Markets Analysis

Gold reverses sharply

 Medium Term Update: Gold has reversed sharply since high 1558

Saturday, January 28, 2012 - 02:29
The US dollar fell against all of its most liquid counterparts this past week. In fact, the Dow Jones FXCM Dollar Index tumbled for 9 out of the 10 past trading days and subsequently closed out the trading week at its lowest level since November 14th.
Friday, January 27, 2012 - 14:56
In what appears to be shaping up as a day of consolidation, the Japanese Yen has outpaced the rest of the majors. This is the first move towards a new all-time low in USD/JPY.
Friday, January 27, 2012 - 14:10
Positive developments coming out of the euro-area encouraged risk-taking behavior on Friday, but the rise in market sentiment may be short-lived as the outlook for global growth deteriorates.
Friday, January 27, 2012 - 09:55
Crude oil and gold prices are poised to advance as US economic growth accelerates to the fastest pace in over a year in the fourth quarter.
Friday, January 27, 2012 - 08:19
The Yen is poised to extend overnight gains as markets look past the limited implications of the US GDP report to focus on the upcoming EU leaders’ summit.
Friday, January 27, 2012 - 07:09
The gains in the currency market over the past few weeks have been impressive, but ultimately they are still classified as corrective and the US Dollar will once again emerge…
Friday, January 27, 2012 - 03:09
Did the Fed meet the market’s expectations for greater accommodation? A forecast of virtually-zero interest rates through the end of 2014 does not have the same level of amperage that a wholesale asset purchasing program (long ago given the moniker ‘QE3’) would. The masses seem to...
Thursday, January 26, 2012 - 21:00
The world’s largest economy is expected to expand at a faster pace in the fourth quarter and the GDP report may increase the appeal of the USD as the development dampens the scope for additional monetary easing.
Thursday, January 26, 2012 - 14:55
Market sentiment continued to pick up on Thursday amid the FOMC’s pledge to retain a zero interest rate policy well into 2014, but the rise in risk-taking behavior may be short-lived as the sovereign debt crisis comes back into focus.
Thursday, January 26, 2012 - 14:49
Higher yielding currencies, risk-correlated assets, and precious metals are all up big on the day as the Federal Reserve’s ultra-dovish monetary policy outlook has destroyed the U.S. Dollar.

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