News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • “The UK and EU have agreed to return to the negotiating table to try to agree a post-#Brexit trade deal. But on Friday, a joint statement said ‘significant divergences’ remained.” - BBC News #GBP
  • Multiple time frame analysis follows a top down approach when trading and allows traders to gauge the longer-term trend while spotting ideal entries on a smaller time frame chart. Learn how to incorporate multiple time frame analysis here:
  • Forex sentiment analysis can be a useful tool to help traders understand and act on price behavior. Learn how to get the most out of understanding trader sentiment here:
  • The rising wedge is a popular reversal pattern that is predictive in nature and can give traders a clue to the direction and distance of the next price move. Incorporate the rising wedge in your trading strategy and learn more here:
  • Both the S&P 500 and $EURUSD will enter the coming week with momentum to their back. What can trip up the rallies? What could keep them going? My overview for the week ahead:
  • After the recent strength of EUR/USD, a period of consolidation is likely ahead of two critical meetings: of the European Central Bank and the European Council. Get your $EURUSD market update from @MartinSEssex here:
  • Triangle patterns have three main variations and appear frequently in the forex market. These patterns provide traders with greater insight into future price movement and the possible resumption of the current trend. Learn about triangles here:
  • Continuation patterns can present favorable entry levels to trade in the direction of the prevailing trend. Use continuation patterns in your technical analysis here:
  • Cyclical and non-cyclical stocks can help diversify a trader’s equity portfolio. Get your guide to understanding these stocks here:
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here:
Guest Commentary: Gold & Silver Daily Outlook 01.04.2012

Guest Commentary: Gold & Silver Daily Outlook 01.04.2012

2012-01-04 13:37:00
Lior Cohen, Energy Analyst for Trading NRG,

Gold and silver started the first trading day of 2012 with very sharp gains. These gains were not only in commodities markets, but also in the American stock markets. It seems that the recent positive reports on the growth in the manufacturing sectors in the U.S. and China helped push up the financial markets. The January effect may have also played a role in this rally. Today, the Euro Area Annual Inflation report will be published, U.S. Factory Orders and the Australian Trade Balance report.

Gold sharply rose on Tuesday by 2.15% to $1,600.5; silver also followed and sharply inclined by 5.94% to reach $29.57. In the chart below are the normalized gold and silver during the past couple of weeks (normalized gold and silver to December 14th 2011).

Guest_Commentary_Gold_Silver_Daily_Outlook_01.04.2012_body_Gold__4.png, Guest Commentary: Gold & Silver Daily Outlook 01.04.2012

On Today's Agenda

U.S Factory Orders: This report will examine the changes in U.S. factory orders of manufactured durable goods in November. This report may indirectly signal the changes in U.S. demand for commodities. According to the recent flash report, during November new orders of manufactured durable goods increased by $7.5 billion or 3.8% to $207.0 billion; (for the full report);

Australian Trade Balance: The upcoming report will regard November 2011. In the October report, the seasonally adjusted balance of goods and services sharply fell from a surplus of $2,249 million in September 2011 to $1,595 million in October 2011 – a $654 million decrease. The export of non-monetary gold fell by $197 million (15%); if the gold exports will continue to fall in October, it might suggest a decrease in demand for non-monetary gold that could explain the decline in gold (see here last report);

Forex Trading / Gold & Silver– January

The Euro/USD started the year with a sharp increase of 0.69% to reach 1.3051; other forex exchange rates such as the Australian dollar also sharply appreciated against the USD. If major currencies will continue to appreciate against the USD, it may also pressure up gold and silver.

American Stock Markets / Gold & Silver– January

The S&P500 sharply rose on Tuesday by 1.55% to 1,277.06. As presented in the chart below, the S&P500 continues to be strongly and positively correlated to gold (during December the linear correlation was 0.681 with gold and 0.709 with silver), so that if the stock market will continue to rally not only because of the good news presented in the U.S. but also the due to the January effect, it may also indicate that gold and silver are likely to follow and rise as well.

Guest_Commentary_Gold_Silver_Daily_Outlook_01.04.2012_body_Correlation_4.png, Guest Commentary: Gold & Silver Daily Outlook 01.04.2012

Gold and Silver Outlook

Gold and silver started January on a positive note with very sharp gains. This rally comes after gold and silver declined during the last month of 2011 .This rally, however coincided with the sharp gains recorded in the U.S. stock markets, and other commodities; major currencies sharply appreciated against the USD. If the "risk currencies" including the AUD will continue to rise, it may help keep gold and silver up. Furthermore, if the upcoming U.S. and Australian reports will show an increase it could also help push up major financial markets and consequently may also pressure up precious metals. Finally, the January effect might continue to push up the stock markets, which, in turn, may also positively affect gold and silver.

For further reading:

Gold and Silver Prices Weekly Outlook for January 2-6

Weekly Outlook for 2-6 January

Get the recent gold and silver outlook report for free! Just sign up to Trading NRG's newsletter.

By: Lior Cohen, Energy Analyst for Trading NRG

Would you like to see more third-party contributors on DailyFX? For questions and comments, please send them to

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.