SINGAPORE (Reuters) - Gold jumped to its highest in more than a month on Monday as Tokyo futures rose on buying from investors, but gains could be limited by a weaker euro after Greece and its private...
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European banks, shunned by investors and each other, may borrow as much next month from the European Central Bank as they did in a record offering in December as they seek refuge from frozen funding m...
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The EUR/USD got up to Friday’s close, around 1.2931, and printed a daily high at 1.2942, ahead of Germany and French bond auctions and the Ecofin meeting today.
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A ban to be implemented in stages by July 1 will be formally approved by EU foreign ministers in Brussels later today,
http://www.bloomberg.com/news/2012-01-23/brent-oil-rises-in-london-as-eu-diplomats-agree-to-sanctions-against-iran.html
http://www.bloomberg.com/news/2012-01-23/brent-oil-rises-in-london-as-eu-diplomats-agree-to-sanctions-against-iran.html
Oil rose in London as European Union diplomats said the region is ready to announce a phased-in embargo of crude imports from Iran.
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European officials will forge ahead today with crafting a long-term plan to tackle the region’s debt crisis, as banking and government negotiators continue trying to reach an agreement that will light...
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The Greek debt accord is by no means finalised as the terms for an agreement to swap old bonds with new 30 year securities which may pay coupons as high as 4.75% have yet to be agreed. Furthermore, hedge funds holding Greek bonds may not accept the deal as they may look to a more imminent finalisation of their exposures by looking to trigger the payments from credit default swaps. At the same time Greek officials are also meeting with the ECB, EC and IMF, the “troika” on a new EUR 130 billion financing for the nation. The Greek tragedy is reaching its climax.
http://www.fxstreet.com/technical/market-view/compass-directions/2012/01/23/
http://www.fxstreet.com/technical/market-view/compass-directions/2012/01/23/
After rising to almost 1.3000 during the Asian session on Friday, it has been one way traffic for the EUR since as it opens this morning below 1.2900. The common currency failed to hold onto gains des...
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LONDON (Reuters) - France and Germany will call on Monday for a relaxation of global bank capital rules to prevent lending to the real economy being choked off, the Financial Times reported on Monday....
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“Short term, a stronger euro and a weaker dollar are bullish for gold,” “Longer term, however, a weakening euro due to monetary easing will help drive gold higher.”
http://www.marketwatch.com/story/gold-futures-ease-after-upbeat-us-data-2012-01-20
http://www.marketwatch.com/story/gold-futures-ease-after-upbeat-us-data-2012-01-20
Gold futures gain almost $10 an ounce by the close, rebounding from earlier losses as the U.S. dollar weakens and futures prices for silver rally nearly 4%.
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To the upside, nearest term resistance stand at 1.2900/10, followed by 1.2947 as Nov 29 '10/Dec 14 lows,
while for the downside, support is expected at recent session lows around 1.2850 mark, as 0.38 retrace of last up leg 1.2628/1.2985 and Dec 29 lows.
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=4b6b0bb7-d85d-4bb9-8efc-80e00b1e3b9e
while for the downside, support is expected at recent session lows around 1.2850 mark, as 0.38 retrace of last up leg 1.2628/1.2985 and Dec 29 lows.
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=4b6b0bb7-d85d-4bb9-8efc-80e00b1e3b9e
EUR/USD has remained below 1.2905 during all Asian session long, which is 0.38 retrace of last leg down 1.2985/1.2855. Currently attempting the up side around 1.2896, still trades near Friday's lows, ...
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European Union finance ministers will meet in Brussels to discuss new budget rules, a financial firewall to protect indebted states and a Greek debt swap, with EU leaders racing to cobble together a firm rescue response in the coming weeks. Meanwhile, cash-strapped Greece and private bondholders said they had made progress in talks over the weekend in Athens.http://www.bloomberg.com/news/2012-01-22/eu-finance-ministers-meet-on-crisis-solution-as-greek-debt-swap-unresolved.html
European officials will forge ahead today with crafting a long-term plan to tackle the region’s debt crisis, as banking and government negotiators continue trying to reach an agreement that will light...
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Oil fell for a fourth day, the euro weakened and U.S. equity futures slid after Greek bondholders said they’ve made their maximum offer in negotiations to prevent the country from defaulting.
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Silver daily chart shows price closing above 50 and 100 SMA in daily time frame.
But Weekly chart shows price entering possible resistance zone in the form of previous Broken support.
So holding 100 SMA silver should continue its up move.
Falling below 100 SMA will be negative for Silver in the short term.If price sustains above 32 - 33 levels then a possible hit at 50 Week SMA is possible.
http://niftychartsandpatterns.blogspot.com/2012/01/silver-weekend-views.html
But Weekly chart shows price entering possible resistance zone in the form of previous Broken support.
So holding 100 SMA silver should continue its up move.
Falling below 100 SMA will be negative for Silver in the short term.If price sustains above 32 - 33 levels then a possible hit at 50 Week SMA is possible.
http://niftychartsandpatterns.blogspot.com/2012/01/silver-weekend-views.html
Silver daily chart shows price closing above 50 and 100 SMA in daily time frame. But Weekly chart shows price entering possible resistance zone in the form of previous Broken support. So holding 100 S...
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“I got a horse right here, his name is Paul Revere and here's a guy who says if the weather's clear, can do, can do. This guy says the horse can do. If he says the horse can do, can do.” - Guys and Do...
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Silver exchange traded funds are making a strong move to the upside in early 2012, reversing some of the damage inflicted by multiple sell-offs in the wake of
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Hungary's dispute with the EU threatened to derail the eastern European nation's bid to secure a $25 billion credit line from the EU and the International Monetary Fund. But Prime Minister Viktor Orba...
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“Gold is also running right into a downtrend line that has been in place since November, so I think the next few days in gold could be pretty interesting, and give us clues as to whether or not this four month long correction is ending,”
we could see some consolidation or even weakness in gold next week.”
http://www.marketwatch.com/story/gold-futures-ease-after-upbeat-us-data-2012-01-20
we could see some consolidation or even weakness in gold next week.”
http://www.marketwatch.com/story/gold-futures-ease-after-upbeat-us-data-2012-01-20
Gold futures inch higher, rebounding from earlier losses as the U.S. dollar weakens and December existing home sales climb but are short of expectations.
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The swap is aimed at cutting 100 billion euros off Greece's over 350 billion euro debt load. The second bailout - drawn up on condition Greece pushes through painful cuts and structural reforms - is expected to reduce Greece's debt to a more manageable 120 percent of gross domestic product in 2020 from about 160 percent now.
http://www.reuters.com/article/2012/01/20/us-greece-debt-idUSTRE80H04P20120120
http://www.reuters.com/article/2012/01/20/us-greece-debt-idUSTRE80H04P20120120
ATHENS/LONDON (Reuters) - Greece was closing in on an initial deal with private bond holders on Friday that would prevent it from tumbling into a chaotic default but lose investors up to 70 percent of...
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Sales of previously owned U.S. homes rose for a third month in December to the highest level since January 2011, a sign the housing market ended last year with momentum.
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The US economy has been surprising analysts with a stronger than expected recovery: “We estimate growth was 3% in Q4 and expect it to continue at cruising speed, with 2.5% in 2012 and 2.6% in 2013, as...
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The QE3 program would help boost the housing market, the weakest link in the economy, by purchasing mortgage-backed securities to reduce mortgage rates and make buying a home more affordable.
http://www.thestreet.com/story/11379009/1/3-reasons-why-qe3-wouldnt-work.html
http://www.thestreet.com/story/11379009/1/3-reasons-why-qe3-wouldnt-work.html
The Fed may deploy another stimulus, but it would do little for the economy or the stock market.
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On the charts, the next downside target stands at the 200-day moving average of $1,642, while resistance is pegged at $1,662.
We expect this pattern to continue next week: with the Shanghai Gold Exchange closed
"The insolvency of Eastman Kodak, previously the world’s largest camera manufacturer, could have a negative impact on the price of silver,"
"If the company’s business operations were to be shut down, the market would lose a large consumer of silver for the production of films," it added. "Equally, the firm could be forced to sell any silver reserves it has in its possession in order to acquire liquidity."
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=d67e769d-218c-4184-8cb6-0979ca9eaed9
We expect this pattern to continue next week: with the Shanghai Gold Exchange closed
"The insolvency of Eastman Kodak, previously the world’s largest camera manufacturer, could have a negative impact on the price of silver,"
"If the company’s business operations were to be shut down, the market would lose a large consumer of silver for the production of films," it added. "Equally, the firm could be forced to sell any silver reserves it has in its possession in order to acquire liquidity."
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=d67e769d-218c-4184-8cb6-0979ca9eaed9
Read the full article at FXstreet.com
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European stocks retreated from a five-month high as talks between Greek officials and private creditors entered a third day. U.S. index futures dropped while Asian shares rose.
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ราคาทองคำแกว่งตัวในกรอบที่ระดับ 1,648.04 — 1,658.49 ดอลลาร์ ต่อออนซ์
ราคาทองคำแท่งวันศุกร์ที่ 20 ม.ค. 55 ครั้งที่4 เวลา 16.04 น.(-50) ร้านทองซื้อเข้าบาทละ 24600 ขายออกบาทละ 24700 / $1645
การเคลื่อนไหวของราคาทองคำได้รับอิทธิพลมาจากการเคลื่อนไหวของราคาน้ำมัน ซึ่งสังเกตุได้จากความสัมพันธ์ระหว่างราคาทองคำกับราคาน้ำมันที่มีความ สัมพันธ์กันค่อนข้างสูง
การปรับตัวลงของราคาทองคำยังคงถูกจำกัดอยู่พอสมควรเพราะการอ่อนตัวลงของเงิน สกุลดอลลาร์เนื่องจากการแข็งขึ้นของเงินสกุลยูโร หลังจากการประมูลพันธบัตรของสเปนและฝรั่งเศสสำเร็จไปได้ด้วยดี เบื้องต้นหากราคาทองคำปรับตัวขึ้นบริเวณโซน 1,660 - 1,670 ดอลลาร์ต่อออนซ์ขึ้นไปนักลงทุนที่ไม่อยากแบกรับความเสี่ยงจนเกินไปสามารถ แบ่งขายทำกำไรออกมาบ้างเพื่อลดความเสี่ยงของพอร์ต
ทองคำแท่ง (96.50%)
แนวรับ 1,643 (24,540บาท) 1,634 (24,400บาท) 1,625 (24,270บาท)
แนวต้าน 1,667 (24,890บาท) 1,675 (25,020บาท) 1,684 (25,150บาท)
http://www.ryt9.com/s/prg/1326239
Collapse this postราคาทองคำแท่งวันศุกร์ที่ 20 ม.ค. 55 ครั้งที่4 เวลา 16.04 น.(-50) ร้านทองซื้อเข้าบาทละ 24600 ขายออกบาทละ 24700 / $1645
การเคลื่อนไหวของราคาทองคำได้รับอิทธิพลมาจากการเคลื่อนไหวของราคาน้ำมัน ซึ่งสังเกตุได้จากความสัมพันธ์ระหว่างราคาทองคำกับราคาน้ำมันที่มีความ สัมพันธ์กันค่อนข้างสูง
การปรับตัวลงของราคาทองคำยังคงถูกจำกัดอยู่พอสมควรเพราะการอ่อนตัวลงของเงิน สกุลดอลลาร์เนื่องจากการแข็งขึ้นของเงินสกุลยูโร หลังจากการประมูลพันธบัตรของสเปนและฝรั่งเศสสำเร็จไปได้ด้วยดี เบื้องต้นหากราคาทองคำปรับตัวขึ้นบริเวณโซน 1,660 - 1,670 ดอลลาร์ต่อออนซ์ขึ้นไปนักลงทุนที่ไม่อยากแบกรับความเสี่ยงจนเกินไปสามารถ แบ่งขายทำกำไรออกมาบ้างเพื่อลดความเสี่ยงของพอร์ต
ทองคำแท่ง (96.50%)
แนวรับ 1,643 (24,540บาท) 1,634 (24,400บาท) 1,625 (24,270บาท)
แนวต้าน 1,667 (24,890บาท) 1,675 (25,020บาท) 1,684 (25,150บาท)
http://www.ryt9.com/s/prg/1326239
สภาวะตลาดวันที่ 20 มกราคม 2555 ราคาทองคำแกว่งตัวในกรอบที่ระดับ 1,648.04 — 1,658.49 ดอลลาร์ ต่อออนซ์ ขณะที่โกลด์ฟิวเจอร์ส GFG12 อยู่ที่ 24,900 บาท โดย
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(eToro Blog) For the brunt of the trading week, markets and traders of the Euro and other higher-risk currencies were clearly optimistic that surprisingly
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Despite suffering a sizable decline since its September peak, gold remains a sensible hedge, says Newton Investment Management’s Iain Stewart.
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European stock markets edged lower Friday, as investors looked for progress in debt-swap talks between the Greek government and private creditors.
http://www.marketwatch.com/story/greek-debt-talks-push-europe-stocks-lower-2012-01-20
http://www.marketwatch.com/story/greek-debt-talks-push-europe-stocks-lower-2012-01-20
Most European stock markets edge lower, as investors look for progress in debt-restructuring talks between the Greek government and private creditors.
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Gold futures edge lower, pulling back after a two-session gain as a bigger-than-expected decline in U.S. jobless claims and news that consumer prices were unchanged in December dull some safe-haven de...
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At the moment EUR/USD is down 0.26% at 1.2928 facing resistance levels at 1.3084 (high Dec.27), ahead of 1.3120 (high Dec.22) then 1.3136 (Upper Bollinger) and 1.3175 (MA55d).
On the downside, a breach of 1.2874 (MA21d) would expose 1.2839 (low Jan.19) then 1.2792 (MA10d) and 1.2734 (low Jan.18).
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=27cb146d-9bd2-4973-abab-dea65af49d92
On the downside, a breach of 1.2874 (MA21d) would expose 1.2839 (low Jan.19) then 1.2792 (MA10d) and 1.2734 (low Jan.18).
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=27cb146d-9bd2-4973-abab-dea65af49d92
The single currency was under selling pressure the last hour as markets participants seem to be cashing up some of the gains made so far, dragging...
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After much pressure from the IMF and the EU, Hungary will cancel the merger of the financial regulator PSZAF and the Hungarian Central Bank (MNB), which is not acceptable under EU agreements.
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EUR/USD Forecast: This pair is approaching a critical level which could trigger many stops of those holding short. I am ready to get short again if price lets me around the 1.2882 area.
http://www.fxstreet.com/technical/forex-signals/forex-trade-signals/2012/01/20/
http://www.fxstreet.com/technical/forex-signals/forex-trade-signals/2012/01/20/
I am hearing a lot of talk about Greece coming close to a deal with its bondholders. This news has been dripped all week, insider propaganda style. The manner in which you know its scripted. I expect ...
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Talks were held in a positive climate
European officials and the nation’s private bondholders agreed in October to implement a 50 percent cut in the face value of Greek debt by voluntarily exchanging outstanding bonds for new securities, with a goal of reducing Greece’s borrowings to 120 percent of gross domestic product by 2020.
http://www.bloomberg.com/news/2012-01-19/greek-debt-talks-enter-third-day-after-long-and-substantial-discussions.html
European officials and the nation’s private bondholders agreed in October to implement a 50 percent cut in the face value of Greek debt by voluntarily exchanging outstanding bonds for new securities, with a goal of reducing Greece’s borrowings to 120 percent of gross domestic product by 2020.
http://www.bloomberg.com/news/2012-01-19/greek-debt-talks-enter-third-day-after-long-and-substantial-discussions.html
Greek officials and private creditors will meet for a third day to seek agreement on a debt swap after “long and substantial” discussions yesterday, Finance Minister Evangelos Venizelos said.
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สเปน ประมูลขายพันธบัตร ที่จะครบกำหนดในปี 2559 2562 และ 2565 ได้ 6.6 พันล้านยูโร (8.5 พันล้านดอลลาร์) มากกว่าเป้าหมายที่ตั้งไว้ระหว่าง 3.5-4.5 พันล้านยูโร โดยมีอัตราผลตอบแทนพันธบัตรอายุ 10 ปี ซึ่งจะครบกำหนดในปี 2565 ลดลงแตะ 5.40% จาก 5.54%
สเปนประมูลขายพันธบัตรได้มากเกินคาดตอกย้ำว่านักลงทุนยังคงเชื่อมั่นในสเปนแม้เอสแอนด์พีลดอันดับความน่าเชื่อถือเมื่อสัปดาห์ที่แล้วก็ตาม
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I think the next move is likely to be up towards $1,680,"
there's going to a floor under the market, initially at $1,650, but I can't see a big fall to below $1,600."
http://www.reuters.com/article/2012/01/20/markets-precious-idUSL3E8CK05220120120
there's going to a floor under the market, initially at $1,650, but I can't see a big fall to below $1,600."
http://www.reuters.com/article/2012/01/20/markets-precious-idUSL3E8CK05220120120
* Gold due for deep correction-technicals * Coming Up: U.S. existing home sales for December; 1500 GMT (Updates prices, adds quotes) By Lewa Pardomuan SINGAPORE, Jan 20 (Reuters) - Gold
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It probably speaks well of the overall state of human rights in Europe that the European Court of Human Rights devotes a lot of its time to compelling moral issues like George Soros’s insider trading ...
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At first, markets were extremely pessimistic that a deal wouldn't push through. This resulted in a strong euro-sell off. But now, comments from important financial officials suggest otherwise.
I don't think we'll see Greece default... yet. European officials will agree to provide aid to Greece and everything will be fine and dandy again.
I think this will most likely have a positive effect on the euro, at least initially. Bullish momentum could kick in as investors express optimism for the deal. But how long will it last?
http://www.fxstreet.com/fundamental/analysis-reports/piponomics/2012/01/20/
I don't think we'll see Greece default... yet. European officials will agree to provide aid to Greece and everything will be fine and dandy again.
I think this will most likely have a positive effect on the euro, at least initially. Bullish momentum could kick in as investors express optimism for the deal. But how long will it last?
http://www.fxstreet.com/fundamental/analysis-reports/piponomics/2012/01/20/
Greece's debt, which is mostly owned by the private sector, has already ballooned to about 350 billion EUR, just a little over 160% of its annual GDP. To pay for this monumental debt, Greece has had t...
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“Going into Friday we may see a lot of reentry on the short side to push this back down. The overall bias should still be short since the last two days of positive headlines is just a drop in the bucket and we should see this return to test support going into next week.”
“If the EUR manages to break 1.3115 then we could see a bit more of a bullish pullback
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=4c6f6158-0016-4a40-bc0b-91462174c0b7
“If the EUR manages to break 1.3115 then we could see a bit more of a bullish pullback
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=4c6f6158-0016-4a40-bc0b-91462174c0b7
EUR/USD has been practically motionless during Asian session since NY closed around same quotes is trading at the moment, the 1.2965 area, mid price of the tight range has traded in between highs at 1...
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ตัวเลขเศรษฐกิจสหรัฐกดดันราคาทองคำ
- ราคาปรับฐานลงมาที่ 1,650 ดอลลาร์ เปิดสถานะซื้อได้
แนวโน้มการเคลื่อนไหวของราคาทองคำยังขึ้นอยู่กับการเจรจาหนี้ของกรีซซึ่งยืด เยื้อกินเวลา 2 วัน แต่ยังไม่ได้ข้อสรุป ส่วนสหรัฐคืนนี้จะประกาศยอดขายบ้านมือสองเดือนธ.ค. คาดว่าจะออกมาเพิ่มขึ้น น่าจะช่วยให้ราคาทองคำฟื้นตัวได้ แต่คาดว่าคงจะไปได้ไม่ไกลนัก ราคาทองคำยังมีแนวต้านที่ 1,667-1,670 และ 1,680 ดอลลาร์ โดยเฉพาะแนวต้านหลังคาดว่ายังผ่านขึ้นไปได้ยาก ยังแนะนำเหมือนเดิมการเก็งกำไรระยะสั้นควรรอเปิดสถานะในช่วงที่ราคาปรับฐาน ลงมาที่แนวรับ 1,650 และ 1,640 ดอลลาร์
โลหะเงินปรับฐานลงมาที่แนวรับบริเวณ 30 ดอลลาร์ อาจเข้าเปิดสถานะซื้อได้ ขณะที่แนวต้านยังอยู่ที่บริเวณ 30.60 ดอลลาร์ และ 31 ดอลลาร์
http://www.ryt9.com/s/prg/1325912
- ราคาปรับฐานลงมาที่ 1,650 ดอลลาร์ เปิดสถานะซื้อได้
แนวโน้มการเคลื่อนไหวของราคาทองคำยังขึ้นอยู่กับการเจรจาหนี้ของกรีซซึ่งยืด เยื้อกินเวลา 2 วัน แต่ยังไม่ได้ข้อสรุป ส่วนสหรัฐคืนนี้จะประกาศยอดขายบ้านมือสองเดือนธ.ค. คาดว่าจะออกมาเพิ่มขึ้น น่าจะช่วยให้ราคาทองคำฟื้นตัวได้ แต่คาดว่าคงจะไปได้ไม่ไกลนัก ราคาทองคำยังมีแนวต้านที่ 1,667-1,670 และ 1,680 ดอลลาร์ โดยเฉพาะแนวต้านหลังคาดว่ายังผ่านขึ้นไปได้ยาก ยังแนะนำเหมือนเดิมการเก็งกำไรระยะสั้นควรรอเปิดสถานะในช่วงที่ราคาปรับฐาน ลงมาที่แนวรับ 1,650 และ 1,640 ดอลลาร์
โลหะเงินปรับฐานลงมาที่แนวรับบริเวณ 30 ดอลลาร์ อาจเข้าเปิดสถานะซื้อได้ ขณะที่แนวต้านยังอยู่ที่บริเวณ 30.60 ดอลลาร์ และ 31 ดอลลาร์
http://www.ryt9.com/s/prg/1325912
ช่วงระหว่างวันได้ข่าวหนุนจากไอเอ็มเอฟเพิ่มเงินทุน ตัวเลขเศรษฐกิจสหรัฐกดดันราคาทองคำ ราคาปรับฐานลงมาที่ 1,650 ดอลลาร์ เปิดสถานะซื้อได้ ข่าวการเพิ่มเงินทุนขอ
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a bullish continuation rally towards 1.3000 area. A daily close above this zone, may signal a short term continuation to next strong resistance area at 1.3080 price zone.
Downside is being limited in the short term by 1.2870 static level: only below this last the pair may move lower, looking to test 1.2830 price zone.
http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012/01/19/02/
Downside is being limited in the short term by 1.2870 static level: only below this last the pair may move lower, looking to test 1.2830 price zone.
http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2012/01/19/02/
EUR/USD recovery continues in the American afternoon, with the pair setting fresh daily highs at current 1.2935 area. Despite 4 hours indicators are near overbought levels, they still head north, supp...
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next supports for EUR/USD at 1.2870, 1.2840 and 1.2800 while
resistance levels at 1.2925, 1.2950 and 1.2985.
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=b6d36476-8a91-498a-898f-f958d76a24b1
resistance levels at 1.2925, 1.2950 and 1.2985.
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=b6d36476-8a91-498a-898f-f958d76a24b1
The Euro gave up part of its recent gains versus the Greenback, slipping back below the 1.2900 mark, after the release of mixed US data which includes an unexpected drop in weekly jobless claims.
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Builders began work on fewer houses than forecast in December, capping the worst year on record for single-family home construction and signaling recovery in the industry will take time.
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Fewer Americans than forecast filed applications for unemployment benefits last week, easing concern that post-holiday firings were on the rise.
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Spain and France, both hit by ratings downgrades last week, paid predominantly lower borrowing costs Thursday than at their previous auctions as markets remained upbeat.
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“An eventual clear break beyond 1.2880 resistance zonewill clear the way for 1.3080 major hurdle”.
Mihaylov points to resistance at 1.3080 and supports at 1.2810, 1.2734 and 1.2623. January 5 high at 1.2943 is the next target on the upside.
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=2add8b4c-33b2-4dd9-b131-5b9106565757
Mihaylov points to resistance at 1.3080 and supports at 1.2810, 1.2734 and 1.2623. January 5 high at 1.2943 is the next target on the upside.
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=2add8b4c-33b2-4dd9-b131-5b9106565757
The EUR/USD upside is holding above 1.2900 level and is pressing for more gains, currently at 1.2915.
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MADRID (Reuters) - Spain passed its biggest test of market sentiment so far this year on Thursday, selling far more longer-term debt than expected as the government pressed ahead with efforts to tackl...
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LONDON/ATHENS (Reuters) - Greece and its bondholders have made little progress since resuming stalled talks on a debt swap, three sources close to the talks told Reuters on Thursday, as time to strike...
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if the bondholders don’t agree to Greece’s terms, then Greece can simply force them to join the exchange. Greece’s bonds are issued under Greek law, and Greece can change its own domestic law any time it wants.
http://blogs.reuters.com/felix-salmon/2012/01/18/greeces-game-plan/
http://blogs.reuters.com/felix-salmon/2012/01/18/greeces-game-plan/
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The European stock exchanges are cheerful today with the banking sector leading the party as France and Spain debt sales, like Portugal and Germany yesterday, prove there is liquidity and demand for E...
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‘‘There is no decision to block and close the Strait of Hormuz unless Iran is threatened seriously and somebody wants to tighten the noose,
http://www.bloomberg.com/news/2012-01-19/crude-oil-advances-in-new-york-on-shrinking-stockpiles-iranian-risks.html
http://www.bloomberg.com/news/2012-01-19/crude-oil-advances-in-new-york-on-shrinking-stockpiles-iranian-risks.html
Oil rose in New York on signs that the U.S. economic recovery is reducing the nation’s crude inventories, and on concern that tensions with Iran may lead to disruptions in exports from the Middle East...
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Oil explorers are targeting 8.3 billion barrels in the waters around the islands this year, three times the U.K.’s reserves.
http://www.bloomberg.com/news/2012-01-19/britain-s-oil-grab-in-falkland-islands-seen-tripling-u-k-reserves-energy.html
http://www.bloomberg.com/news/2012-01-19/britain-s-oil-grab-in-falkland-islands-seen-tripling-u-k-reserves-energy.html
Thirty years after Margaret Thatcher fought a 74-day war with Argentina over the Falkland Islands, the prospect of an oil boom is reviving tensions.
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Bernanke has left the target rate on overnight loans between banks unchanged since the end of 2008, the longest stretch since at least 1971
http://www.bloomberg.com/news/2012-01-19/s-p-500-rallies-most-since-87-as-bernanke-economy-weathers-europe-concern.html
http://www.bloomberg.com/news/2012-01-19/s-p-500-rallies-most-since-87-as-bernanke-economy-weathers-europe-concern.html
U.S. stocks are off to the best start in 25 years as investors speculate Federal Reserve Chairman Ben S. Bernanke has done enough to insulate the economy from Europe’s debt crisis.
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Mataf.net analysts point to resistances at 1.2880, 1.2945 and 1.3000. On the downside, supports might be found at 1.2830, 1.2750 and 1.2710.
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=f08df121-2634-4ed6-a02f-14cca1886f87
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=f08df121-2634-4ed6-a02f-14cca1886f87
Much expectation is gathered ahead of France and Spain bond auctions’ results. The EUR/USD was able to extend gains above 1.2878, Jan-13 high, and rally all the way to 1.2906.
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“if optimism on the Greek PSI deal is sustained, the bias towards a higher EUR should remain, there is significant resistance above 1.2900 in EUR/USD”.
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=130629ea-1620-4fc3-9210-b08a8b2dc8eb
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=130629ea-1620-4fc3-9210-b08a8b2dc8eb
The euro is trading higher on Thursday as risk appetite sharpens ahead of the key Spanish and French bond auctions. The bloc currency was 5 pips away from 1.2900...
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Greece’s government heads into a second day of talks with private creditors in a push to reach an accord that would slash the nation’s debt and avert a collapse of the economy.
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Most European stocks gained, after the Stoxx Europe 600 Index yesterday rose to a five-month high, as Spain and France prepared to sell bonds. Asian shares advanced, while U.S. index futures dropped.
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Hungary's central bank is under political pressure. A look at its post-crisis decisions.
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Several funds have plans to go to the European Court of Human Rights if the country doesn’t make good on its bond payments.
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Gold continues to chip away at the overhead resistance band between $1666-81 with the metal finding ongoing support from physical demand and solid retail investment interest with data from the US Mint showing month-to-date sales of it Eagles totalling 106Kozs of gold and over 5.1Mozs of silver. Clearance of the resistance band should see gold re-test the $1700 mark however the metal may struggle for momentum next week with Chinese players absent for New Year celebrations.
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=52f40749-1800-46c6-8607-8f5430eea1d3
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=52f40749-1800-46c6-8607-8f5430eea1d3
Read the full article at FXstreet.com
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France will seek to raise as much as 9.5 billion euros ($12.8 billion) today in its first sale of medium and long-term debt after it lost the top credit rating at Standard & Poor’s.
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The euro pushed higher in Asia on Thursday but failed to crack resistance as investors remained wary due to European debt auctions later in the session
http://www.reuters.com/article/2012/01/19/markets-forex-idUSL3E8CJ2KD20120119
http://www.reuters.com/article/2012/01/19/markets-forex-idUSL3E8CJ2KD20120119
* Greek debt talks, Spanish and French auctions in focus* Aussie sinks after downbeat domestic jobs data* Surprisingly soft NZ inflation weighs on NZDBy Lisa TwaroniteTOKYO, Jan 19 (Reuters) - The
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Neil Meader, research director at Thomson Reuters GFMS, breaks down the recent buying trends in Indian gold demand and reveals if Chinese demand can compensate for any slowdown in India
http://www.thestreet.com/video/11378991/indian-gold-demand-strong-or-dead.html
http://www.thestreet.com/video/11378991/indian-gold-demand-strong-or-dead.html
HD video interviews with policy makers, entrepreneurs, star fund managers, Wall St. analysts, CEOs, and stock market commentators.
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Scott Redler, chief strategic officer at T3Live.com, says gold has more to prove and that it's recent rally is just an oversold bounce.
http://www.thestreet.com/video/11378887/golds-rally-is-just-an-oversold-bounce.html
http://www.thestreet.com/video/11378887/golds-rally-is-just-an-oversold-bounce.html
HD video interviews with policy makers, entrepreneurs, star fund managers, Wall St. analysts, CEOs, and stock market commentators.
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After bottoming on the final day of 2011, gold is back at it again, up five percent in the new year, compared to a 3.9 percent return for the S&P 500 index.
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China, expected to overtake India as the world's top gold consumer in the next few years,
China has one of the world's highest saving rates, and the public faces few investment options. "Chinese investors are looking for ways to protect their savings from negative real interest rates,"
http://www.reuters.com/article/2012/01/19/us-china-gold-investment-idUSTRE80I08020120119
China has one of the world's highest saving rates, and the public faces few investment options. "Chinese investors are looking for ways to protect their savings from negative real interest rates,"
http://www.reuters.com/article/2012/01/19/us-china-gold-investment-idUSTRE80I08020120119
SINGAPORE (Reuters) - For Chinese shipping executive Ping Bo buying gold is the best way to protect his family's wealth and give his 10-year-old son a headstart into adulthood.For my son, the idea is
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Countries with a triple-A credit rating are becoming an endangered species.
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The bank said there is a risk that turmoil in Europe could interact with the delayed effects of monetary tightening in Asia and Latin America, reinforcing each other in a "downward overshooting of activity".
http://www.telegraph.co.uk/finance/financialcrisis/9023099/World-Bank-fears-Europes-crisis-could-set-off-deeper-global-slump-than-Lehman-collapse.html
http://www.telegraph.co.uk/finance/financialcrisis/9023099/World-Bank-fears-Europes-crisis-could-set-off-deeper-global-slump-than-Lehman-collapse.html
The World Bank has slashed its global growth forecast and told developing nations to prepare for the worst, warning that Europe’s debt crisis could trigger an even deeper slump than the post-Leh...
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Traders were unconvinced by a radical proposal by the International Monetary Fund (IMF) to deploy $1 trillion (£648bn) to stem the European debt crisis and its impact on the global economy.
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Greece failed to reach an agreement with its international creditors on Wednesday, further extending the critical bondholder talks.
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