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Gold Breakout Imminent- Will US GDP Be the Trigger?

Gold Breakout Imminent- Will US GDP Be the Trigger?
Fundamental Forecast for Gold: Neutral Gold B Wave Triangle Could Lead to Thrust Lower EUR/JPY Rebound to Target Former Support- Gold Capped by 50-Day SMA Sign up for Read More →

USD/CAD Breakout to Accelerate on Disappointing Canada CPI

- Canada Consumer Price Reading of 2.0% Will Mark Highest Price Since April 2012. - Core Rate of Inflation to Increase for Third Time in 2014. Trading the News: Canada Consumer Price Index A sharp rebound in Canada’s Consumer Price Index (CPI) may Read More →

Platinum and Palladium Hit 2014 Highs, Crude Oil Looks To US GDP

Talking Points Crude oil looks to US GDP and Durable Goods Orders for guidance Platinum and palladium receive boost from supply concerns Gold and silver’s tennis match between support and resistance continues Platinum and palladium have edged out fresh 2014 highs as geopolitical risks Read More →

EUR/JPY Rebound to Target Former Support- Gold Capped by 50-Day SMA

Talking Points: - USDOLLAR Outlook Still Bearish as Monthly Opening Range Remains Intact - AUD/JPY Rebound Stalls at Former Support (0.9430-50) - XAU/USD Capped by 50-Day SMA (1303); Risks Key Break Ahead of June Despite the mixed data prints coming out of the world’s Read More →

Copper Climbs On China Manufacturing PMI, Crude Oil Eyes $105

Talking Points Copper climbs as China manufacturing data eases demand concerns Return to risk and bullish inventories report lifts crude prices Gold and silver tug-of-war may continue while USD slumber persists Copper prices are firmer in Asian trading following a significantly better-than-anticipated Chinese manufacturing Read More →

Forex: Euro at Risk Before PMI Data, Pound May Overlook GDP Revision

Talking Points: Euro at Risk if Disappointing PMIs Bolster ECB Stimulus Speculation British Pound Rally May Not Find Added Fuel in 1Q UK GDP Revision Australian Dollar Rebounds, Yen Drops on Upbeat Chinese PMI Data The preliminary set of May’s Eurozone PMI data headlines Read More →