European stocks not liking the higher EUR

Major indices lower on the dayThe major European stock indices are trading lower on the day. The higher EUR is not helping.  The EURUSD just traded at new session highs as European traders look to go home. That is the highest level since the 1st week of 2015.  The price is also targeting the all […]

Euro continues the march to 1.20

Fresh two-and-a-half year highs EUR/USD hit a fresh high of 1.1966, climbing above the early-Asia levels. The pair had dipped to 1.1920 but has held a steady bid since Europe rolled in. The story is the storm in Texas. It’s going to crimp Q3 growth and cloud the outlook. In turn, that’s going to make […]

Analysis of Gold for August 28, 2017

Recently, gold has been trading upwards. The price tested the level of $1,299.55. According to the 30M time frame, I found the rising wedge formation, which is a sign that buying looks risky. My advice is to watch for potential selling opportunities. There is also hidden bearish divergence on the moving average oscillator, which is […]

Gold breaks out to highest since November

Gold up $13 to $1304 Gold has been flirting with a double top at $1300 for the past week or so. It climbed through earlier this month but wasn’t able to sustain it. The breakout today is a strange one because there is nothing going on in the bond market or stocks. Aside from oil, […]