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EventsTrader replied Jul 24, 2019Agreed. The opportunity seems to be pretty extreme in EUR/USD as far as taking a direction. It's one to monitor for sure.
High Impact Events Trading... Gold & Copper
- EventsTrader replied Jul 23, 2019
Given how weak the euro has been, if we see gold start to risk, gold/eur might be a better option at this point than gold/usd. I'm on the sidelines too.
GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD)
- EventsTrader commented Jul 23, 2019
Blackrock is expecting a dovish ECB, as just about everybody else is too. How dovish? We'll see. I posted a preview that includes some notes and also the recent impact this event has had on gold and eur/usd. Check it out - ECB Meeting - July Preview.
BlackRock upgrades European assets in anticipation of a ‘decisively dovish’ ECB
- EventsTrader replied Jul 23, 2019
Not too long ago we had some discussion on currency correlation with gold. I decided to do some overlays to see which currency had the highest correlation. In case anybody is interested, here's how some major currencies correlate with gold since the ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- EventsTrader replied Jul 23, 2019
I'm keeping a close eye on this because when we see a further shift towards 25bp, it's going to be bearish for gold as the USD will probably rise. This should happen before the FOMC meeting. It's still looking like GDP later this week might be a ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- EventsTrader commented Jul 23, 2019
Interesting article. The author seems to think that Lagarde will be even more dovish that Super Mario. That still remains to be seen. This week's meeting the ECB is likely to signal that rate cuts are in the pipeline. Whoever is heading the ECB, ...
Draghi or Lagarde: A Meaningful Difference for Gold?
- EventsTrader replied Jul 22, 2019
Just a heads up, the SHFE is about to open in 17 minutes. We should see some volatility in gold when it does.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- EventsTrader replied Jul 22, 2019
Right now, gold is making fresh lows for this week.
Gold RIGHT NOW
- EventsTrader replied Jul 22, 2019
Monday was a tough day for everybody trading gold. Whenever it's stuck in such a tight range, it's a tough market to trade. Like Froggy said, it's a new day. Good luck!
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- EventsTrader replied Jul 22, 2019
Gold just broke some support below this week's low. Equity markets are strong, especially the Nikkei. We could see some selling here in gold.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- EventsTrader replied Jul 22, 2019
ECB Meeting - July Preview Monetary Policy Statement Main Refinancing Rate ECB Press Conference Notes: The ECB is widely expected to keep interest unchanged. The consensus is that the ECB will tweak the policy language to an easing bias, and more ...
High Impact Events Trading... Gold & Copper
- EventsTrader replied Jul 22, 2019
Right now, gold continues to trade within a tight range of about 1423 to 1430, since the market opened this week. image
Gold RIGHT NOW
- EventsTrader commented Jul 22, 2019
Predicting platinum's price is going to start rising is a bold call. Here's how platinum's performed in the past 10 or so years. I think I'm going with Deutsche Bank on this one. image
Is it platinum's time to shine? Platinum price forecast for the rest of 2019
- EventsTrader replied Jul 22, 2019
I was expecting a continuation towards the 25bp, after we saw the market pivot on Friday. The fact that we haven't shift more tells us those that are in the 50bp camp are waiting for a trigger. There's a lot of time between now and Friday, but so ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- EventsTrader replied Jul 21, 2019
Since the market opened we've seen more of a shift in rate expectations. Although the price movements don't entirely reflect it so far. We are up around 80% of the market now expecting the 25 basis point cut. In the past few minutes it's actually ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- EventsTrader commented Jul 21, 2019
The markets continue to move towards the expectations of a 25 basis point rate cut. We should see this trend continue and eventually be near 100% prior to the meeting. That would put all the focus on the rate statement and forward guidance. Until ...
Powell Preference and FOMC Split Support Quarter-Point July Cut
- EventsTrader replied Jul 21, 2019
I entered gold short (which contradicts my silver long), but it's looking like it will come down and test 1420 or possibly the 1418 area. I put my stops just above today's highs. image
XAU/USD & XAG/USD - Gold & Silver Traders Thread