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.

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
EUR/USD
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
Oil - US Crude
Mixed
Wall Street
Mixed
Gold
Bearish
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out: https://t.co/td5WA4hCZC https://t.co/lKvEMf4QRe
  • Weakness in equity markets continued last week as losses built and technical patterns hint further bearishness might be ahead. Get your #equities update from @PeterHanksFX here: https://t.co/GGVrB3r7if https://t.co/HPHUC8EG3o
  • 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/5uSWKoLkd6 https://t.co/q80wSAoxXP
  • There is a great debate about which type of analysis is better for a trader. Is it better to be a fundamental trader or a technical trader? Find out here: https://t.co/aVAzFypAg1 https://t.co/7mc19Gxrvm
  • #Gold prices succumbed to selling pressure as the US Dollar soared this past week What is #XAUUSD facing these next few days and can these fundamental forces extend its selloff? Check out my outlook here - https://www.dailyfx.com/forex/fundamental/forecast/weekly/chf/2020/09/26/Gold-Price-Outlook-Rising-US-Dollar-Sinks-XAUUSD-Will-Losses-Extend.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/gPhy0KoW3W
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here: https://t.co/38gTDnpPbn https://t.co/Xtk5g4JQEB
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here: https://t.co/3Wked6GBOp https://t.co/SsUguHB39W
  • 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:https://t.co/1oygcFMFNs https://t.co/aD1ZWhTWZp
  • The price of #oil may continue to trade in a narrow range as the rebound from the September low ($36.13) appears to have stalled ahead of the month high ($43.43). Get your #commodities update from @DavidJSong here: https://t.co/719LgjFmYG https://t.co/SSoqjONUzA
  • The Australian Dollar may extend its slide lower despite the planned easing of Covid-19 restrictions, as the market continues to price in an RBA rate cut on October 6. Get your #currencies update from @DanielGMoss here: https://t.co/HJpngnerzY https://t.co/g6X8ABQDwY
Guest Commentary: Gold & Silver Daily Outlook Novermber 26-30.2012

Guest Commentary: Gold & Silver Daily Outlook Novermber 26-30.2012

2012-11-26 14:17:00
Lior Cohen, Commodities Analyst at Trading NRG,
Share:

The prices of gold and silver rallied during last week after they had declined during the previous week. The high volatility of precious metals returned during most of the week. Will this high volatility and upward trend continue on the last week of November?

The recent EU Summit and the EU group meetings didn’t result in big decisions regarding the EU budget or the Greek bailout. There were, however, reports that there might be a decision on the Greek bailout this week.

In the video report herein presents an outlook of gold and silver that include the main publications and events that may affect precious metals during November 26th and November 30th. Some of these reports include:

Tuesday – U.S Core Durable Goods: This report may indirectly indicate the shifts in U.S. demand for commodities such as oil. As of September, new orders of manufactured durable goods declined by $19.6 billion; if this report will show growth in orders then it could pull up US dollar but;

Wednesday – U.S New Home Sales: in the previous report, the sales of new homes rose to an annual rate of 389,000 – a 5.7% gain; if the number of home sales will continue to rally, it may indicate a sign of recovery in the U.S real estate market;

Thursday – Second U.S GDP 3Q 2012 Estimate: In the preliminary estimate, the U.S GDP during the third quarter expanded by 2%. This presents a modest rise in the growth rate for the US's GDP. If the GDP growth rate will rise, it could lower the chances of the FOMC intervening again the U.S financial markets;

In conclusion, I guess gold and silver will continue their recent upward trend during the last week of November. There might be a fall, however, in the volatility of precious metals. The volatility might rise again during the first week of December that will entail many big news items and events. The upcoming Euro-group Summit could affect the Euro if the EU ministers of finance will reach an agreement regarding the next Greek bailout. The upcoming reports regarding the U.S economy include the new home sales, core durable goods and GDP for Q3, could affect the USD and commodities prices: if these reports will show little growth in the U.S economy, they could adversely affect the USD.

For further reading:Weekly Outlook of Financial Markets for November 26-30

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