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 / 18 February 2013 at 7:56 GMT
Global Head of FX Spot / Saxo Bank
In last week's absence of a downside cushion from the Chinese market,due to Chinese New Year . combined with technical selling, gold prices breached1600 on Firday to print a low of 1597 - a levels not seen in six months. Buying out of India has also softened, as prices stabilised earlier; thus, this price correction should spur interest next week. Should physical demand fail to respond, the floor for prices is set to become increasingly fragile and a test of the critical 1580 level would seem imminent . Alot of option interest sited there too. Break below 1570 would be adverse to the longer term bullish trennd, and stops from long term longs are sited below. Silver heldremarkably well only dropping 65 cents where we would usually have seen a much more agressive sell off with such a large drop in Gold. ( 5 % in 7 days).
Some consolidation /range trading expected this week with 1625 offer first reistance and 1600 should attract atleast some Asian buying.
TenCent TenCent
there was a big Spike in Volume on Friday End of Session, smart Money went probably in the Gold..


The Saxo Bank Group entities each provide execution-only service and access to 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 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 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 or as a result of the use of the 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 your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. 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