January 9, 2015
Thursday 9th January 2015 – 12.55 Commodity price action has been halted as focus turns to the announcement of the non-farm figure. Gold: Gold went back and forth on Thursday effectively displaying that we are fixed between the $1200 and $1220 level. Given downside support of $1204 has recently been tested and held it’s probable… View Article
January 9, 2015
Arguments for Stronger Payrolls 1. Rise in ADP Employment Change 2. Rise in Consumer Confidence Index 3. Rise in the University of Michigan consumer sentiment report 4. 4 week moving average of Jobless Claims drops to 290k vs. 314k 5. Continuing Claims at 2.362M vs. 2.45M 6. Rise in employment component of manufacturing ISM Arguments… View Article
January 8, 2015
Wednesday 8th January 2015 – 13.45 Gold: Traders maintain to unwind gold positions currently trading at $1208.2 having encountered some downside resistance at $1204.5. This level must be broken in turn to validate the continuing downward movement. The downside target now presents itself at the 38.2 % Fib Level of $1201. If we break down… View Article
January 7, 2015
Sachin Shah, Partner and mentor at Savi Trading has achieved a profit of around 108% (c. £216,000) on his Live Trading account which was started with a balance of £200,000. Sachin explained “Volatility has come back into global markets, with the markets trading very well. The main point to note is that levels are being respected,… View Article
January 7, 2015
Tuesday 7th January 2015 – 11.58am Gold: XAU/USD reached the $1223.19 level on Tuesday the highest since 16th December on haven demand risk off trading after “Grexit” became a distinct possibility and contagion began to spread to the other distressed Euro-Zone economies with Germany already threatening to throw Greece out of the union. This morning… View Article
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