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Wait A ReturnTitle:
U.K. third quarter GDP unrevised, driven by government spending and stockbuilding
U.K. growth in the third quarter remained unrevised at 0.5%, supported by the rise in government spending and stockbuilding.
GDP preliminary figure released today showed that both quarterly and annual readings remained unchanged at 0.5%, in line with both advanced and forecasted readings.
On the quarter, government spending advanced 0.9% compared with the previous 1.1%, whereas Inventories soared by 2.9 billion pounds where Stockbuilding was boosted by manufacturing, electricity, gas and water supply.
Gross fixed capital formation, on the other hand, recorded 0.2% drop from the prior 1.7%.
Separately, total business investment slumped 1.4% from the prior 11.6%, where consumer spending came at 0.0%.
Exports slipped 1.0% from the preceding -1.3% while imports surged 0.3% from -0.3%.
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Title:
Gold rises on bargain hunting; equities weigh
(Reuters) - Gold regained strength on bargain hunting on Thursday but declines in equities blamed on the euro zone crisis could prompt investors to sell bullion to cover losses, while another rally in the U.S. dollar could also put pressure on prices.
Japanese stocks hit a two-and-a-half-year low and the euro struggled after a disappointing German bond sale raised alarm that Europe's ever-worsening sovereign debt crisis is starting to affect even the continent's economic powerhouse.
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Technical analysis of the XAU/USD (Gold) pair on November 24th, 2011
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD continues to move above the upper band of its long term bullish channel.
The return below 1700 points has conforted our bearish feeling.
Indicators are globaly bearish.
We maintain to trade only short positions as far as 1725 is resistance.
The breakout of 1650 points will give a new sell signal and open the way towards 1600.
In case of return above 1725, we will wait the breakout of 1750 to advise long positions.
See the previous analysis of the XAU/USD pair of November 23th, 2011
XAU/USD Analysis
Title:
Technical analysis of the AUD/USD parity on November 24th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD has reached yesterday the objective of the head and shoulders pattern at 0.97.
The pair is currently trying to rebound for a pullback on 0.98.
All indicators are bearish.
We maintain to trade only short positions as far as 0.99 is resistance.
The breakout of 0.97 will give a new sell signal and open the way towards 0.96.
In case of return above 0.99, we will wait the breakout of 1.0 to advise long positions.
See the previous analysis of the AUD/USD parity of November 23th, 2011
AUD/USD Analysis
Title:
Technical analysis of the EUR/JPY pair on November 24th, 2011
Commentary of the EUR/JPY pair :
The pair EUR/JPY is moving below a bearish slant (purple line).
The pair is currently testing a rebound after having found support at 103 (minor support).
All indicators are bearish.
We maintain to trade only short positions as far as 104.50 is resistance.
The breakout of 103.50 and 103 will both give a new sell signal.
In case of return above 104.50, we advise to wait the breakout of 105 to trade only short positions.
See the previous analysis of the EUR/JPY pair of November 23th, 2011
EUR/JPY Analysis
Title:
Technical analysis of the EUR/USD pair on November 24th, 2011
Commentary of the EUR/USD pair :
The pair EUR/USD has validated yesterday the breakout of 1.3450 and 1.34, giving both a new sell signal.
The pair just found support on the lower band of its bearish channel (purple line).
The pair is currently testing a pullback on 1.34.
All indicators are bearish.
We maintain to trade only short positions as far as 1.35 is resistance.
The breakout of 1.33 will give a new sell signal and open the way towards 1.32.
In case of return above 1.35, we will wait the breakout of 1.36 to advise long positions.
See the previous analysis of the EUR/USD pair of November 23th, 2011
EUR/USD Analysis
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Differing Views of Wealth: How Insiders and Outsiders Approach the World of Money
What’s the latest news? The great battle continues… Dow down 53. Gold up $23.
Up vs. Down
Zombies vs. Producers
Inflation vs. Deflation
The feds vs. the market
Expansion vs. contraction
Centralization vs. decentralization
Bull vs. Bear
And no one knows exactly how it will work out. Some are betting on a ‘recovery’ and a new bull market. Others have put their money in gold or cash…expecting more crises and more calamities.
Mr. Market is determined to deflate the debt bubble. The feds are determined to stop him. One destroys paper credits. The other prints more of them. The outcome is still in doubt.
Another way to look at this great battle — it’s a fight between the outsiders and the insiders. The outsiders are unruly…uncontrollable…and unpredictable. They’re the creative ...
Title:
Technical analysis of the XAU/USD (Gold) pair on November 23th, 2011
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD has just validated a return above 1700 points after having found support on the upper band of its long term bullish channel.
All indicators are still bearish.
We maintain to trade only short positions as far as 1725 is resistance.
A return below 1700 points will comfort our bearish feeling.
The breakout of 1650 points will give a new sell signal and open the way towards 1600.
In case of return above 1725, we will wait the breakout of 1750 to advise long positions.
See the previous analysis of the XAU/USD pair of November 22th, 2011
XAU/USD Analysis
Title:
Technical analysis of the AUD/USD parity on November 23th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD has just validated the breakout of the support at 0.98, offering a new sell signal.
All indicators are bearish.
We maintain to trade only short positions as far as 0.99 is resistance.
The breakout of 0.97 will give a new sell signal and open the way towards 0.96.
In case of return above 0.99, we will wait the breakout of 1.0 to advise long positions.
See the previous analysis of the AUD/USD parity of November 22th, 2011
AUD/USD Analysis
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