Recent content by CapitalTrustMarkets

Gold Plunges Ahead of FOMC Minutes Market Sentiment: Bullish Key Takeaways: Gold plunges ahead of FOMC minutes Investors eye FOMC stance on future monetar policy outlook 1180 remains crucial support The price of gold hit the 200-Day Simple Moving Average (SMA) yesterday before pulling back...

Gold Eyes Trendline Resistance, Triple Bottom Neckline Market Sentiment: Bearish Key Takeaway: Potential triple bottom price pattern emerges on the weekly chart Trendline resistance being noted near $1310 $1180 remains key support area The long term target of the precious metal remains $1310...

EURCAD Rallies As Triple Bottom Pattern Weighs Market Sentiment: Bearish Key Takeaways: EURCAD increases broadly after the bullish breakout Neckline breakout confirms the triple bottom pattern Bulls look in firm control The Euro (EUR) surged broadly against the Canadian Dollar (CAD) on...

Market Sentiment: Bearish Key Takeaways: GBPUSD dips to the multi-month low ILO Une Market Sentiment: Bearish Key Takeaways: GBPUSD dips to the multi-month low ILO Unemployment Figure is due today Buyers waiting for bullish signs The Great Britain Pound (GBP) fell broadly against the US...

USDCAD Looks Vulnerable Ahead Of Canada’s Employment News Market Sentiment: Bullish Key Takeaways: USD/CAD looks set for another downside move Canadian employment figure is due today Bearish pin bar emerges on the four-hour timeframe The US Dollar (USD) slid down against the Canadian Dollar...

Cable Eyes 1.6300 As Downward Slope Channel Looks Vulnerable Market Sentiment: Bearish Key Takeaways: Cable continues to trade within the downward slope channel Traders curiously waiting for the nonfarm payrolls A bullish breakout would threaten the 1.6300 resistance area GBP/USD tested and...

Canada Set To Outpace US Growth - But For How Long? Fundamental bias: Long Term Bearish CAD Key takeaways: • Canadian inflation set for release on Friday morning • The USD looks set to outpace the CAD long term • Short term however, a better than expected release in Friday’s GDP figure could...

Japanese Inflation Data Shines Light On Policy Fundamental Bias: Bullish Yen Key Takeaways: • Japanese inflation and consumer spending data set for release on Thursday evening • Some analysts predict stagflation, so a bullish yen release would require better than expected data in both...

Palladium Jumps To Highest level Since 2011 Market Sentiment: Bullish Key Takeaways • Palladium retraces from the multi-year high • A rejection from the trendline shows downside risk in the short term • Bias remains extremely bullish Palladium rallied yesterday to the highest level in more...

Dark Times Lie Ahead For Germany And The Eurozone Fundamental Bias: Bearish EUR Key Takeaways: • German unemployment data set for release early Wednesday morning • Consensus forecasts no change on the previous release of 6.7% • Elections and the resulting Euroscepticism could disrupt the...

Will Durable Goods Derail A Potential Hike? Fundamental bias: Neutral Key Takeaways: • US core durable goods set for release on Tuesday morning • A miss could derail the potential for an early 2015 rate hike • Draghi is set to speak in Portugal shortly after the release, so the USDJPY may be a...

This Release Offers Insight Into Japanese Headline Inflation Fundamental bias: Neutral Key Takeaways: • Japanese CPSI set for release on Monday evening. • The release can serve as a leading indicator of the upcoming headline inflation data. • A miss could inject some volatility into the...

Will Strikes Weigh On South African Growth? Fundamental Bias: Bearish Rand Key Takeaways: • South African GDP set for release early Tuesday morning • Strikes have dogged expectations, and consensus forecasts the first QoQ decline in four years • Look for a miss to offer up channel resistance...

A Perfect Storm Presents Rare Upside Play in Palladium Fundamental bias: Strong Bullish Key Takeaways: • Ukraine elections present upside play in Palladium • Russian intervention could cause sanction tightening, which could restrict global Palladium supply • South African strike adds supply...

Canadian Inflation Hit Could Validate Classic Pattern Fundamental Bias: Neutral Key Takeaways: • Canadian inflation data set for release Friday morning • Sector and regional disparity is skewing Canadian releases as of late • A better than expected release could validate an eight week head...