Tag: longleaftrading.com

Gold Chart of The Week

Posted on by The INO.com Team

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report (February 4th through February 8th)

It should come as little surprise that we begin this week correcting a portion of last week’s strong move up. After a fun filled stretch of reports in the United States, including an FOMC announcement, Consumer Confidence figures, and Employment numbers, we head into a light news calendar for the next five days here in the states. There are scheduled Interest Rate decisions this week in Australia, New Zealand, Great Britain, and from the ECB, which should bring some movement to global currencies and in turn, commodity prices.

The standout in last weeks reports in the United States was the fact that the FED announced they will maintain their usual stance on the market and will continue easing at the same pace until things improve. Continue reading "Gold Chart of The Week" →

Commodity Chart of The Week

Posted on by The INO.com Team

Each week longleaftrading.com will be providing us with a commodity chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

The copper market is very sensitive to both Chinese growth statistics and US Housing numbers. Both groups have been trending in the right direction for months and that has given the copper trade a boost. Last week's US housing numbers missed, blunting a nice move off of support the prior week. It was reported last week that China's manufacturing activity in January grew at the fastest pace in two years, according to the preliminary HSBC China Manufacturing purchasing managers' index, which rose to 51.9 in January from 51.5 in December. This growth trend bodes well for China's 2013 economic outlook and it is in line with the comments from the IMF made the prior week, with respect to projected growth in China.

The fundamental forces at had set a nice backdrop for copper, but as we all know that does not amount to much if the market is not providing a way to enter a trade with a strong risk/reward profile. The technical developments in copper appear to be orderly and I will be looking to come into the copper this week based on the strong technical picture. Continue reading "Commodity Chart of The Week" →

Gold Chart of The Week

Posted on by The INO.com Team

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report (January 28th through Feb 1st)

If anyone is trading any markets outside of Gold, you may be interested in knowing that this week is packed full of important reports in the United States, including a continuation of earnings reports, GDP, Payrolls, ISM, and even an FOMC announcement. There will also be Consumer Confidence Reports in the US and in Europe in this week’s reports, but if this week is anything like the last, the reports will pale in comparison to the importance of the technical analysis seen in the chart below.

After a ten trading day, $70 rally in the Gold Futures, prices failed again to break $1700 four days in a row. That technical failure was just what was needed to drop the market on its head and now we begin the week at trendline support. Continue reading "Gold Chart of The Week" →

Gold Chart of The Week

Posted on by The INO.com Team

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report (January 21 through January 25)

As we begin this abbreviated week, U.S. markets continue to be the focal point as traders try to plan ahead for a continuation of reported earnings. Additionally, there is expectation that House Republicans are planning to punt the U.S. debt ceiling decision by three months if a few of their demands are also met as a compromise. Overall, I believe most traders (myself included) were delighted to see stability this morning as we won’t soon forget the MLK Day chaos from five years ago, when equities saw unwinding of a massive futures position held by a trader at SocGen. While we all welcome volatility, we also appreciate it in smaller doses!

The bulk of the earnings this week fall in the S&P 500 as just shy of one hundred companies in the index report earnings. Thus far, earnings have been decent as indicated by several closes last week above the prior September chart highs. Be sure to keep an eye on Apple as they report on Wednesday. Despite the fact that it has been on a recent slide, it still commands attention as it hovers the $500 mark. Continue reading "Gold Chart of The Week" →

Gold Chart of The Week

Posted on by The INO.com Team

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report (January 14 through January 18)

Week two of 2013 is behind us and as we look ahead to week three, the US earnings reports are on the front burner. This week, a few major US banks and heavy hitters like General Electric and Intel will report earnings and share their thoughts on potential growth. The sentiment of major corporations in the United States will be key again this year as they contemplate investing funds that were sidelined last year, due to political and economic uncertainty. Stock indexes seem to be pricing in favorable news as they climbed above the prior chart highs from September. The tricky part of the first earnings report of this year is the fact that movement in either direction will have to consider the upcoming debate in Washington surrounding the second half of the Fiscal Cliff, and whether the government can find common ground on taxes and spending. Continue reading "Gold Chart of The Week" →