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. See our updated Privacy Policy here.



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
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
Oil - US Crude
Wall Street
More View more
Real Time News
  • Gold plunged into a critical uptrend support and the focus is on a reaction off this threshold. Get your $XAUUSD market update from @MBForex here:
  • NY Fed accepts $813.6 billion in reverse repo operations, a new record high $USD $DXY
  • Bostic sees first hike in 'late 2022' and doesn't want to hike until Taper is complete. If the Fed follows the three quarter spacing timeline it would suggest roughly: Dec 2022 hike < March 2022 finish taper < any month now start taper
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 88.94%, while traders in GBP/JPY are at opposite extremes with 73.25%. See the summary chart below and full details and charts on DailyFX:
  • Note: Bostic is a voter this year, but not a voter in 2022 or 2023
  • - Would prefer to hold off on raising interest rates until taper is complete
  • - Does not have a strong view on whether to taper mortgages before treasuries - Does not want to be premature in pulling back bond purchases, but market is functioning now
  • - Close to meeting substantial further progress standard to start bond tapering, appropriate to begin debate
  • Fed's Bostic - States that given upside surprises has brought forward first rate increase to late 2022 and sees two additional 25bps rate increases in 2023
  • EUR/USD trades to a fresh weekly high (1.1955) as Fed Chairman Jerome Powell strikes a dovish forward guidance in front of US lawmakers. Get your $EURUSD market update from @DavidJSong here:
Guest Commentary: Gold & Silver Daily Outlook 01.20.2011

Guest Commentary: Gold & Silver Daily Outlook 01.20.2011

Lior Cohen, Energy Analyst for Trading NRG,

Gold and silver changed direction and after they had risen for two consecutive days, they have moderately decreased in yesterday's trading. Other commodities also traded down including oil (WTI). Yesterday the U.S. initial jobless claims sharply fell by 50k. Today, the U.S. existing home sales report will be published, and Canada's core consumer price index.

For the complete daily gold price& silver price forecast for January 20th see here in Trading NRG

Gold slipped on Thursday by 0.33% and reached $1,654.5; silver also decreased by 0.11% and reached $30.51. During January, gold increased by 5.6% and silver by 9.29%.

Guest_Commentary_Gold_Siver_Daily_Outlook_01.20.2012_body_Gold__20.png, Guest Commentary: Gold &amp; Silver Daily Outlook 01.20.2011

U.S Housing Starts Fell by 4.1%

According to a recent report, privately owned Housing starts fell in by 4.1%; nevertheless, the annual rate for December 2011 was 24.9% above the December 2010.

As I have sited in the pasts, there is a supposed lagged (by one day) and negative relationbetween the development in housing starts and gold; i.e. as Housing starts annual rates falls, gold tends to increase the following day. If this relation will hold up then we should expect gold to rally today.

Forex / Gold & Silver– January

The Euro/USD rose again for the third straight day, yesterday by 0.82% to reach 1.2863; currently it seems that the debt auctions of France and Spain went well, as they have sold their bonds at a lower yields than anticipated. Therefore, if the Euro will further appreciate against the USD it may help rally gold and silver.

U.S. Treasuries / Gold & Silver– January

In recent months there seems to be positive linear correlations between the daily percent changes of U.S. 10 year notes yield and precious metals (during January, the linear correlations for 10 year note yields and gold and silver is 0.55 and 0.634, respectively). If the LT U.S. treasury yield will continue to rise, it may also indicate that gold and silver will tend to increase.

Guest_Commentary_Gold_Siver_Daily_Outlook_01.20.2012_body_Correlation__19.png, Guest Commentary: Gold &amp; Silver Daily Outlook 01.20.2011

Gold and Silver Outlook

Gold and silver changed direction and slightly fell yesterday, but their general trend in January is still upward. The ongoing rally of the Euro against the USD will continue to affect commodities trading and may trade up gold and silver during the day. Finally, the upcoming U.S. existing home sales might affect the direction of gold and silver as I have presented in the past.

For further reading:

Gold and Silver Prices Outlook for January 2012

By: Lior Cohen, M.A. in Economics, Commodities Analyst and Blogger at 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.