GOLD: Holding above initial support for now.  Initial support has developed at the $1611.3 level with a break below shifting initial focus to July 2 lows and then the key $1520-50 support region. Continue Reading…

London Stocks Close Marginally Lower

FTSE 100 ends 0.1% lower at 5684.47. “Volumes were thin today and the market drifted sideways, not only because the US markets were closed for Independence Day but also because many people were glued to their televisions watching [Barclays ex-CEO] Bob Diamond’s testimony to the Treasury Select Committee,” says Capital Spreads. Continue Reading…

Investors looking for a bullish move in gold have used exchange traded products to increase their exposure to a new record. As of yesterday holdings in gold ETPs rose by 4.6 metric tonnes to a new record of 2,412, thereby breaking the recent high of 2,410 set back on March 16. Continue Reading…

Natural gas went against the trend of falling prices during June as hot and dry weather across the US saw increased demand from power plants due to people turning on their cooling devices. Continue Reading…

The platinum market has recently borne production cuts and disruptions, but as prices remain clouded by concerns over the economy and demand, have the cuts been sufficient to balance the market? Continue Reading…

(141,48) The BUND confirmed a session of consolidation while waiting for tomorrow’s ECB meeting. It formed a new inside day with 141,90 – 140,55 the levels to follow in the coming hours. Continue Reading…

(2309) The EUROSTOXX 50 confirmed a further closing well above the top of the previous session suggesting further possible strength toward next resistance area at 2350. Continue Reading…

(6567) The DAX confirmed our target at 6578 with even an extension already toward 6597. Still possible further direct strength but we have however also to advice attention. Continue Reading…

BUND: Outlook Constructive Following June Res Line Break.  Outlook remains constructive following break above 1-month resistance line and hammer reversal candlestick formation Friday is encouraging along with the recovery in daily stochastic study from oversold territory. Continue Reading…

Deutche Finanzagentur’s re-opens its 5-year benchmark 0.50% Apr 2017 Bobl issue Wednesday for up to E4.0bln. The issue trades at 0.556% mid-yield, well above its richest level of 0.2919% seen in early June, and trading near levels where it was launched on May 9, where E4.032bln was alloted at an average yield of 0.56% and a bid-to-cover ratio of 1.4 times, with the Buba retaining 19.4% of the sale. Continue Reading…