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
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here: https://t.co/rz7fqi8ZEe https://t.co/Gps2Xp32h9
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here: https://t.co/kODPAfJE79 https://t.co/hftCEho1lM
  • Gold price action is primed for volatility next week with the Fed decision on deck. How real yields and the US Dollar react to fresh guidance from Fed officials will be key for gold outlook. Get your weekly gold forecast from @RichDvorakFX here: https://t.co/MzaIl7tPmZ
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here: https://t.co/arxYmtQeUn https://t.co/rFlQtyQS81
  • Canadian Dollar snapped a three-week losing streak after USD/CAD stalled at key technical resistance. Get your CAD weekly forecast from @MBForex here: https://t.co/BPHuKecwnz https://t.co/73OmuCKfU9
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here: https://t.co/CNtqrKWDBY https://t.co/KzhQnGiLyt
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here: https://t.co/7t4BzmLg8w https://t.co/cuneuJNZlH
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here: https://t.co/d8Re5anlG5 https://t.co/danCiP5vqK
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here: https://t.co/9S5tXIs3SX https://t.co/JhYoQ7I19K
  • The Nasdaq 100 index is aiming to breach a key resistance level at 14,950 for a second time. A successful attempt may open the door to further gains, although the MACD indicator flags signs of weakness. Get your equities forecast from @margaretyjy here: https://t.co/BEYupi32qB https://t.co/PWeXE8tZVY
Guest Commentary: Gold & Silver Daily Outlook 04.26.2012

Guest Commentary: Gold & Silver Daily Outlook 04.26.2012

Lior Cohen, Energy Analyst for Trading NRG,

Gold and silver didn't react to the recent FOMC statement to keep policy unchanged. Both metals slightly declined yesterday, while many other commodities increased and the USD depreciated against the Euro. It seems that the market had already anticipated no headlines from the recent FOMC meeting; eventually it was only a storm in a teacup.

On today's agenda: U.S Pending home sales, BOJ monetary policy update, U.S weekly update on jobless claims, and the Italian auction bond sales.

Gold slipped on Wednesday by 0.09% to $1,642.3; silver even more than gold decreased by 1.27% to $30.43. The Euro/USD edged up on Wednesday by 0.15% to 1.3217.

The ratio between gold and silver rose to 53.98. During April the ratio increased by 4.88% as gold has outperformed silver during the month.

Guest_Commentary_Gold_Silver_Daily_Outlook_04.26.2012_body_Ratio_April_26.png, Guest Commentary: Gold & Silver Daily Outlook 04.26.2012

On Today's Agenda

U.S. Jobless Claims Update: in the previous update the jobless claims edged down to 386,000; this upcoming weekly report may affect the path of the USD and consequently bullion;

U.S. Pending Home Sales: In the previous report the pending home sales index declined by 0.5%. If the pending sales will decline, this may weaken the USD;

Daily Outlook

Gold and silver didn't react to the FOMC meeting statement and the Press conference that followed. This might suggest that bullion will remain flat for the rest of the month. Up to now, bullion didn't do well during the month. The upcoming reports from the U.S including jobless claims and pending home sales may positively affect bullion prices if these reports won't be positive. Finally, if the Italian bond sale will go well it may also positively affect the Euro.

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

For further reading:

Weekly Outlook for 23-27 April 2012

Gold and Silver Weekly Outlook for April 23-27

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