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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
Oil - US Crude
Bullish
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
  • The Mexican peso starts the week with a neutral bias despite broad-based U.S. dollar weakness reflected in the DXY Index. Get your market update from @DColmanFX here:https://t.co/pOu7SbQuKi https://t.co/Cmg92SZy5E
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.54% 🇨🇭CHF: 0.42% 🇳🇿NZD: 0.34% 🇦🇺AUD: 0.20% 🇯🇵JPY: 0.15% 🇨🇦CAD: 0.15% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/M3bqkD3vWQ
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.28% Silver: 0.10% Gold: -0.21% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/YQB5eGCIgP
  • RT @BrendanFaganFx: S&P 500 Outlook: Strong Tesla Earnings Kick of Event-Laden Week $SPX $SPY $ES_F $TSLA #Bitcoin Link: https://t.co/gx…
  • Further your forex knowledge and gain informed analyses from industry leaders with our free guides, available today. Download the Q3 guide:https://t.co/7G7pWntiyY https://t.co/DLeMnNiHEh
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.89%, while traders in Wall Street are at opposite extremes with 75.93%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/qBsgvA96zQ
  • Tesla 2Q Earnings: 2Q REV. $11.96B, EST. $11.36B 2Q ADJ EPS $1.45, EST. 97C $TSLA
  • Amazon denies it will accept Bitcoin in statement - BBG #Bitcoin $AMZN
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: France 40: 0.26% FTSE 100: 0.11% Germany 30: 0.11% US 500: 0.01% Wall Street: 0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/EWWKdCxx1c
  • Gold grinding lower, May 2019 trend-line may still come into play. Silver outlook a bit clearer with it trending lower below support. Get your market update from @PaulRobinsonFX here:https://t.co/q9ut8t96hM https://t.co/7LZ0xUCegm
Guest Commentary: Gold & Silver Daily Outlook 04.18.2012

Guest Commentary: Gold & Silver Daily Outlook 04.18.2012

Lior Cohen, Energy Analyst for Trading NRG,

Gold and silver continue to zigzag and perhaps the market is just waiting for next week's FOMC meeting to see if there won't be any big surprises or announcements that could affect the bullion markets. In the mean time, the market will probably continue to shift from gains to losses. The stock markets sharply rose yesterday perhaps due to the easing concerns over the EU debt crisis, the announcement that IMF raised the global growth forecast from 3.3 to 3.5 in 2012 – this was the first raise since 2011. Alternatively the housing starts declined but that didn't seem to have much of an adverse effect on stock markets, and only little positive effect (if at all) on bullion. Today, the minutes of the recent MPC meeting will be released.

Gold edged up on Tuesday by 0.06% to $1,650; silver also increased by 0.99% to $31.69. Despite the different daily percent changes of bullion in recent days, the linear correlation of their daily percent changes is still strong and robust as presented in the chart below.

Guest_Commentary_Gold_Silver_Daily_Outlook_04.18.2012_body_Correlation_18.png, Guest Commentary: Gold & Silver Daily Outlook 04.18.2012

Gold Related News April 18th

Gold sales from Australia declined during March: According to a recent report, Perth Mint, which processes all of Australia's bullion, decreased by 9.6% during March. This news might have been due to the Jewelers' strike in India during last month or a decline in demand for gold for investments. Either way, if this trend will continue, this may adversely affect gold's performance in the near future.

Daily Analysis

Gold and silver continued to zigzag in recent days; even though both metals didn't perform well during most of the month (so far) their fall wasn't sharp and they could change direction if there will be another speculative movement in anticipation for next week's FOMC meeting. In the mean time, I suspect bullion will continue to dwindle and move in a similar direction as the major currencies move with respect to the USD (Euro, AUD).

This gold and silver prices outlook was first presents in Trading NRG

For further reading:

Weekly Outlook for 16-20 April 2012

Gold and Silver Prices Weekly Outlook for April 16-20

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 research@dailyfx.com

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

DISCLOSURES