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Gold Slammed Lower Amid Strength in the Greenback

COMEX gold futures traded sharply lower in Tuesday trading, falling to the lowest levels since June 17th. Gold futures fell as low as $1262 an ounce, a drop of over $25 from the high of the day. Geopolital tension over the crisis in Ukraine has supported gold as a safe haven, but continued strength

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USD/JPY Spikes to 8-Month High

The US Dollar rallied to it’s highest levels since the beginning of January against the Japanese Yen in early Tuesday trading. The diverging policies of the Federal Reserve and the Bank of Japan helped to boost the greenback, which has also risen to it’s highest levels in a year against

Euro Falls to 1 Year Low Against US Dollar at the Outset of Data Heavy Week

The Euro fell modestly in early trading on Monday, reaching a one year low against the US Dollar. August marked the second consecutive month of losses for EUR/USD. Rising fears over the crisis in the Ukraine pressured the 18-nation common currency, which fell to a low of 1.3118 in overnight trading.

Euro Falls to New 11 Month Lows Against the Dollar After Draghi Comments

ECB president Mario Draghi’s comments on Friday raised market expectations of quantitative easing in the euro zone, sending the European common currency sharply lower. Draghi, speaking at the Fed’s annual meeting of top central bankers and economists in Jackson Hole, Wyoming, stated that

Gold Takes it on the Chin After FOMC Minutes

COMEX gold futures are trading lower on Wednesday following a sharp drop on Tuesday, when Federal Reserve Minutes showed that some policymakers are pushing for an interest rate hike sooner than the expected date of mid-2015. The US Dollar rallied sharply in reaction to the Fed minutes, reaching the

Dollar Retreats After Jobless Claims Miss Expectations

The US Department of Labor reported on Thursday that seasonally adjusted jobless claims increased by 21k to 311K for the week ending on August 9th. The figure marked a six-week high in claims for unemployment benefits and missed analyst expectations of 295K. The prior week’s figure was revised

Chart of the Day: H&R Block (HRB)

Looking at the H&R Block (HRB) daily chart we can see that a Dark Cloud Cover bearish reversal pattern has formed. On Tuesday, price reached up to $33.42, an area where substantial structure built up after the high set on June 19th, before reversing lower to close below the mid-point of Monday

Sep ’14 NASDAQ 100 ** Neutral Digestion **

- The MKT is in a sideways digestive position with a slight positive bias. - On the SELL side avoid DP BREAKOUT strategies but rather FADE a positive reaction against the DIR after a negative breakdown signal. UP and UT1 REVERSAL strategies are recommended over FADE strategies as “sloppy”

Shooting Star Pattern on Gold Daily Chart

A bearish Shooting Star Japanese Candlestick pattern formed on Friday’s COMEX gold futures daily chart, as prices reversed and closed lower amid outflows from the world’s largest bullion ETF and stabilizing equity markets. Holdings in SPDR Gold Trust (GLD), the world’s largest gold-backe

US Dollar Extends Gains, Nears Key 50% Retracement Level

The US Dollar Index rallied to it’s highest levels since September of 2013 on Wednesday, after ISM Non-Manufacturing PMI beat expectations on Tuesday, boosting confidence in the greenback. The dollar also benefited from rising tensions in the Ukraine as investors sought safe haven from geopoli