Sunday, September 4, 2011

DailyMarkets.com - Gold Futures – Weekly Review: August 29 – September 2

DailyMarkets.com - Gold Futures – Weekly Review: August 29 – September 2


Gold Futures – Weekly Review: August 29 – September 2

Posted: 04 Sep 2011 02:46 AM PDT

Forexpros – Gold futures rallied on Friday, re-approaching the all-time high after a report showing the U.S. economy added zero jobs in August boosted the safe haven appeal of the precious metal and fuelled expectations for additional stimulus from the Federal Reserve.

On the Comex division of the New York Mercantile Exchange, gold futures for October delivery settled at USD1,883.25 a troy ounce by close of trade on Friday, jumping 2.95% over the week, the biggest weekly gain since August … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Weekly Outlook: September 5-9

Posted: 04 Sep 2011 02:40 AM PDT

Forexpros – The U.S. dollar fell sharply against the Swiss franc on Friday, down for the third consecutive day after official data showed that the U.S. economy added no jobs last month, fanning speculation over a fresh round of stimulus by the Federal Reserve.

USD/CHF hit 0.7710 on Friday, the pair's lowest since August 12; the pair subsequently consolidated at 0.7880 by close of trade on Friday, tumbling 2.33% over the week.

The pair is likely to find support at 0.7547, the low of August … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Weekly Outlook: September 5-9

Posted: 04 Sep 2011 01:38 AM PDT

Forexpros – The U.S. dollar ended sharply lower against the broadly stronger Swiss franc on Friday, after government data showed that the U.S. economy created no jobs in August, underlining concerns over a slowdown in global economic growth.

The Department of Labor said U.S. non-farm payrolls were unchanged last month, the weakest reading since September 2010, after rising by a downwardly revised 85,000 in July. Economists had expected non-farm payrolls to rise by 74,000 in August. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


SM Investments Corporation Making News

Posted: 03 Sep 2011 06:23 PM PDT

The shares of Henry Sy- led SM Investments Corporation (SMIC) appear to be heading for a move north at least from a technical point of view. Let me explain this. 
As you can see from the chart above, SM has recently made a bullish break away gap above its short term downtrend since the beginning of July 2011. Notice that this recent move was accompanied by a break of a resistance on its RSI covering the same period. You see, this combination breaks is one of the more solid signals from my … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Oil Technical Analysis September 5, 2011

Posted: 03 Sep 2011 02:32 PM PDT

By CommoditiesMansion.com

Light Sweet Crude
 
The CL contract fell on Friday, plunging to the $85 support level. The area did hold however, but the market was simply reacting to the weak jobs number out of the USA, and not necessarily fundamentals in the marketplace. The fact is that even if there is weak demand coming out of the US, China and India are both buying quite a bit of oil these days. Because of that fact, we like buying this contract on dips like the one we got today. A … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Natural Gas Technical Analysis September 5, 2011

Posted: 03 Sep 2011 02:31 PM PDT

By CommoditiesMansion.com

The natural gas markets fell hard on Friday as the Non-Farm Payroll report showed that no jobs were added in the US for the month of August. The demand therefore should fall as manufacturing will as well. The breaking of the $4 level to the downside was significant, and this chart shows us just how much. We mentioned that if the market fell below the bottom of the Thursday candle we would be sellers. If you have done this, you are doing quite well at the moment. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Technical Analysis September 5, 2011

Posted: 03 Sep 2011 02:30 PM PDT

By CommoditiesMansion.com

With the Non-Farm Payroll report coming out flat on Friday, the gold markets rallied significantly as traders ran for safe haven assets. The gold market is one of the few markets that have been reliable in the recent past, and as such – it is always attractive when people are looking for safety. The $1,900 level above is looming, and it seems we are heading above that mark, and should see new highs soon. Because of this, we like buying dips, and think that the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Oil Technical Analysis For The Week Of September 5, 2011

Posted: 03 Sep 2011 02:28 PM PDT

By CommoditiesMansion.com

Light Sweet Crude
 
The CL contract fell on Friday, after posting a fairly bullish week. The result was a slightly bullish week overall, but not as impressive as it certainly looked it would be in the beginning. The market has a ceiling in the form of the $90 level, and if it can get above it – would be a screaming buy until we hit the $100 mark. The downside is protected by the $80 level, and we feel this is a floor in the CL contract currently. We like … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Natural Gas Technical Analysis For The Week Of September 5, 2011

Posted: 03 Sep 2011 02:26 PM PDT

By CommoditiesMansion.com

The natural gas markets had a wild week this past 5 days as the market rallied hard, and then fell just as strongly and ended up below the all-important $4 mark for the week. The market is very fragile at this point, and is a screaming sell as the supply simply outweighs demand for natural gas. The fundamentals as well as the technical analysis both point to lower prices. We sell every rally, and would sell new lows as well. Buying isn't our concern … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Technical Analysis For The Week Of September 5, 2011

Posted: 03 Sep 2011 02:25 PM PDT

By CommoditiesMansion.com

With the Non-Farm Payroll report coming out flat on Friday, the gold markets continued the surge to the upside we have been seeing for quite some time. With economic uncertainty out there, the gold markets become an attractive place for traders to hide money. The highs are in place just above, and it seems that the $1,900 level is going to be taken out again. The market is a screaming buy, and can be bought anytime you get a 3-5% correction at this point. We feel … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Natural Gas Weekly Fundamental Analysis For September 05-09, 2011

Posted: 03 Sep 2011 02:19 PM PDT

By CommoditiesMansion.com
Natural gas prices fluctuated last week on speculations of mild weather conditions, which put natural gas  prices under pressure on expectations of lower demand for power-plant fuel, in addition to the lower than expected rise in natural gas stockpiles.
The EIA report showed that natural gas stockpiles increased last week by 55 billion cubic feet compared with median estimates of 60 BCF and the prior estimate of 73 BCF.
On the downside, slowing economic activities … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Weekly Fundamental Analysis For September 05-09, 2011

Posted: 03 Sep 2011 02:18 PM PDT

By CommoditiesMansion.com
Gold prices extended the gains last week, as concerns over the outlook for global growth and rising fears that the US economy is losing more momentum, which spread pessimism across global financial markets and increased demand for safe assets, which boosted gold prices and sent them above $1875 an ounce.
Concerns over the outlook for global growth intensified last week after data from the United States signaled the economic recovery was losing pace, where data from the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Weekly Fundamental Analysis For September 05-09, 2011

Posted: 03 Sep 2011 02:18 PM PDT

By CommoditiesMansion.com
Crude oil prices gained back last week, where optimism dominated markets earlier in the week, as rising demand for risky assets boosted crude oil prices earlier in the week, however, crude oil prices erased some of its gains after the U.S. reported slower than expected jobs growth back in August.
Meanwhile, the EIA report showed that crude oil inventories increased by 5.3 million barrels above median estimates, which pushed crude oil prices to the downside.
Rising … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


No comments:

Post a Comment