KP Finance
KP Finance - 10:02 AM - Public
Tuesday's settlement near $1,610 per ounce puts the price on the threshold of the breakout level, suggesting higher trade on Wednesday will complete the pattern and generate an forecast for a much higher trading range. If confirmed, this would signal an acceleration of the rising trend and likely cement the $1,530 low as major turning point on the long term charts.
Daily Commodities Update: Gold Gold futures took a bullish turn to kick off the first trading day of 2012, opening Tuesday's session strong and rising throughout the day. This rally comes on the heels...
there are signs that a rally above $1,620 is possible in the coming sessions. The next resistance level is pegged at $1,615, while support stands at $1,560
The market focus is already on the two major auctions of long-term bonds in Germany and France this week.
next Monday's meeting between Chancellor Angela Merkel and President Nicolas Sarkozy, in which the finer details of the most recent agreement between EU members will be thrashed out
The market focus is already on the two major auctions of long-term bonds in Germany and France this week.
next Monday's meeting between Chancellor Angela Merkel and President Nicolas Sarkozy, in which the finer details of the most recent agreement between EU members will be thrashed out
KP Finance - 2:57 AM - Public
We await confirmation of a renewed bullish trend which will be signalled by a close above resistance at $1,640 before we change both our short term and medium term outlook to bullish. Today look for support at $1,588 and resistance at $1,620.
GOLD has surged more than 2% overnight to recover the $1,600 level after having traded as low as $1,572 yesterday. A weakening USD saw the metal trade as high as $1,608 as investors also sought the sa...
Resistance: 1594, 1626, 1641, 1682
Support: 1566, 1542, 1520
Support: 1566, 1542, 1520
The pair is trading along an downtrend. An uptrend will start as soon as the pair rises above resistance level 1594, which will be followed by moving up to resistance level 1626 and then 1641. The dow...
the US Dollar still has another 3-4 weeks of sideways to upward grinding upward price action.
it is more than likely the end of January 2013 is a target date. The price of gold is likely to top out near $7-10,000/ounce by 2020.On holidays this week has definitely been interesting. The new term for investing in today's market should be coined “Volatility Investing”. Since most trading is done by computers with complex algori...
it is more than likely the end of January 2013 is a target date. The price of gold is likely to top out near $7-10,000/ounce by 2020.On holidays this week has definitely been interesting. The new term for investing in today's market should be coined “Volatility Investing”. Since most trading is done by computers with complex algori...
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KP Finance - 2:48 AM (edited) - Public
supports at 1.3045, 1.3010 and 1.2970.
resistance at 1.3065, 1.3100 and 1.3135.
resistance at 1.3065, 1.3100 and 1.3135.
Market expectations led the pair to 1.3072 level, but once Germany’s services PMI got out, the EUR/USD keeps falling. Trading at 1.3032, the cross lost 40 pips in one hour.
Cautiously Bearish below 1.3077. The immediate objective is 1.3011
with a move beneath that point targeting 1.2992Yesterday's highs were not maintained and the subsequent setback has deepened in Asia. This price action does not provide strong signals for sentiment but does leave a negative bias. Therefore our cal...
If price continues to move higher in the near-term we will watch the resistance near 1.3200 for potential price action selling opportunities to re-join the downtrend.
The 1.2900 handle is a good target if you're bearish on the pair, but you can also wait for a clean break above 1.3050 if you want to aim for the 1.3200 handle.
EUR/USD: 4-hour On the 4-hour chart of EUR/USD, the pair is consolidating at the 1.3050 handle, which is also the level where the pair spent most of its holiday week. Will the minor psychological hand...
Risk taking has reemerged, boosting most of the major currencies against the US dollar. The euro has reclaimed a bit of ground, rising to 1.3058, after a short stint back below the pivotal 1.3000 sup...
KP Finance - Yesterday 4:10 AM - Public
GOLD traded in a $1,556 to $1,581 range in the least session of 2011. It is likely to open the new year higher as news of Iran successfully producing its first nuclear fuel rod breaks and investors seek to buy as a safe haven.
We expect a resumption of the uptrend for gold to peak above $2,000 in 2012 if critical support at $1,530 continues to hold. However, we remain neutral gold in both the short and medium term until we have confirmation of price stabilisation on a recovery of the $1,640 level.
Precious metals
The supporting factors, which include buying from central banks - mainly in Asia and the Middle East - the prospect of sustained low or negative real interest rates in the US and the potential for a further deterioration of the crisis in Europe will continue and should help gold outperform the dollar in 2012.
I will be keeping a close eye on the uptrend from the 2008 low with a weekly...
The supporting factors, which include buying from central banks - mainly in Asia and the Middle East - the prospect of sustained low or negative real interest rates in the US and the potential for a further deterioration of the crisis in Europe will continue and should help gold outperform the dollar in 2012.
I will be keeping a close eye on the uptrend from the 2008 low with a weekly...
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As the rollercoaster ride of 2011 comes to an end I finish off my weekly series of commodity updates for the year by taking a look at what influenced the performance among sectors and some individual ...
GOLD traded in a $1,556 to $1,581 range in the least session of 2011. It is likely to open the new year higher as news of Iran successfully producing its first nuclear fuel rod breaks and investors seek to buy as a safe haven.
We expect a resumption of the uptrend for gold to peak above $2,000 in 2012 if critical support at $1,530 continues to hold. However, we remain neutral gold in both the short and medium term until we have confirmation of price stabilisation on a recovery of the $1,640 level.
Morning Commodity Report: Gold As the holiday season comes to an end, European leaders will once again face the daunting task of addressing how they will save the eurozone from economic meltdown. In t...
Weekly Commodities Update: Silver With 2011 in the rear-view mirror, traders will likely be focused on January as a pivotal month for determining how 2012 may unfold. One major driver of market forces...
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KP Finance - Yesterday 2:50 AM - Public
Resistances: 1.3080, 1.3230, 1.3345
Supports: 1.2980, 1.2890, 1.2760, 1.2680
Supports: 1.2980, 1.2890, 1.2760, 1.2680
The pair is trading along an downtrend. An uptrend will start as from current levels, which will be followed by moving up to resistance level 1.3080 and then 1.3230 and 1.3345. An downtrend will start...
Immediate support comes at 1.3000, yet only below 1.2980 the bearish tone will increase, with 1.2900/20 area as next bearish target.
The EUR/USD is seeing some buying interest as markets regain volume, favored by better than expected data in the euro zone, along with strong stocks that show investor’s mood is high today. The 4 hour...
we believe that Eur/Usd will fall sharply in this year with wave C) headed towards 1.1000. http://www.fxstreet.com/technical/forex-strategy/elliot-wave-corner/2012/01/02/
A significant weakness in the second part of 2011 puts more weakness into play for 2012, as recent decline suggests that huge running triangle in wave B) is finished with sub-wave E at 1.4240. In fact...
KP Finance
KP Finance - Yesterday 2:49 AM - Public
Governments of the world’s leading economies have more than $7.6 trillion of debt maturing this year, with most facing a rise in borrowing costs.
Bouts of panic. Moments of elation. Vertiginous plunges. Markets lurching on the scantiest sniffle of news from a parliamentary committee in a minor-league country. That was investing in Europe in 201...
There's just an almost unending list of things that might go wrong and start us on a bad track again," "This will not be just a problem for Europe. If there gets to be a real financial crisis in the European banking system, it's going to infect America, it's going to infect Asia, it's going to infect South America, everywhere."
The coming year will be a make-or-break one for the euro zone, as a crisis that began two years ago in tiny Greece threatens to engulf larger countries at Europe's core.
As the eurozone marks the 10th anniversary of the euro on Sunday amid growing fears over the bloc’s sovereign debt crisis, FRANCE 24 takes a look back at when the common currency was introduced in 200...
The beginning of 2012, the 10th anniversary year of the euro, will see EU officials making further efforts to maintain the stability of the common currency. Eurozone countries need to refinance up to ...
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