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.

Free Trading Guides
EUR/USD
Bearish
Oil - US Crude
Mixed
Wall Street
Bearish
Low
High
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
Gold
Mixed
Low
High
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
GBP/USD
Mixed
USD/JPY
Mixed
Low
High
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
  • What are the truths and lies of #forex trading regardless of your #tradingstyle here: https://t.co/uF75VPzstr https://t.co/cuH9YESlr2
  • The $SGD is driven by the Monetary Authority of Singapore, which manages exchange rate instead of short-term interest rates. Learn more on the SGD and how to trade it. Get your SGD market update from @ddubrovskyFX here:https://t.co/eWLM9XZs5Y https://t.co/HdiCLtSFre
  • #Bitcoin prices may see a pickup in volatility ahead of the 2020 halving as the #coronavirus pandemic threatens to disrupt cross-continental $BTC mining operations. Get your market update from @ZabelinDimitri here: https://t.co/BoH24MVf4P https://t.co/4bgTwNqVvG
  • (Weekly Outlook) The Japanese #Yen faced a mixed week against currencies such as the US Dollar, Euro, British Pound and Canadian Dollar. What is ahead for $USDJPY, $EURJPY, $GBPJPY and $CAD/JPY? - https://www.dailyfx.com/forex/technical/article/fx_technical_weekly/2020/04/04/Japanese-Yen-Weekly-Forecast-USDJPY-EURJPY-GBPJPY-CADJPY.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/Flgbd5b2ag
  • Foreign exchange – or “#forex” – markets often pay close attention to politics and central bank policy. We offer a model for traders to gauge their impact on exchange rates. Get your market insight from @ZabelinDimitri and @CVecchioFX here: https://t.co/FbXc1Awu6a https://t.co/Qbhs4ndgPa
  • Why must financial market traders monitor both monetary and fiscal policy? Find out from @MartinSEssex here: https://t.co/Fkzk88Y5gm https://t.co/AldbSctm9V
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here: https://t.co/yF133btXFd https://t.co/Sjnr0iVgAf
  • Upside momentum stalls with the #DAX and #FTSE 100 vulnerable to testing lower levels as the economic backdrop deteriorates further. Get your #equities technical analysis from @JMcQueenFX here: https://t.co/BFIaXTfDcs https://t.co/q0Mso4zWlT
  • RT @iv_technicals: *TRUMP SAYS HE'D USE TARIFFS IF NEEDED TO PROTECT OIL INDUSTRY - BBG #OOTT #WTI $USO
  • After the pattern is composed with the closing of the signal candle, then you can look to the following candle to identify a clear bias and risk points. Learn how to apply this knowledge to a trading strategy here: https://t.co/uh3NwgHBVv https://t.co/yl4KUMNmUh
Guest Commentary: Gold & Silver Daily Outlook 01.10.2012

Guest Commentary: Gold & Silver Daily Outlook 01.10.2012

2012-01-10 15:38:00
Lior Cohen, Energy Analyst for Trading NRG,
Share:

Gold & Silver Prices - Daily Outlook January 10

Gold and silver started the second week of 2012 with light changes as gold price moderately declined and silver price slightly rose. According to a recent Federal Reserve report, consumer credit is on the rise; this news might indicate that U.S. households are more willing to borrow funds and consequently might affect not only the stock markets but also commodities market. Today, China's trade balance report will be published.

For the complete daily gold price and silver prices forecast for January 10th sees here in Trading NRG

Gold slightly decline on Monday by 0.54% to $1,680.1; silver on the other hand moderately inclined by 0.35% to reach $28.78. In the chart below are the normalized gold and silver of recent weeks (gold and silver are normalized to December 23rd). During January, gold rose by 2.6% and silver by 3.1%.

Guest_Commentary_Gold_Silver_Daily_Outlook_01102012_body_Gold_10.png, Guest Commentary: Gold & Silver Daily Outlook 01.10.2012

On Today's Agenda

China's Trade Balance: according to Reuters China's trade surplus will reach a four month high of $21.6 billion, but during 2011 China's surplus has shrunk to $160 billion; if this trend will continue it could indicate that China's economic growth is slowing down;

Forex / Gold & Silver– January

The Euro/USD changed direction and slightly rose on Monday by 0.38% to reach 1.2765; other forex exchange rates such as the Australian dollar also appreciated against the USD. If major currencies will continue to appreciate against the USD, it may also pressure up gold and silver. Currently, the Euro/USD is traded moderately up.

U.S. Treasuries / Gold & Silver– January

During January the U.S. 10-year Treasury yield rose by 0.09 percent point. This upward trend might indicate that the risk appetite in the markets has inclined. This rise in the U.S. LT yields may have also been stem from the recent Federal Reserve report showing consumer credit surged the most in a decade. Furthermore, as seen in the chart below, during December and January there were strong positive correlations among the daily percent changes of U.S. 10 year notes yield and gold and silver. If the LT U.S. treasury yield will further rise, it may also continue to pressure up gold and silver.

Guest_Commentary_Gold_Silver_Daily_Outlook_01102012_body_Chart__10.png, Guest Commentary: Gold & Silver Daily Outlook 01.10.2012

Gold and Silver Outlook

Gold and silver started off the week with light changes, but as the week will progress theforexand commodities markets will probably start to shift more sharply. This may be prompted by the upcoming ECB rate decision and the major U.S. reports to be published. Today, since there are few reports to be published, I speculategold and silverwill probably continue to zigzag around an upward trend as was the case in the past couple of weeks; theprecious metalswill be directed by the changes in theforex, U.S. treasuries and American stock markets as indicated above.

For further reading:

Gold and Silver Prices Outlook for January 2012

Weekly Outlook for 9-13 January

Gold and Silver Prices Weekly Outlook for January 9-13

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 research@dailyfx.com

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

DISCLOSURES

News & Analysis at your fingertips.