Comments on: Gold consolidating earlier gains above $1300

By: Pete

Pete — Mon, 22 Jul 2013 04:38:59 +0000

No worries. Like you say timing plays a huge part in getting the right entry. Thanks Sean.

By: Sean Lee

Sean Lee — Mon, 22 Jul 2013 04:12:54 +0000

Sorry Pete, refusing to talk about cable after being stopped out few weeks ago 🙁
I see HSBC making big bearish call in cable today but I don’t see ut that way at moment, I much prefer buy-dips like yu say

By: Pete

Pete — Mon, 22 Jul 2013 04:06:23 +0000

Thanks Sean. Certainly looks that way. Btw cable’s picture is starting to look much better (both fundamentals and technical) you reckon? The recent break of 1.51 post carney’s first MPC has fully retraced. Seems good for a move back to 1.54?

By: Sean Lee

Sean Lee — Mon, 22 Jul 2013 03:44:40 +0000

Certainly risk-aversion tones to it but the main factor is the affect on commodity prices. Market obviously thinks that any effects will be Gold and Silver bullish and if that’s the case, then AUD and CAD should be bullish.

By: Pete

Pete — Mon, 22 Jul 2013 03:35:08 +0000

Hi Sean, how do you think this will affect audusd? Though the first reaction to this would be aud negative but it is holding up well so far (prob due to more fed dovishness expected from this?). Same goes for gold. Thanks.

By: Jason Jin

Jason Jin — Mon, 22 Jul 2013 03:07:22 +0000

You would think these headlines are commodity negative therefore AUD negative… but who knows these days? But seems USD/JPY is telling us risk-on environment maybe turning? AUD/JPY lower but AUD/USD higher and USD/JPY lower?