GOLD The US Dollar is showing fractional gains against the eurozone currency, while the Dollar Index is also recovering and US yields are in green as well. These movements are similarly reflected on the gold price, which is showing a marginal loss and remains below the key resistance at $1,750. Only a clear surpass of…
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Arthur Hayes, the former CEO of cryptocurrency exchange platform BitMEX, has surrendered himself in Hawaii to the US authorities and appeared in court on Tuesday. Hayes faces charges suggesting that he did not take necessary action in preventing his innovative start-up from becoming a platform for money laundering crimes. Hayes’ surrender comes six months after…
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EUROPEAN SHARES European equities were trading slightly lower at Friday’s open, without clear direction, following a negative Asian session as Chinese inflation weighs on market sentiment. Even if most investors were recently reassured by FED officials confirming the need to persist with the current strong monetary support to the economy, today’s CPI data from China…
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OIL In the last two weeks WTI has moved in a lateral trading range but it appears clear that the black gold has lost momentum. After months of rallying, investors look to have fully priced in recovery expectations after last year’s crisis so for any new rallies to be generated, investors will need some new…
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GOLD Bullion’s recovery has been stopped – for the time being – by the resistance placed at $1,750, as mentioned in the last few days' commentaries. A solid bounce above this level could pull in more buyers but for the moment gold is still recovering momentum after the double bottom at $1,675, helped by the…
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GOLD Gold is consolidating above $1,730 as the greenback is slowing down. From a technical point of view, we are still in a lateral scenario in which only a clear climb above $1,750 can open space for further recoveries. That said, the bearish pressure seen in the last few weeks is losing strength and bullion…
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EUROPEAN SHARES It’s going to be a toneless day for stocks as many markets will remain shut until next Tuesday for Easter. Despite the uncertain start to this week’s trading, new record highs were registered yesterday by both US and EU markets, indicating investors’ risk appetite remains strong. In the US the bullish sentiment has…
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The Financial Conduct Authority (FCA) released a new policy statement on its website announcing that all UK crypto firms must now submit financial crime reports on a yearly basis, regardless of annual revenue. Within the new financial crimes reporting sphere are cryptoasset business, following plans released eight months ago alluding to the policy change. The…
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GOLD The support zone of $1,675 worked perfectly for gold, generating a solid rebound. As well as this technical support, gold’s rebound was also helped by a slight decline in US yields, while some short traders probably decided to take profit, closing or reducing their bearish bets on gold. So far, the main trend has…
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GOLD Gold extended its loss and tested the key support zone of $1,675. This level generated a small rebound, pulling the price up to $1,685. The main trend remains bearish and a clear break down of the support at $1,675 could open space for further declines while only a recovery to $1,750 would reverse the…
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