Guest Commentary: Gold & Silver Daily Outlook 01.27.2012

By Admin on January 27, 2012

Gold and silver sharply increased for the second straight day after the FOMC announced on Wednesday it will keep the interest rates low until late 2014. Today, the U.S. GDP growth rate for q4 will be published (update: the U.S. GDP expanded by 2.8% in Q4). For the complete gold and silver daily outlook for [...]

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US Dollar Bulls Await 9750 To Begin the Next Stampede

By Admin on January 27, 2012

The greenback is softer in North American trade with the Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) off by 0.45% at noon in New York. US data was mixed this morning with the 4Q annualized GDP print missing estimates with a print of 2.8% q/q. Expectations were calling for a read of 3.0% q/q after [...]

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Euro Propped Up On Hopes For Greek PSI Deal, USD Strength Ahead

By Admin on January 27, 2012

Talking Points Euro: Greek PSI Deal Imminent, ECB To Cut Rates Further U.S. Dollar: 4Q GDP Misses Forecast, Sticky Prices Become More Apparent British Pound: 38.2% Fib To Play Key Role, BoE To Back More QE Euro: Greek Deal In ‘Coming Days,’ ECB To Cut Rates Further The Euro pared the overnight decline to 1.3077 [...]

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Euro Struggles to Continue Rally; Yen Top Performer

By Admin on January 27, 2012

Fundamental Headlines • Lagarde Keeps Pressure on Greek Creditors – Bloomberg • U.S. Economy Grows 2.8%, Less than Forecast – Bloomberg • EU, IMF Press Greece on Reforms Before Aid Flows – Reuters • Greece Edges towards Debt Deal – WSJ • Investors Abandoning Copper, Cotton, Crude – WSJ European Session Summary It appears a [...]

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