundamental Analysis January 10, 2013 Forecast

Analysis and Recommendations:

Gold was up and down today, trading now at 1656.05 falling 6.15. Caution prevailed in the market ahead of the central bank meeting and as the US earning season began with Alcoa printing strong results. Commodities lacked direction as investors choose to stay on the sidelines ahead of the European Central Band meeting and rate announcement on Thursday and also eyed the earning reports to obtain fresh cues on the economy. Gold in the international market was seen inching up while base metals were trading steady. Although gold drifted downward after the US open, there was no positive trend and little market direction. Continue Reading...

By FX Empire Analyst - Barry Norman

Gold fell after rallying yesterday session

Gold slipped on Wednesday, fell back after a sizable advantage in the previous session, as a stronger dollar and rising U.S. equity markets lure investors away some of the precious metal.

Gold for February delivery traded down $ 4.60, or 0.3%, to $ 1,657.60 an ounce on the Comex division of the New York Mercantile Exchange. Gold jumped $ 15.90 per ounce, or 1%, and closed at $ 1,662.20 on the session Tuesday amid signs of growing demand in Asia.

Gold slipped Wednesday as the dollar rebounded against the yen after a brief corrective rebound to make it stronger Japanese currency. The euro also fell against the dollar ahead of the monthly policy meeting of the European Central Bank on Thursday.

Some analysts see continued demand for gold from China to support the increase.

In other metals trading, silver for March delivery fell 22 cents, or 0.7%, at $ 30.25 per ounce, while March copper was trading up 3 cents, or 0.9%, to $ 3.71 per pound. April platinum rose $ 5.30, or 0.4%, traded at $ 1,588.50 an ounce, while March palladium rose $ 12.35, or 1.9%, at $ 680.20 per ounce.

Euro Pressured Ahead of ECB Meeting

The weakening euro continues to the second straight session against the U.S. dollar ahead of the European Central Bank policy meeting on Thursday. Although analysts predict the ECB will keep interest rates unchanged, some investors and economists are still unsure if the rate cut is still possible this year.

Market participants are also wary of the press conference after the ECB President Mario Draghi policy announcement, which could potentially affect sentiment Euro.

Hang Seng Closed Rises, Rebound After Correction 2 Days

Hong Kong shares to trade on Wednesday (9/1) shut up and continue the trend of rebound since early morning. Strengthening exchanges also caused by an increase in trading volume after the last two trading days the stock has decreased.

Hang Seng Index rose by 0.46% to 23218.47 basis points. While the index futures experienced flat at position 23 234 basis points, with the support level at 22,672 points and resistant level at 23 446 points.

Stocks that such increase is China Unicom shares rose 3.15% to 13.08 hkd, PetroChina shares rose 0.18% to 10.92 hkd and CCB shares rose 0.78% to 6.43 hkd.

According to the analysis, the Hong Kong stock market movement for the day is expected to be still more likely to increase and will possibly reach the level of 23 300 basis points back.

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Gold futures slipped Wednesday

Gold futures pull back a touch after gains

SYDNEY (MarketWatch) — Gold futures slipped Wednesday, as investors paused after pushing the precious metal sharply higher in Tuesday trading.

Gold for February delivery GCG3 -0.21%  traded down $3.10, or 0.2%, at $1,658.90 an ounce in electronic trading during Asian hours. Continue Reading...

By Sarah Turner, MarketWatch

Eight smart trades if China goes bust

French bank Société Générale outlined Tuesday what it said was an unlikely but not out-of-the-question scenario of a disastrous “hard landing” in China.

While not its base case (SocGen thinks China’s economy will grow 7.3% this year), the bank said it was concerned global investors were too complacent about everything working out smoothly for the Chinese economy. Its own survey found that most respondents thought the “worst reasonable case” for Chinese growth this year was a slowdown to growth of between 5.5% and 7%.

However, there are concerns that things could go wrong. Continue Reading...

From MarketWatch by Chris Oliver

On Tuesday, trading remained quiet and uneventful in all markets

The eco calendar is again thin today

On Tuesday, trading remained quiet and uneventful in all markets, as they continued to digest last week losses (bonds) and gains (equities). So, global core bonds corrected somewhat higher while equities dropped modestly lower. No technical relevant levels were breached or even approached. Peripheral EMU bonds traded mostly sideways (see below). Technical factors (oversold/overbought conditions ) may have played a role intraday. Both the German and US yield curve flattened. Continiue Reading...

From FX Street by KBC Market Research Desk | KBC Bank

EUR/USD Rises Ahead of ECB Meeting

The EUR/USD finished higher in a quiet trade. Today’s move showed very little follow-through to the upside, following Friday’s reversal bottom. This may be an indication that short-covering rather than a change in sentiment was the driving force behind Friday’s upside action. Continue Reading...

By FX Empire Analyst - James Hyerczyk