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Gold surges as the Pound and Yuan fall
The Yuan is sliding against the Dollar, with USDCNY breaking through resistance at 6.60. Expect further capital flight, both from residents and offshore investors. Borrowers will also seek to repay...
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Gold, the Yuan & Donald Trump
China’s Yuan continues its slide against the Dollar, with USDCNY testing resistance at 6.70. The current retracement is likely to respect support at 6.60, offering a target of 6.80*. * Target...
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Gold shudders on strong jobs numbers
Long-term interest rates surged on strong jobs numbers, well above the estimate of 180,000. From the WSJ: Nonfarm payrolls rose by a seasonally adjusted 255,000 last month, the Labor Department said...
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Gold, rising interest rates and the falling Yuan
Interest rates are rising. Upward breakout from an ascending triangle formation on 10-year Treasury yields indicates an up-trend. A rate hike from the Fed would increase pressure on the Chinese Yuan,...
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Gold respects support
10-Year Treasury yields are retracing to test the recent support level at 1.60 percent but the trend remains upward. The Chinese Yuan is easing against the US Dollar, with USDCNY in a gradual up-trend...
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Gold: Further weakness likely
US Treasury yields are rising, with the 10-year yield breaking through 1.80 percent to signal a test of 2.0 percent. Further rises are likely on the back of stronger GDP figures for the last quarter....
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Gold weakens as interest rates rise
Interest rates are climbing steeply as the market anticipates more inflationary policies under a Trump presidency. 10-Year Treasury yields broke through 2.0 percent and are testing resistance at 2.50....
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Yuan Warning
Our forex data feed shows a current USDCNY exchange rate of 7.4775, which matches Barcharts.com and Google Finance, but Bloomberg and NetDania show a far lower rate of 6.8681. We have asked our data...
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Shanghai breaches support
Copper is testing long-term support at 5400, suggesting weak demand from China. Breach would signal a primary down-trend. The Yuan has enjoyed a respite, consolidating in a narrow line for several...
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Gold falls despite soft Dollar
Spot Gold broke support at $1250. Follow-through below $1240 would signal another test of primary support at $1200. But the Dollar Index is also falling. Breach of 96.50 warns of a decline to the 2016...
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Gold surges above $1300
A weak Dollar and rising geo-political tensions over North Korea are bullish for gold which surged through resistance at $1300/ounce. Target for the advance is $1400*. Rising Twiggs Trend Index...
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Dollar breaks support, Gold rises
The Dollar Index broke support at 92. Retracement may test the new resistance level but respect is likely would confirm the long-term target of 83*. *Target: 93 – ( 103 – 93 ) = 83 The Dollar is also...
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