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FINANCEROLL – Though precious metals have witnessed a fierce downside over the last week, we expect more of such downside to continue before we believe it would be time for investors to go long in Gold and Silver again.

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FINANCEROLL – Gold is closing lower today at $1,244. This marks the fifth consecutive “down” day since breaking the base of our 2 month consolidation triangle. Initial target on this move is $1,232. It also represents the 76.4% Fibonacci retracement support of our $1,185 to $1,392 range since December …

Daily Market Outlook 21 May, 2014

FINANCEROLL – Currencies Outlook. EUR: EUR/USD is trading flat for today at 1.3700 as risk appetite among traders declined after data showed that Germany producer prices fell more than expected in April. Officials once more stating to apply ‘non-traditional’ measures including asset purchasing plan if …

Daily Market Outlook – 22/05/2014

FINANCEROLL – Currencies Outlook. EUR: EUR/USD fell as low as 1.3633 during the FOMC minutes and found support there after it retraced a bit. Now the single currency trading at 1.3765 level with May’s Eurozone PMI Data being the headlines for today’s morning session. With negative expectations of the …