THE NAIVE TRADER

In my last post I discussed the potential for the market to retrace towards the 113 level and it does seem s though this direction is continuing, and therefore I am going to discuss what further decline I believe might be seen in the next few weeks.  The other day I can't lie things weren't looking good as the market continued upwards and hit the next resistance barrier of the upper ends of 113. But the retrace did happen and if you were to have entered and stuck it out well I guess you got some dolla from it if you now closed your position. What is interesting now is how far it will fall, the 113.008 was were I would of taken most of my profit to be honest if I entered and to my surprise we have fallen further with no holding position at the bottom of 113. After breaking the resistance the market is now faulting on the border og my long-term trend line I put in. This doesn't necessarily mean anything(as I could of drawn it wrong) but I believe it highlights the potent...

University has been taking up more time that I keep expecting which is creating constant frustrations for me in order to find time to look at market movement. But now I have a lil bit of freeedon so gotta have a look at the markets! The USD/JPY market is looking juicy, an opening of a short position could be a motive and this is why I believe so. We have as expected seen the growth expected after the bottoming out in the stoch RSI in early October with the market bouncing off the high 111 resistance zone. But now we have reached the top of the stoch RSI where we have seen a drawback in previous months at the 99/100 region emphasising the uncertainty for further gains without any dip. I am looking at not much further gains for the next week or so at least, a short is looking enticing, with the dip to the bottom of 113 looking likely which is where I reckon the next resistance zone is going to be. Yet depending on how much the dip effects investor confidence we may see further draw...

Since my last post the USD/JPY has seen drastic change which is fascinating as ever. I didn't think we would see a drawback till the mid 114 level I must admit even though the stoch RSI was heavy on the overbought level but anyway, live and learn! So now we are again in a precarious position, looking just at technical, we have been seeing the currency pair in a solid upward trend testing the upper levels of but rebounding off the upper and lower channels through the last few months. Now once again the lower trend line looks to be tested, the reason why I think it could be tested is because the lower bounds of the Bollinger Bands haven't been touched and the market still looks in a downward progress. Yet countering this we are reaching the point in the RSI where its the bottom of the oversold section, so a rebound is expected. The opposite was seen when we hit the top in terms of what was seen in recent times over the last few months and that I why I don't think we wil...

We saw the currency pair break through the resistance fairly easily, with much less drawback than I originally expected. Buy volume still seems very solid with confidence in the Dollar clearly holding well, which is surprising as I thought markets would react to this RSI position with a drawback at least for a short while, maybe even holding a horizontal position for this week or so. However clearly not, RSI is still cooking, almost hitting the 100 mark on the indicator, showing that the market is looking strongly overbought for the current period. What is interesting though, is that even with the currency pair being strongly overbought just looking at resistance levels, I don't expect much dip until we reach the mid 114 level. This would be impressive, highlighting just how strong the US dollar is right now, as investor confidence has clearly grown over the last few months. I believe that it will hold at the level before much further gains. this bullish rally needs some tim...

This looks like we have interesting position for the USD/JPY market. Since mid March's low this market has seen strong gains without facing substantial drawbacks down below the 110 region. What is interesting now is that this bullish momentum is once again coming to a crossroads. We can see where before this position was rejected, around the 113.155 level in July. But now we are back with strong green candles holding for the last week or so highlighting the potential for further gains to be made during this extra bullish month. However there is reason to believe this progression might be coming to a halt based just on techincal analysis. Below you can see a chart with the Stoch RSI included. I believe this of interesting because it is sitting well within the upper bands and has gone above the 97 mark where we last saw a drawback during this bull run. I also must add that the Bollinger Bands upper band as well are constantly being touched throughout which offers the opi...

Thought I would do a fairly quick update on my current opinion on the market, just focusing on the USD/JPY market for the time being. I drew a couple of horizontals a while ago, looking at where I believed the market would find resistance and potentially bounce and if not, where it would continue down to. I felt short-term, looking at the 3hourly chart the 110.755 was going to offer better resistance considering at the touch point the RSI was oversold. But it looks like the pull back was further than expected, we can see from the RSI that ts is oversold, currently sitting at 27, but because of this not being hugely out the range and the fact the next resistance is looking at the 110.101 I do believe we might see further falling. Yet a contrasting point is that the Bollinger Bands show the candle falling below the lower band and of course this typically results in some kind of rebound depending on the magnitude of volume change over the next period. I wouldn't be looking ...

BTC has been fluttering around this $6500 range which has become increasingly frustrating to be honest. There have been a few issues causing this, such as the ETF bullshit, causing insane levels of volatility. For example today we saw a candle with $7000 hit before quickly falling back to the $6500 region. Just from reading others opinions online people still seem bearish with potential movement down below $6000 seeming realistic from numerous respectable sources in my opinion. Thus my entries into alt's are being held off for the moment even though I really should do my own research. Anyway, this is where we look like a breakout might happen, lol jk who really knows. As stated above this stupid fucking $6000-$6500 range has creating chaos, with leverage traders on Bitmex getting wrecked on their x100 levels lol. But this is not the point of why I am writing this, I want to explain some of my interests and why I have the audacity to talk about it. Currently I am watching two...

Eventually, I am back, been away for just under a month so haven't really had the time to produce any updates on the markets I have been watching. I thought I would do a quick update on my opinion on the USD/JPY market and where I believe the direction could be. At the moment it seems for August we have seen some consolidation within the market, holding within what seems to be a tight boundary in the 110 region. As of now looking at the Bollinger Band positioning it looks as though we might bounce off the resistance level around the 110.272, but as always this is just a guesstimate based on where resistance seems to have been holding for the last few weeks. But further to this point, the BB does show the candles touching the bottom of the BB area with a negative candle still in play, thus making it look as though we will have at least another downward movement ( probably small) before any further upward gains. The RSI shows neither top or bottom regions touched and thus a d...

So another reason for slacking on the uploads is my personal interest in another newer market everyone now knows of, the crypto sphere. But for the last few months with the market bearish it offered good entry and thus I have become more and more engaged, as just more is happening that forex and commodities in terms of volatility and news in my opinion. The opportunity to explore a new sector and at worse learn even if it all goes to shit is something I wanted to pursue So the reason I decided to produce this lil post was coz of the breakout that was witnessed a few days ago offering the potential for an eventual rebound and push the market into a bull trend for the near future. The chart isn't anything special but the downward trend was broken literally 2 days ago, and broke the $6800 level of resistance(I know this chart is in pounds) which many didn't see as possible for anytime in the near future. But furthermore there is the belief the upcoming ETF for bitcoin mig...

Looks like I am going to have to change my upload timing, clearly I have been unable to keep up to date with what I originally began with as a result of awkward work hours, so I will be looking to upload one per week and be more specific, trying to gauge entry and potential movement over the next week or so. I feel I will also look more into forex and maybe other majors to build my understand of the whole market. This fall from grace for Gold is continuing as the Dollar gains, it is looking as though the Dollar has easily broken through the 111 resistance I thought we would see and is pushing on upwards in the high 112 against the Yen. For Gold though, I dunno, like all my horizontals that seemed to potentially highlight the bottoms have been broken. Most recently the $1238 mark, as we are now down to $1228, as sell volume continues to rise which can been seen by the huge red section in the current volume section on the chart. This level of negative volume could be as of result ...

So damn late but been pretty busy, so I will try and quickly have a look at what is happening this week in the Gold and USD/JPY market. Nothing really happening to affect the precious metal until later in the week once again, but we are seeing the US Dollar holding in the 111 against the Yen. This as I have stated before is an important section as a result of the resistance the Dollar has. Thursday we have the US Core CPI and CPI, but neither show much change from last month in the forecast so I doubt this will do much to markets to be honest. Friday isn't showing much though for events to influence the market so we really do have a quiet week. I feel any serious movement we do  witness shall be as a result of Trump popping over to the UK. This will of course be an interesting period and depending on implications of potential trade agreements or ideas we might see some further gains for the US Dollar but we never really know with Mr Trump! After the rebound from the $124...

This week has held around the $1250 mark as it draws to a close, yet it wasn't without volatility around the beginning of the week. Monday saw heavy sell volume for the precious metal as the US Dollar continued further gains, as the Dollar holds around the 111 position against the Yen this week. As expected much of the consequences of data were only present later in the week, during the Friday period to be honest. Yet a sign of the potential for a rebound can be seen in the slight decline in buy volume for the USD/JPY market as the week progressed and in past experience this 111 stage against the Yen for the Dollar has always offered resistance. Tuesday showed the most action for the precious metal, regaining much of the ground lost during Monday's trading period. Shifting from $1238 all the way up to $1254, much of which can be seen by the rebound from the oversold position, as it moved into the lower band on the Stoch RSI. While later during the week we saw a sligh...

This week marks the beginning of the new month and we aren’t short of items to discuss in regard to data releases later in the week. But let’s have a look at what the first few subdued days of week have to say before we reach Thursday and Friday which is where much of the action is. Monday, we have the UK’s Manufacturing PMI, something which won’t do much to the markets we follow but nonetheless it is important, forecast is showing a slight dip from previous and thus is much more of an issue for the cable market. But not looking too much into it. Later, on Monday we have the US’s ISM Manufacturing PMI, which much the UK’s release earlier is showing little deviation from the previous release so I expect a small consequence on the USD/JPY and Gold market. Tuesday is quieter than Monday, with the only event I see having much effect on the major markets will be the UK’s Construction PMI, but it has even less deviation that the previous day! So I expect no consequences on the Go...

Well, fuck me what a week, in terms of data Gold shouldn't of reacted the way it did, but damn this shit dipping, hitting $1245 before slightly rebounding. I am going to leave data releases because there is no point, right now we are in a weird place so we need to be careful. I thought the downward trend was showing a bounce around the $1260 mark before a retrace as the RSI and BB showed potential for this. Yet I was wrong and I like it, shows how much to learn there is.  Much of the dip has been the strength of the Dollar, and I keep denying the power of it, it is currently holding at the 110 level against the yen. I believed it would hit this but somehow there is sufficient buying power to keeping it around this level. The bull run of the Dollar almost seems too long and I do reckon long-term it would be a good short. Nothing about the US economy looks good from an economic perspective, so we have this front which is just being held by the belief the US Dollar won't...

Opening this week on Monday we don't have anything I see having much consequence however Tuesday does indeed have one event I believe might create a little movement in the precious metal and the USD/JPY markets. This event is the US's CB Consumer Confidence, showing a slight dip from last month and will be worth watching. Wednesday has the US's Core Durable Goods Order, this is showing a dip which I believe shall create some movement, a 0.4% decline from last month is expected. But before this we have the BOE's governor Mr Carney speaking, doubling any effect on Gold but shall be worth paying attention too just in case. Thursday is looking to hold the most important piece of data this week which could effect the direction of the precious metal and USD/JPY market. This is the US's Final GDP q/q, expecting to hold firm on previous quarter at 2.2%. So if this does come in on forecast it will help rally the Dollar further, and thus might shift Gold even further d...

Another week coming to an end and it has been interesting as always, Gold actually broke my bottom horizontal resistance and is holding below, genuinely so surprised, showing you really never can be certain! Monday was a pretty stable day for the precious metal, holding around the the $1280 level throughout the day without any data releases to create much shifts within the markets. Tuesday saw a bit more movement as we had the US Building Permits and the ECB President Draghi speaking, as expected there was volatility. Building Permits came in 500k below forecast, which helped reduce the negative consequence of the continued rally in the US Dollar. Wednesday, Thursday and Friday just saw the continued decline for Gold, falling in to the $1260 mark after more bullish movement for the US Dollar, so it will be interesting to see how far this dip goes before a rebound or maybe we won't see this. Next week I am going to spend some more time looking into the major forex markets and...

After Friday's sell-off this week incoming is going to be very interesting, we have numerous releases which could strongly influence market direct for the precious metal. Monday's main focus will be on the ECB President Draghi speaking, expecting volatility in a few of the major forex markets, especially the EUR/USD and the cable. But looking at the sell off of last week and the volatility witnessed, Monday could be a busy day for Gold. We might see it fall further as the RSI highlights with the precious metal neither in the Upper or Lower Bands in a shorter time period, but when expanded into a longer time period we see the precious metal well under the Lower band. So I expect a turbulent day to say the least. Tuesday is a lil busier, again we have Draghi speaking and the the US release their monthly Building Permits. This will be worth watching as any deviation from Forecast does create a surprising amount of movement for Gold.  Draghi is going for a triple ...

Right, so this week ended up being pretty interesting with Fridays drastic drop showing that anything can happen as Gold went below recent lows. This is something which I didn't see happening even when looking at the markets on Wednesday afternoon! Monday was a quiet day as expected. Gold floated around a little, closing at the $1300 mark with no significant releases taking place. Tuesday did have a couple of events worth watching, we had the US's CPI and Core CPI monthly results but both were very similar to forecast and thus the effect on Gold was limited. The precious metal fell slightly throughout the day, closing at the $1294 mark. Wednesday was the busiest day for releases, with five events worth watching in the US. We had their PPI m/m results which were above forecast at 0.5%. Then the Fed decided to lower interest rates from 2.0% down to 1.75%, and this is substantial news and put with other positive sentiment coming out of the FOMC projections and Press conference...

This is the first time I am just writing based on completely on TA, I feel now is a good time to focus on this. I have picked a monthly chart to allow better long-term analysis. We are reaching a breaking point, something I picked on in my previous article and it look bearish to be honest. This is just based on looking at the charts downward trend we have witnessed for a few months now after the April high but TA is pushing doubt into whether I believe this looks likely. RSI is gaining, going forward to the upper bands after a strong rebound. Of writing this the RSI is at 65. But my Bearish belief is questioned with the potential here for a major breakout, yet volume is nothing similar to what we saw during the early period of 2018 and that is why I feel it would be hard to see a strong rally for the precious metal anytime soon. Yet the Bollinger Bands highlights Gold is now regaining slightly after hitting the Lower Band, this could then mean we see a slow burner, with a rush...

This week is looking more dramatic, with opportunity for significant market movement very much in play as the US have a range of influential data events that I shall be watching. Monday is quiet as normal, we have the UK's Manufacturing Production m/m which won't lead to much effect on the precious metal if it hits forecast but who knows, at max maybe a short dip but this isn't worth worrying about in my opinion. There are two events on Tuesday which could cause a slight ruffle in the US and of course the Gold market. In the afternoon, the US release their CPI m/m, expected to hold steady at 0.2%, the same as last month. This is the main event for Tuesday, just after we also have the US's Core CPI m/m. This is worth watching but it doesn't take as much premise as the CPI by itself. Before this the UK release their monthly Unemployment figures, forecast is showing a number of 4.2%, which is the same as last month. I don't feel these should be watched too care...

This week was actually as expected for the first time in a while as nothing really happened. Neither a strong bull or bear trend was witnessed within the Gold market. Data releases were of course subdued and thus much of potential movement is focused around fluctuations in the USD/JPY market, but there was nothing huge witnessed. The events this week which were looking to be most influential were Tuesday's US ISM Manufacturing PMI, then US Weekly Unemployment Claims on Thursday and finally on Friday, we had the G7 taking priority. Looking at the releases, both US events were very close to expected and thus literally no movement was witnessed. While the G7 didn't really lead into much consequence for the yellow metal. Looking at some TA and the only thing that did surprise me was Gold breaking above the $1300 this week, before retreating of course. But the $1290 holding position is seeming to be more and more important, with any break below showing that a downtrend to bel...

Bit late, apologies, been away but back and lets have a look at what this week can offer us in the markets! I am going to not really bother with Monday, nothing of excitement in my opinion and not looking to see any directional change. KDJ and RSI both showing the precious metal sitting within the boundaries, neither in the upper or lower bands and this is why as well I don't see much happening for the rest of the day. Tuesday again is fairly subdued, with numerous releases yet little of concern to the Gold market. The main event I shall be paying attention to shall be the the US's ISM Non-Manufacturing PMI, forecasting to come in slightly above last month but this should only result in the $1-$5 change at max in my opinion. Another event is the ECB's President Mr Draghi speaking, this is more of personal interest and I doubt this will have any influence on the Gold market. Next is Wednesday which is still showing little signs of life, there is really nothing I see hav...

As a result of bigger changes than expected in releases this week in the US meant we saw an interesting change in the value of the precious metal as the week progressed. This is the first time in a while Data releases have held such power in market movement during the week. Monday was of course subdued, as a result of a few major forex markets being closed and thus change for Gold was limited, opening at the $1297 and closing just a little higher at $1299. But Tuesday we had our first potential influential release of the week, which was the US CB Consumer Confidence, coming in slightly below forecast at 128.0. But this really didn't do much to the markets and the majority of Golds gains above the $1300 mark were of result of a dip in the US Dollar. By close Gold was still just hovering above $1300. Wednesday was a lil more interesting, with another important event; the US ADP Non - Farm Employment Change. This came in just under 15k below forecast, at the 178k, but because of...

This week opens on a Tuesday to be honest, with the US and the UK both having Bank Holidays on the Monday. Thus lets begin for the week ahead from Tuesday on-wards. Our main focus for Tuesday is the US's Consumer Confidence, which is expected to come in just slightly below last months result. This really shouldn't do much, doubt anything more than a $5 shift, then later we have the New Zealands Financial Stability Report. This as well will result in a small amount of volatility at max so Tuesday could end up being a a dull day. But looking at last week with Trump dropping that bombshell and dropping out of the talks with main man Kim, we know anything is possible #geopolitics. Wednesday has a few events worth watching and thus we might seen some significant volatility in the Gold market. The main two I am going to pay close attention too are the US's ADP Non-Farm Employment Change and their Prelim GDP. ADP is showing a slight decline, forecast is expecting around a 20k ...

Once again, we have had a turbulent week, Gold hitting new lows then rebounding as a result of geo-political unease, and data releases, so lets see what exact events have been major players in directing Gold's movement this week. Monday as expected was a dangerous day for Gold, analysis showed clear potential for a further decline, and with the lack of data releases throughout the day Gold was at the mercy of the Dollar gains. The precious metal did indeed fall below the $1290 barrier I thought we would see, and throughout the day it fell even further, almost to the 2nd resistance point at $1281 before regaining ground as Dollar gains cooled. It does look like Monday was the low and since then we have seen steady gains and even mid-term this is starting to look bullish. Tuesday was a quiet day in the end, Gold hovered around the $1290 position throughout, closing at $1292. We did have the UK's Inflation Report hearing but the knock-on consequence to the Gold market was very...

Lets have a lil look at what to expect from this upcoming week in the Gold market and what implications the bullish US Dollar could potentially have. Monday is pretty quiet with nothing substantial, there are a couple things that could be worth watching such as New Zealands quarterly Retail Sales and the US's FOMC Member Bostic Speaking, but movement as a result shall be limited, anything above a $5 shift would be surprising. This is why I feel the movement I have shown below might be in play. Currently RSI is holding steady, gaining slightly before potentially hitting the Upper Band region. Furthermore it is clear volume has been falling further during Friday trading so it could place pressure on a retraction, forcing further downwards movement for the precious metal. But Monday could see fairly nice gains, as the testing region for a bounce is the $1297-$1300 section. Then after further falls could be seen depending on how much the US Dollar continues to gain during the n...

Back and I love it, this dip is the excitement we have needed in the Gold market, I have now eventually manged to implement my first chart, I was fully baffled for time trying to sort this but it just makes explaining movements in the Gold and USD/JPY market so much easier for everyone including myself, anywayyyyyy. This chart shows Golds movement over the last week or so, and there has indeed been some substantial shifting. This dip isn't completely surprising, using the RSI below we can see on Monday Gold was hugely overbought, going above the 80 mark on the RSI and thus a correction was imminent. Monday had little releases worth watching and the lack of substantial fluctuation isn't surprising, by close Gold was down to $1313. Tuesday for releases was much busier, we had two big events from the US which were their Core Retail Sales and Retail Sales, both monthly. These results were both slightly underwhelming, each coming in at 0.3%. But the consequences on the precio...

Another week beginning and even more potentially exciting movement for the precious metal this week as the Dollar may continues its upwards trend we have seen for the last few weeks. Apart from bank holidays the data releases on this coming Monday are the quietest I have ever seen. We have three events throughout the day, but there is only one that could potentially cause a little bit of action and that is the FOMC member Mester speaking early in the morning. But this really shouldn't do much to markets and tomorrow is indeed looking very quiet indeed. Tuesday is much busier and there are two important events coming out of the US. These are Core Retail Sales m/m and Retail Sales m/m, Core is showing a 0.3% incline in forecast which shall be significant if held, and Retail Sales are forecast for a slight decline. The UK have their Inflation Report Hearing which will be worth watching, it will of course create volatility in the cable market and could cause a slight movement fo...

So lets see what has happened throughout this week and what directional movement we have seen. Monday was a quiet day for releases as expected, we did indeed have two FOMC Members speaking yet neither created much direction change. Much of Monday's fluctuations was as of a result of the the Trade discussions between the US and China about the trade deficits and surpluses either side is experiencing. This helped the precious metal gain ground during the morning period before dropping back quite substantially, by close on Monday Gold was sitting around $3 from open. Yup, not very exhilarating. Tuesday was heavily influenced by the main man himself speaking in the evening, Mr Trump. The main focus of this was surrounding the Iran deal which he reportedly was going to 'withdraw from'. Something which produced significant reaction in markets, this was indeed positive for the precious metal, helping it hold fairly steady as the Dollar continued up to 'new highs of 2018...

This week opens with a quiet day on Monday, with just a few FOMC Members speaking throughout the day. These will be worth watching as we might see hints about potential interest rate changes in the near future. However that is actually about it for Monday! Tuesday is indeed busier, we have the Fed Chair Powell speaking in the morning, where he will be discussing 'monetary policy influence' throughout the world. This will in-turn be a very volatile period and we could easily see the precious metal bounce around by upwards of $5 throughout the speech. Apart from this Tuesday isn't too busy, could be worth watching the Australian Annual Budget Release and New Zealand's' Inflation Report but I do doubt much consequence on Gold will be seen as a result of these. We have another interesting day Wednesday, with a few releases worth watching and an event or so which could do some damage to the Gold market. The US Release their PPI m/m, showing a slight decline from last...

So, this week has been interesting as we have seen the precious metal continue its decline. The fall was expected and I did believe we would of seen a bigger fall than what was actually witnessed throughout this week. Monday saw almost a $10 dip in the value of Gold, falling as the Dollar continued its gains. In terms of releases, we had the US Core PCE Price Index which came in bang on forecast. At the same time the US also released their Personal Spending m/m releases, which like the PCE Index, came in bang on forecast creating little effect on the yellow metal. By close Gold was down to $1315 against the Dollar. We saw the lowest prices of the week for Gold during Tuesday's trading period, which was as expected nothing to do with data releases but solely the US Dollars gains. Yet, further to this as a result of the Dollar going positive for the first time this year we saw even more of a decline in Gold! By mid-day the precious metal hit $1301 before rebounding and closing at...

Last week was interesting, Gold continued its retreat from highs earlier this month in the $1360 region. But the decline doesn't look done, we might see a further fall or could this be the holding region before another rally, lets have a look! Monday is not crazy, there are many releases with a few potentially worth watching. The US have their Core PCE Price Index and Personal Spending. These both aren't that important but are looking to be the most influential releases that could affect the Gold market on Monday. Maybe, the Chicago PMI might lead to little volatility in the Gold market during the evening period but realistically it will be limited. We have the US ISM Manufacturing PMI Index on Tuesday which could create some movement. The expected shows about a 1 point decline from last month, but this really won't do too much to the market I don't feel. This is because much of the effect will be due to the rally we are seeing in the US Dollar, as it continues and ...

This week has seen a strong decline for Gold, nothing too surprising actually as the US Dollar continues to regain momentum. So lets have a look at some of the main influences on this directional shift. Monday's open is the highest Gold has seen this week, this follows on from the trend that was first seen last week with Gold closing Friday of that week lower than open for the first time in a while. On Monday Gold fell around $8 as the US Dollar began to regain ground amid declining political tensions between the US and North Korea. By close Gold was down to $1325. Tuesday saw a nice little retrace for the precious metal, gaining and hitting the $1330 mark during the middle of the day. What was surprising was how little influence the US CB Consumer Confidence positive result had on the Gold market, it came in over 2 index points above forecast, which is substantial. Yet the reaction from Gold as a consequence was limited and by close Gold was holding steady at the $1330 mark. ...

This week opens on Monday with nothing too substantial. We have the Canadian Governer Poloz speaking in the evening which is worth a watch, I doubt this shall have much consequence on the US Dollar market. Also there is the US Existing Home Sales results which could create some tensions but Monday is looking like a quiet day regardless. Tuesday's main release is the US Consumer Confidence result, this has potential to dip markets powerfully. It is forecast for a small decline from last month but this shouldn't do too much to the markets I reckon. We also have US New Home Sales, showing a slight increase but this really won't have much influence. So like Monday data releases shouldn't do much to market fluctuations unless we do indeed see a big dip. Wednesday is actually even quieter that the previous two! The Governor of the BOC Mr Polov is speaking again which will be worth keeping an eye on but I doubt it will cause much influence on them Gold markets movement. An...

On Monday we focused on the US Core Retail Sales and the Retail Sales which were both very volatile and could of potentially influenced the forex and commodities significantly. The Retail Sales came in quite above expected by 0.4% at 0.6%. This surprisingly didn't effect Gold too heavily with the precious metal actually gaining throughout the day by $4 and closing at $1347. Tuesday saw little directional change throughout the day there were numerous releases which could of caused chaos. Gold did in fact shift yet the change was quickly absorbed as it rebounded to $1 above open at close. The US Building Permits result came in above forecast at 1.35mil yet again this consequence was minimal on the Gold market with continuing tensions surrounding America and everyone else building helping hold the precious metal near recent weeks highs.  By close Gold was holding back at the $1344 mark after a shift of $10 throughout the turbulent day. On Wednesday Gold gained further as the Fed...

These geo-political tensions are creating such tension throughout markets during the last couple of weeks and it doesn't look to be slowing. Yet we do have a busy week for releases so maybe events not related to Trumps tweets could influence the markets this week! Monday is surprisingly looking busier than usual, we have two substantial releases from the US. These are their Core Retail Sales and Retail Sales. Both are forecast to be positive with Retails Sales looking to be 0.5% above last month. So theoretically this should help further up-shift the Dollar on Monday, but I don't know because over the weekend political tensions have been rising and markets haven't had time to react as they have been closed. Thus, Monday could be a time of strong volatility as markets try to re-adjust, which should push the precious metal higher, maybe back above the $1360 and potentially even further? Tuesday is another busy day for releases in the US, with one big release and numerous ...