|Day's Range||1,302.10 - 1,310.80|
Bitcoin's share of the cryptocurrency market is on the verge of falling below 50 percent for the first time in over 7 months.
Minerven, whose full name is Compania General de Mineria de Venezuela CA, and its president, Adrian Antonio Perdomo Mata, are now designated under the Office of Foreign Assets Control, or OFAC, the Treasury Department said. This is the sixth round of sanctions since January by the U.S., which is seeking to wrest power and the military’s loyalty away from Maduro and toward interim President Juan Guaido. “The regime has apportioned responsibility for oversight of gold extraction to select military officers who take their cut,” Marshall Billingslea, assistant secretary for terrorist financing at Treasury, said in an interview.
The market turned bullish during Monday’s session, as it went past the highs of the previous session and has also broken above the 50 Day EMA slope. The British Pound fell a bit during yesterday’s session, reaching down towards the 1.32 level. The AUD turned around during yesterday’s session, as it wiped out all the gains it had on Friday’s session.
Minutes of the RBA March policy meeting showed member spent considerable time trying to strike a balance between the damaging effects of crumbling home prices on consumer spending against a sturdy labor market when it left interest rates at a record low earlier this month.
Based on the early price action on Tuesday, the direction of the AUD/USD the rest of the session is likely to be determined by trader reaction to the 50% level at .7105.
Crude oil markets rally to kick off the week on Monday, as we are breaking above the 200 day EMA in both grades we follow here at FX Empire. This is obviously a very bullish sign.
The Brent crude prices are not moving very much early this week, with the black gold consolidating near $67.25. Previously, it tested the local high at $68.14. The fundamentals are meanwhile signaling a bullish scenario.
Natural gas markets got a boost to kick off the week, gaining roughly 4 cents by the time the open pit session started. However, we still have a significant amount of resistance above, and as a result it’s very likely that this rally will fail as well.
Gold markets continue to go sideways overall, as we hang about a large come around, psychologically significant number. Beyond that, we have a significant exponential moving average at this area as well.
The Euro rallied significantly to kick off the week, breaking above a couple of long wicks on the daily chart from last week. This of course is a good sign, and it looks as if we are going to continue to the next resistance level.
Based on the early price action, the direction of the AUD/USD the rest of the session is likely to be determined by trader reaction to the short-term 50% level at .7105.
Which Gold Mining Stocks Could Have Upside Potential in 2019?(Continued from Prior Part)Free cash flow FCF (free cash flow) generation is quite important for gold mining companies (SGDM) (GDX), as this excess cash helps them invest in projects,
DAX index likely to trade range bound on mixed cues influenced by headlines which has inspired cautious investor sentiment.
The Fed’s interest rate and monetary policy decisions on Wednesday as well as the Federal Open Market Committee’s new economic projections will probably exert the most influence on gold prices this week.
Based on last week’s price action and the previous week’s closing price reversal bottom at $1280.80, the direction of the April Comex gold market this week is likely to be determined by trader reaction to the major 50% level at $1293.60.
Based on last week’s price action, the direction of the May WTI crude oil futures contract this week is likely to be determined by trader reaction to the major 50% level at $59.63.
Every investor on earth makes bad calls sometimes. But you want to avoid the really big losses like the plague. So take a moment to sympathize with the long termRead More...
Which Gold Mining Stocks Could Have Upside Potential in 2019?(Continued from Prior Part)All-in sustaining costs and gold minersAISC (all-in sustaining costs) is an encompassing measure that helps investors compare performances of gold miners. It
(Reuters) - Canada's main stock index rose to its highest level in five months on Friday, led by the material sector, as investor sentiment was lifted by reports that Beijing and Washington had made more progress in their trade talks. * Chinese Vice Premier Liu He spoke by telephone with U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer, with the two sides making further substantive progress on trade talks, Xinhua news agency said on Friday. * At 10:00 a.m. ET (14:00 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 74 points, or 0. ...
Which Gold Mining Stocks Could Have Upside Potential in 2019?(Continued from Prior Part)Reserve replacement To achieve production growth in the long term, gold miners (GDX) (GDXJ) have to replace every ounce they take out of the ground. Therefore, to
Can Kinross Gold Stock Rise above Its Issues in 2019?(Continued from Prior Part)Analysts’ recommendations for Kinross GoldOf the 20 analysts covering Kinross Gold (KGC) as per the consensus compiled by Thomson Reuters, 40% have given it “buy”
Which Gold Mining Stocks Could Have Upside Potential in 2019?(Continued from Prior Part)Production declineGoldcorp’s (GG) production for the fourth quarter came in at 630,000 ounces of gold, a YoY decline of 2.5%. A large part of the decline in