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Thread: Wild Card Gold

  1. #1

    Default Wild Card Gold

    Monday, 14 Sep 2009
    Obama Speech to Impact Dollar

    The Dollar is likely to go volatile during and following the speech by President Obama today at 16:00 GMT. Meanwhile, forex traders are advised to take positions on trades, as a few of data releases coming out of Euro-Zone and Britain are likely to affect the greenback's main currency crosses.

    The Wild Card
    Gold

    Gold prices rose significantly in the last week and peaked at $1003.45 for an ounce. However, the daily chart's RSI is floating in an overbought territory suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. This might be a good opportunity for forex traders to enter the trend at a very early stage.

  2. #2

    Default Wild Card Gold 17 Sep 2009

    Wild Card Gold 17 Sep 2009

    Thursday, 17 Sep 2009
    USD Continues Decline; Slow Economic Recovery Expected

    With recent fears over inflation and fiscal deficits, the market surprisingly appears calmer than it should be. The USD has continued its decline, suggesting that either faith in the American economy is fleeting, or investors are increasing their risk appetite and dumping US Treasuries. Either way, the decline in the value of the USD has helped boost energy prices and fueled export growth worldwide. Economic recovery seems to be underway, but many caution that it will still be a long and bumpy ride

    The Wild Card
    Gold

    This precious metal's sustained upward movement has resulted in its price floating in the over-bought territory on the 4-hour and daily RSI, suggesting significant downward pressure ...read more.

  3. #3

    Default The Wild Card Gold 5 Oct 2009

    The Wild Card Gold 5 Oct 2009
    Monday, 5 Oct 2009
    EUR/USD Volatility Ripples across FX Market

    As the first week of October kicked off last week, traders witnessed a number of volatile jumps in the worlds 2 primary currencies: the EUR and USD. Optimism appeared to be on the rise in America while Europe was giving off signals of a lagging economy. The USD had pared a moderate percentage of its previous losses until employment data in the US hampered those gains and sent the EUR flying high. As a result, every other currency in the forex market was impacted in a similar way since these currencies have the ability to influence world prices. The question remains: Will this week's data calm the market, or simply add fuel to the flames?

    The Wild Card
    Gold

    A bearish cross has recently taken place on the hourly Slow Stochastic for this commodity, suggesting an impending downward correction is imminent. The bearish cross on the 4-hour MACD supports this notion. Forex traders involved with the commodities market might want to consider going short on Gold in the next few hours as an overwhelming amount of evidence suggests bearishness for the day. forex|forex trading|learn forex|forex trading software

  4. #4

    Default The Wild Card Gold 7 Oct 2009

    The Wild Card Gold 7 Oct 2009

    Wednesday, 7 Oct 2009
    Attention Turns to Crude Oil Before Inventory Data

    With the US Dollar's future feeling uncertain, attention seems to have turned towards Crude Oil following speculation that the Gulf States recently discussed dropping the USD for oil trading in exchange for a basket of currencies. While the rumor was denied later by Gulf State leaders and foreign ministers, the impact created a moment for pause in the market. As a result, many are now focusing their attention on today's Crude Oil Inventories report to find out where the relative level of demand for the commodity currently stands to gauge if these rumors have any substance behind them.

    The Wild Card
    Gold

    The recent upward movement of this commodity's price has pushed its technical indicators into a corrective posture. The 4-hour and daily Slow Stochastic are showing bearish crosses and the 4-hour RSI has the price floating near the highest level of the over-bought territory, suggesting very strong downward pressure. Forex traders involved in the commodities market will not want to miss out on the apparently obvious downward movement that this commodity is expecting! http://forexqs.blogspot.com

  5. #5

    Default The Wild Card Gold 19 Nov 2009

    Dollar Falls on Fed Official's Rate Comments And The Wild Card Gold 19 Nov 2009
    Thursday, 19 Nov 2009
    Dollar Falls on Fed Official's Rate Comments

    The EUR advanced on the U.S dollar Wednesday, but failed to reach the $1.50 mark as investors zeroed in on a Fed official's comment suggesting key interest rates could remain low until 2012. Federal Reserve officials were quoted saying that the Fed could keep short-term fed funds rates at near-zero until early 2012. The ultra-low rates weigh on the U.S dollar, as investors use the buck to fund investments in higher-yielding assets.

    The Wild Card
    Gold

    Gold prices rose significantly in the last month and peaked at $1141.25 for an ounce. However, the daily chart's RSI is floating in an overbought territory suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. This might be a good opportunity for forex traders to enter the trend at a very early stage.
    forex|forex trading|learn forex|forex trading software

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100, color, eur, forex, gold, high, indicators, low, macd, main, rsi, signals, stochastic, trading, trading software, trend, usd

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