Gold finally broke out higher from multi-year resistance, and that has certainly caught the market’s attention. Attempts have been made to explain this move, but what are really the factors that move Gold – both in the short term as well as the long term?
The US Dollar has seen an impressive reversal in the past few sessions, and this can be mostly attributed to the reversal seen within the Fed, over the past months. If we recall, only six months ago, the Fed was in “autopilot” mode: tightening bias and unwinding of the balance sheet. Since then, the Fed’s […]
Following up on Sunday’s blog post (read it HERE), crude has now broken below the horizontal support area and the ascending channel’s support (both confluenced at $63.75).
Crude Oil is quite a peculiar instrument to trade, given that its supply side has been managed for decades. If we look at a multi-year chart, there was a very evident move which happened in 2014. The drop from over $100 to $40 was very sharp and relentless, and it was driven mostly by the […]
After multiple tests of a multiyear wedge’s resistance the Swissy has finally broken out today.
Gold has spent the last 2 months consolidating within a flat bottom triangle.
Gold has spent the last couple of weeks consolidating its gains in what looks like a bull flag.
During the past few years there has been a good correlation between the Gold and CNH. The Chinese Yuan has been a good proxy for US Dollar relative performance and risk on / risk off flows. As the Dollar strengthens, USDCNH naturally rises and vice versa.
The USD (DXY) has been range bound for months, and mostly this is a product of many cross currents in the markets. Equity market volatility, weakness of fundamental data globally stating to seep in, the FOMC looking to be at the end of their hike cycle, China and US trade war brewing, and the list […]