Tag: gold chart of the week

Gold Chart of The Week

Posted on by admin

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report (August 19th through August 23rd)

Market bulls were dealt a blow last week as stock traders began booking profit on long positions in expectation of a FED taper in their bond purchase program. The selling pushed the stock indexes lower throughout the week until the Dow suffered its largest weekly drop in over a year. Similarly, the US Bond Markets fell under pressure as traders continued to try to anticipate the FED’s next decision regarding Quantitative Easing and Interest Rates. Continue reading "Gold Chart of The Week" →

Gold Chart of The Week

Posted on by The INO.com Team

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report (August 5th through August 9th)

I am probably not alone in thinking that I am happy to finally have last week in the rear view mirror. Despite the fact that most economists had their sights set on the September FOMC Meeting, there was still the possibility of a surprise decision to taper ahead of next month. After hearing the news that the FED will maintain their QE stance, we still had to deal with Central Bank announcements from the BOE and the ECB. Following the same supportive outlook, we looked ahead to the monthly Non Farm Payroll on Friday.

Despite decent figures from the private sector in the US, along with an improvement in the weekly jobless claims, the NFP did miss expectations. Considering the fact that Ben Bernanke and Co. have pegged their participation largely to the labor market, this miss bought the market at least another month of FED support. Continue reading "Gold Chart of The Week" →

Gold Chart of The Week

Posted on by The INO.com Team

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report July 29th through August 2nd

Fasten your seat belts traders, for this upcoming week is about as full as can be with data in the US and across the pond. We begin the week with Pending Home Sales in the US and tonight Japan will report Industrial Production figures. Tuesday provides German CPI and Consumer Confidence number in the US. Traders will have to be up early to see what will likely be more disappointing unemployment figures in Europe, followed by the ADP Employment Report and the US GDP before the opening bell. A few hours after stocks open, we should breeze through the Chicago PMI report in anticipation of this month’s FOMC announcement and Interest Rate Decision where the FED is not expected to make any policy changes. Early on Thursday morning, we hear from the BOE and the ECB regarding their Interest Rates, followed by Weekly Jobless Claims in America, and finally ISM figures after the open. To close out the week, we will see Non Farm Payrolls followed by a speech from a FED Member. And try not to forget that we are still reporting earnings in the United States! Continue reading "Gold Chart of The Week" →

Gold Chart of The Week

Posted on by The INO.com Team

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report (July 8th through July 12th)

As expected, markets overall went through the lighter volume volatility trade last week due to the July 4th Holiday. The only standout was the Crude Oil Futures, which spent the entire week pricing in the news in Egypt. Aside from that, most other markets went through the usual rangy market swings that are expected around shortened Holiday weeks, especially those in the Summer.

I anticipate we will see similar movement in the week ahead as Summer trading continues. Additionally, the upcoming week is a bit light on tradable news. Aside from reviews from the monthly meetings of the Central Banks in the US and Japan, we begin quarterly earnings reports in the US Stock Indexes. If there are no major surprises, I would expect the same type of volatility we saw in the prior week. Continue reading "Gold Chart of The Week" →

Gold Chart of The Week

Posted on by The INO.com Team

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report (July 1st through July 5th)

The second quarter of 2013 came to a close with a decent rebound in the US Stock Indexes. A three day up-move was the result of favorable consumer spending, housing, and unemployment numbers. Despite the move up, it was not an easy week to predict market movement, nor was it a week to feel comfortable in a trade for more than a half day. This is because last week’s schedule of economic reports was punctuated daily by FED Members that now have the ability puppeteer global markets with one interview. Even though the FED decided to keep rates unchanged and maintain their Bond buying on a monthly basis (QE), the interviews that followed the decision had the potential to negate the initial response to the rate decision. Last week required the attention of traders each day as one FED Member after the next was asked about their thoughts on whether or not Ben Bernanke and Co. would begin to scale out of QE sooner or later. My opinion is that the scaling back has already begun. Continue reading "Gold Chart of The Week" →