Showing posts with label Yen. Show all posts
Showing posts with label Yen. Show all posts
Gold Yen indicates some kind of top (short or mid term) is around here so take note and be conservative with bearish USD speculation.
Dear readers,In recent weeks the Dow Jones World Index had it's worst decline since 2002.On the same page the VIX reached the highest point since 2003.Given recent moves in major currencies (EURJPY 169 – 149, GBPJPY 251-219) gold have been as stable as one can expect from a major independent private currency. This is very encouraging to say the least. Odds still favors higher gold rates more then
Dear readers,The USD is looking oversold here and some bounce might be expected. If you add a channel the way I did, you can see that the USD index is at the bottom of the channel. In addition, the USD just tested the psychological important 80 level – this level was rarely violated, ever.USD Index Daily Chart (note the deep oversold condition of RSI 14)Try to avoid shorting the Yen as the crowed
First Japanese gold ETF due to launch Aug. 10sourceAs well as Small-Lot Gold Futures Trading on TOCOM(100 grams per lot , margin = 12,000 Yen)sourceKorea : The government plans to establish an exchange for gold as early as next year.By Lee Hyo-sikStaff Reporter"The government plans to establish an exchange for gold as early as next year to make gold transactions more transparent and discourage
Markets normally lead the press…Japan Should Diversify Reserves, Abe Adviser Ito Says By Shigeki NozawaJuly 11 (Bloomberg) -- Japan, the largest overseas holder of U.S. Treasuries, should invest $700 billion of its currency reserves in higher-yielding assets such as stocks and corporate bonds, said Takatoshi Ito, an adviser to the prime minister.The reserves should be managed by a special fund
Not much change in the USD price of gold (xauusd) today. Gold futures traded and closed slightly higher but priced in Euro and Yen gold is actually down today. The Euro made a new all time high vs. the USD, EURUSD ~= 1.3740. Note that pre issued Euro high was EURUSD 1.4750, Long term (30 years) retro perspective EUR/USD chart.Marginal carry traders capitulated as the Yen rallied strongly. Be
Dear readers,Gold have probably bottomed and in time will be headed higher to challenge recent highs at 700 U$D / 520 € / 83,000 ¥. Silver confirms this assumption and the silver /gold ratio shows relative strength. Elliott Waves Cyclical view: The advance from the recent low consist of multiple sequences of intraday impulsive 5 waves patterns (visible on minutes charts). Despite the recent
The Yen Is a hot topic lately and so called "Experts" decided that the Yen is to be blamed for the recent volatility hiccup of the global markets. Well, it is true that gold in term of yen made a new 20 plus year high just recently whereas in terms of USD and Euro it did not. This fact might be important to remember.As for the USD/JPY pair?Let's put aside the carry trade and interest rates and
Dear readers,Gold in terms of yen have made a new multi years high (See the long term gold/yen chart below).Other then this I would like to repeat several points:As the great global gold bull market continues expect the price of gold to be more effecting for other market prices and less effected by them. Expect more gold products. Most importantly – Volatility will rise from time to time both on
Dear readers,Don’t be surprised to see Higher USD Index along Higher Gold price.See also : HUI BreakoutBelow are daily charts of Gold in Euro and Gold in Yen, can you see the inverted head and shoulders patterns?
Dear readers,I'm posting Gold/Euro and Gold/Yen Fibonacci charts for your reference, notice the stochastic crossover.click on the charts for larger view.
Some of the latest gold market news from around the world:Singapore gold fund trading starts next weekSINGAPORE, Oct 5 (Reuters) - StreetTRACKS Gold Shares (GLD.N: Quote, Profile, Research), the world's largest gold exchange-traded fund, would be cross-listed in Singapore next week in a move to capitalise on Asia's growing fondness for bullion.It will be listed on Oct. 11 on the Singapore
The gold market has been pretty boring the last few trading days. Gold is stuck in a relatively tight trading range (638$ - 656$) – see the first gold chart below. Looking at the 3 month gold charts – gold formed a triangle pattern which is not yet completed. The pattern is similar for Gold/USD, Gold/Euro and Gold/Yen. Silver already broke above its diagonal resistance and consolidates around the
Dear readers,The news which directly or indirectly related to gold are usually subjective and often causing exactly the opposite from what is assumed to be logical (sell the news syndrome). Technicals on the other hand are objective, at least when viewed from numeric perspective.I have prepared three intraday gold charts covering the short term history of Gold/$, Gold/€ & Gold/¥ exchange rates. I
Gold encountered relatively strong resistance area at 656$ -658$ for the spot dollar price (38.2% Fib on the short set & 23.6% Fib on the long set –weekly chart). That’s along the relevant Fibs on GOLD/EURO & GOLD/YEN (yesterday charts). The price of gold pulled back sharply as smart traders took profits at the zone of resistance taking advantage of the hype regarding so called International
First I want to offer my condolences for Indian readers who suffered horrifying terror event at the city of Bombay. In the short term the technicals rule the price of gold. Gold was due for a bounce with or without the Bombay event (see yesterday chart).The Aug gold future contract managed to close above its 50 DMA but is currently still struggling with the 50% Fib line. Spot gold did cross its
Technically - Not much change from yesterday. Offline and online forex traders should take a deep look at these charts:See: Gold and Silver stocks - chart reviews
There are numerous press release, short recommendation, publication and observation which are all stating a bearish view toward the USD. I am well aware of the arguments which imply that the USD should head lower vs. other national currencies and there is no need to mention them. But, as I already discussed in several previous posts, the Forex market seems to be well managed toward stability.Here
I haven't noticed any interesting or important news which are directly related to the gold and silver markets. Just the usual Silver ETF hype, Inflation deflation debates, Commodity bull cycle, Debts and Interest rates & the usual gossip. Since Jan 01 2006 Gold is up against the Euro (€) ~ 11.50% , up against the USD ($) ~ 13.74% & up Against the Yen(¥) 14.24% The gold silver ratio (XAU/XAG) = ~
Gold broke up against the upper diagonal downtrend line, in addition it now trades above the { B }high. Gold in terms of USD, EURO & YEN is trading in a correlated fashion. Silver continue to go higher making new multi years day after day (long term silver charts).gold and silver stocks reviewsClick on the charts below to enlarge
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