January 16, 2015
EUR/USD BREAKS 1.15 A NEW 11 YEAR LOW EUR breaks through the barrier at 1.1500 extending losses as we approach the 4pm fix, with some small support at 1.1446-50. The market wants the safety of US dollars and gold at the moment. Everything else is being tossed out.
January 16, 2015
Friday 16th January 2015 – 14.10 Gold: XAU/USD edged higher yesterday following a statement from the SNB removing its EUR/CHF peg of €1.20 resulting in a 30% fall in the pair, triggering a market ‘tsunami’ which resulted in the safe haven safety of gold. Currently hovering around the $1263 mark having broken a midway topside… View Article
January 15, 2015
Thursday 15th January 2015 – 14.45 Gold: XAU/USD increased more than 1.5% today, currently pushing above its 200 DMA at $1252 as investors react to news that the SNB would no longer shield the Swiss Franc abandoning its ceiling against the euro in turn distressing the global markets. The Swiss franc initially soared almost 30… View Article
January 13, 2015
USDCAD has surged higher again this morning as oil prices continue to fall. This has seen new cycle highs achieved and leaves us directly bullish for the 1.2000 psychological barrier next. We must allow for an initial cap here, but expect an eventual extension above here to the 78.6% retracement of the 2009/2011 decline at… View Article
January 12, 2015
USD/CAD rose to threaten 1.1890 (Friday’s 6yr peak) during the European am, as the CAD continues to suffer on soft oil prices (WTI @ $47.15). Goldman Sachs has cut its 6mth WTI forecast to $39 (Reuters), while Saudi Prince Alwaleed bin Talal predicts oil will ‘never’ get back to $100 (USA Today). 1.20 is among… View Article
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