Tag: gold futures

Weekly Futures Recap w/Mike Seery

Posted on by The INO.com Team

We’ve asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Gold Futures--- Gold futures this week saw extremely volatile trade finishing out this Friday afternoon up $14 at 1, 387 an ounce and traded as low as 1,358 this morning before the U.S unemployment report came out showing we added 169,000 new jobs which was disappointing to traders thinking that the Federal Reserve will not taper pushing many commodities higher this afternoon. Tensions in Syria as well are starting to flare-up as it looks like Pres. Obama is determine have some type of strike against Syria which also lent support to prices this afternoon as gold is kind of stuck in a range between 1,430 & 1,350 looking for some new fundamental news to dictate short-term prices. Continue reading "Weekly Futures Recap w/Mike Seery" →

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 26th through August 30th

A late week recovery in equities was enough to keep markets guessing on a direction as we inch closer to the September 18th FOMC announcement.

In the first half of last week’s trade, US equities were under pressure as traders booked gains on long positions in anticipation of a taper from the FED. But by late week, the “buy the dip” mentality that has supported equities for months returned and stopped the bleeding.

Until global markets are finally given the FED’s final decision on their Quantitative Easing plans, I believe traders should expect similar market behavior to what we saw last week. In light volume Summer markets, we should expect decent volatility on any news in the US, and abroad. Lighter volume markets give investors and traders the ability to create exaggerated swings in price with larger lot orders. Continue reading "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 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 12th through August 16th

Summer markets and light volume trading should continue to be the focus for the upcoming week. Despite the fact that the next five trading days have quite a bit of data to present, the reports are divided equally between the United States and Europe, along with a few from Japan and Great Britain. This mix of intermarket and intercontinental data should provide decent intraday volatility to trade, but I do not expect any fireworks.

The two standouts this week will be Retail Sales in the US and GDP reports from Germany, France and the Eurozone. Any one of these reports can provide some nice movement in the Currencies and Stock Indexes, but lighter volume trading should cap any major movement. 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" →