Gold Investments Market Update - Investment Demand Surging Internationally as Stagflation Deepens

Posted by Gold and Silver Investments Limited in August 20th 2008

Gold Gold finished trading in New York yesterday at $810.80, up $10.30 and silver was down 8 cents to $13.11. Both gold and silver remained firm in Asian trading but have given up some of the gains in early European trading. Gold is trading at $807.30/807.70 per ounce (1045 GMT). Gold, rebounding from oversold levels, rose for the second time yesterday and there was an outside day reversal to the upside which is

EURUSD: Recovers, The 1.4814 Level Seen Resistance

Posted by FXTechstrategy in August 20th 2008

EURUSD : EUR saw a sharp recovery Tuesday reversing its intra day losses to close higher, its meaningful positive close since its decline through key support levels at the 1.4967/51 zone (its range highs from Nov’07 and Jan’08/.618 Ret) and the 1.5302/1.5283 zone, its May/June’08 lows. This technical development now leaves the pair targeting its August 12’08 low at 1.4814 where a break will aim at stronger levels at the 1.4967/51 zone and the 1.5302/1.5283 zone. Recoveries are seen as

Cruising in Quiet Waters

Posted by Swiss e Trade AG in August 20th 2008

Still consolidating its higher levels, the Greenback now is trade-ranging the majors in well-defined upper and lower limits - just about 150 basis points wide, with only a very slight downward tone. If this is the call to a downward correction phase, then it is hardly being heard and thus comes as a boon to the dollar bulls. What could destroy that picture? Commodity and oil prices, seemingly starting an upward correction phase after their steep fall from the highs. So far, however, the U.S.

Daily FX Commentary

Posted by Investica Ltd in August 20th 2008

Bank of England split The UK currency dipped to lows near 1.8530 in Europe on Tuesday, but resisted a further serious attack on the 1.85 level and pushed back above 1.8650 in US trading as the dollar retreated. Sterling generally drifted weaker to 0.7915 against the Euro. Overall sentiment towards the UK economy remains weak with further expectations of a sharp deterioration in conditions and it edged lower in European trading on Wednesday. The latest CBI industrial survey also deteriorated

Yen on the offer, dollar buyers take a break

Posted by Saxo Bank in August 20th 2008

While the Chinese equity rally has bolstered high yielding currency investments, USD-longs are taking a bit of a breather. MAJOR HEADLINES – PREVIOUS SESSION GE PPI MoM/YoY (Jul) out at 2.0%/8.9% vs. 0.7%/7.5% expected. SW Total Number of Employees YoY (2Q) out at 2.0% as prior. SW Industry Capacity (2Q) out at 90.4% vs. 91.4% prior. GE ZEW Econ. Sentiment (Aug) out at -55.5 vs. -62.0 expected. GE ZEW Curr. Situation (Aug) out at -9.2 vs. 10.0 expected. EC ZEW Econ. Sentiment (Aug) out at

Dollar steady as commodities strengthen

Posted by Finotec Group Inc. in August 20th 2008

The dollar saw stability on Wednesday but was off its recent highs as concerns about the US economy and lifting commodity prices took hold. The Dollar failed to extend gains against the Euro on growing sentiment that the ECB will cut interest rates. It was slightly lower at $1.4764 slightly off its 6 month low of 1.4730 on Tuesday. The Dollar is faring well because there is still concern over economic growth in other countries. The Fed is expected to keep rates unchanged while other central

USDCHF Range Trading

Posted by ForexHound.com in August 20th 2008

Although the pair broke the support trendline that marked a succession of higher lows on the 4 hour chart we can still expect the 1.0900 area to provide enough support for a new move higher towards the 1.10 level. This is the consolidation range some of us of thinking of after the USD rally we had in the previous days, playing the range with carefull thought stops should provide a decent risk:raward ratio for both longs and shorts until we see some sort of momentum building up.