Image by AFP via @daylife The World Gold Council (WGC) reaffirmed the power of the Love Trade in its 2011 Gold Demand Trends report released this week. Gold demand grew 0.4% in 2011 despite a 28% year-over-year increase in bullion’s average price. After flirting with the top spot for some time, China emerged...
Talking Points Euro: EU’s Rehn Pledges To Strengthen Firewall Amid Slowing Recovery British Pound: Maintains Range Ahead Of 4Q GDP, BoE’s Miles Supports More QE U.S. Dollar: Index Maintains Upward Trend, 61.8% Fib In Sight Euro: EU’s Rehn Pledges To Strengthen Firewall Amid Slowing Recovery The Euro cleared the 100-Day SMA (1.3310) and rallied...
60 Minute Bars Prepared by Jamie Saettele, CMT “Crude has staged a sharp reversal along with the rest of ‘risk’. The reversal idea is bolstered by RSI divergence on the daily and the fact that the decline from the May high consists of 2 equal waves. At minimum, a bounce is expected. The structure...
Market News Headlines As Markets Dismiss Headlines, EURUSD Volatility and Collapse Curbed US Dollar Holds Below Key Fibonacci Resistance- Rally at Risk, Part 2 EUR/USD: Trading the U.S. Consumer Price Report
Bank bill futures for December delivery dropped to the lowest in more than two weeks on the Sydney Futures Exchange yesterday, indicating a 62 percent chance the central bank will boost borrowing costs after a government report showed consumer prices rose last quarter at the fastest pace since 2006.
European Central Bank council member Erkki Liikanen said the single currency isn’t in crisis, even after a third country in the bloc sought a bailout and as Finland’s next government may limit the region’s rescue tools.
China is prodding, pushing with hints or blunt discussion, and using every type of trade method to have the world accept internationalization of its currency, the renminbi (RMB).
