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Views on Commodities
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  • Squawk / 59 minutes ago
    wizard65 wizard65
    Senior Analyst / Tallinex.com
    Estonia
    Weekly Trading Forecasts on Major Pairs (April 28 – May 2, 2014)

    EURUSD
    Dominant bias: Neutral
    The overall bias on the EURUSD is neutral because the market has been in an equilibrium phase for about two weeks. While there is currently no directional bias on this pair, momentum would soon return to the market, which would cause a significant movement in one direction. The most probable directional movement could be towards the north (as confirmed by the price action). Should this happen, one may be looking at the resistance lines at 1.3850 and 1.3900 as targets for long trades.

    USDCHF
    Dominant bias: Bullish
    This market is bullish but the situation remains precarious. It is so precarious that a movement below the support level at 1.8800 is enough to render the bullish outlook invalid. For the outlook to continue to make sense, the price needs to rise above the resistance level at 0.8850; although the logical target for the bull is at the resistance level of 0.8900.
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  • Squawk / 1 hour ago
    nana nana
    Global Head of FX Spot / Saxo Bank
    Denmark
    XAUUSD: Resistance now at 1300 - 200DMA and psychological level and support at 1280 (just below 100DMA). Below that next strong support comes in in the 1260-70 region (yesterdays low was 1268 and we have an important support at 1262.62 -the 62% retracement of the December 2013-March 2014 advance). If Ukraine/Russia tensions escalate and we trade through 1300- focus will turn to 1315.86 - the 38% retracement of the March-April 2014 sell-off.
    On the downside we need a close below 1262 to open up for a longer term bearish sentiment.
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  • Squawk / 2 hours ago
    Mads Koefoed Mads Koefoed
    Head of Macro Strategy / Saxo Bank
    Denmark
    The rating company Standard & Poor's has cut Russia sovereign debt rating to BBB- from BBB, the last investment grade step before junk status, having had a negative outlook for a month.

    The geopolitical tension in Eastern Europe has seen some several countries (lead by the US) hit Russia with sanctions, and it seems there are more to come. S&P says "[the] tense geopolitical situation between Russia and Ukraine could see additional significant outflows of both foreign and domestic capital from the Russian economy and hence further undermine already weakening growth prospects".
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  • 2h
    henry12 henry12
    This comment has been redacted
  • Squawk / 5 hours ago
    commoditymarket2008 commoditymarket2008
    Technical Analsyt / commoditymarket2008 Advisory Services
    India
    SPOT GOLD HAS RESISTANCE 1300, HOLD ABOVE THEN 1308-1316 POSSIBLE & HAS SUPPORT 1286, HOLD BELOW THEN 1280-1270 POSSIBLE
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  • 2h
    henry12 henry12
    This comment has been redacted
  • 18h
    kirand kirand
    its very good platform
    2h
    henry12 henry12
    This comment has been redacted
    2h
    United Overseas United Overseas
    The Best!)))
  • Squawk / Yesterday at 14:09 GMT
    Ole Hansen Ole Hansen
    Head of Commodity Strategy / Saxo Bank
    Denmark
    EIA Natural Gas Storage change up next at 16:30 CET. A Bloomberg survey points towards an injection of 42 billion cubic feet during the week of April 18 and this compares with a five-year average gain of 47 billion. The Natural gas future has risen to a two month high ahead of the number as it leaves total inventories are at the lowest level since 2003.
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  • Squawk / Yesterday at 13:48 GMT
    Ole Hansen Ole Hansen
    Head of Commodity Strategy / Saxo Bank
    Denmark
    A crazy day in Silver, now back to unchanged after falling out of bed once 19.30 gave way earlier. Volumes have been picking up with traders looking for both outright opportunities and value plays against gold. XAUXAG trading 65.3 after reaching a 67 high earlier.
    Ukraine tensions once again being sited together with unconfirmed rumors that Putin will emergency press conference in 1 hour. Gold is now jumping as well.
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    19h
    Ole Hansen Ole Hansen
    Updated look at silver
  • Squawk / Yesterday at 12:36 GMT
    Mads Koefoed Mads Koefoed
    Head of Macro Strategy / Saxo Bank
    Denmark
    And now for the weak data: US initial jobless claims rose 329,000 last week vs. 315,000 expected while the prior figure was revised 1,000 higher to 305,000. Continuing claims dropped to 2.68 million from 2.751mn.
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