Video

Kim Cramer Larsson
Areas covered in this webinar by Saxo Bank technical analyst Kim Cramer Larsson include EURUSD, USDJPY, GBPUSD, EURGBP, gold, silver, S&P 500, the Nasdaq, the Dax, the FTSE and the Dow Jones.
Squawk / 16 March 2018 at 9:50 GMT
Head of Commodity Strategy / Saxo Bank
Denmark
Gold is currently heading for its lowest trading range in percentage terms since December 2012. A range narrower than $17 was last seen in September 2007 when gold traded at $700/oz.

Open interest on the COMEX gold future has risen by 10% this week so it’s not because investors don’t care. They just don’t know what to make of it with opposing forces pulling it in opposite directions.

On top of a very quiet week for the dollar we are also seeing FOMC rate hike jitters being offset by geopolitical uncertainty/risks. If the FOMC fails to deliver a hawkish hike on Wednesday the price is likely to find a bid once again. Not least given the focus on Russia tensions and U.S. political uncertainty with Washington shifting further towards protectionism => trade wars => lower growth.
2y
Jim Earls Jim Earls
What is the reason for Gold and Silver both being pushed to their daily lows nearly every day by 12:00PM EST?
2y
Jim Earls Jim Earls
As you can see from the activity at the moment here-this is what happens nearly every day in the morning hours EST.
2y
Ole Hansen Ole Hansen
Hi Jim, it is not something we have analysed. Today's gold weakness kicked off after US data helped drive the dollar higher as per the chart below.

Disclaimer

The Saxo Bank Group entities each provide execution-only service and access to Tradingfloor.com permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to Tradingfloor.com and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to Tradingfloor.com is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on Tradingfloor.com or as a result of the use of the Tradingfloor.com. Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through Tradingfloor.com your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. Tradingfloor.com does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer

Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail