Gold at annual highs and this is not the limit

Gold completes the week with impressive growth, for two days the metal has risen in price by 20 dollars, while today the prices have updated the annual maximum, having risen above the 1.1350 mark. The main reason in geopolitics: The US is preparing a new package of even more stringent sanctions against North Korea, while …

Nomura: it looks like the dollar / yen is on Y105

We can not name any specific reason for today’s decline in the dollar / yen. Probably, the pair simply continues the downtrend started yesterday at the American session. Now, when the pair broke below the important support of Y107.87 (correction of 61.8% of the “Trump Rally” from the area of ​​Y101), it is difficult to …

Commerzbank opens new horizons for Euro-rally

According to Karen Jones, head of technical analysis at Commerzbank, the euro will grow as long as it remains above the trend line at around 1.1880. “EUR / USD is trading above its uptrend, which today is at the level of 1.1881. Euro tested a recent high of 1.2070. Fastening above 1.2070 opens the way …

The pound is developing immunity to bad news

Over the past 2 weeks, the British currency has grown against the dollar by more than 2 percent, while ignoring a number of disappointing macroeconomic indicators. The pound was strengthened even in those days when Britain published reports that showed weak rates of growth in activity in the services sector and a drop in property …

How safe to play against bitcoin

Today, many believe that the dizzying growth of bitcoin – by 643% over the past 12 months and more than 4000% in five years – is the biggest parabolic bubble of our time, which sooner or later burst with a big bang. However, none of these cryptosceptics is in a hurry to back up the …

Buy a pound, advises Investec

The 13 percent devaluation of the pound against the dollar after the referendum on the withdrawal of the UK from the EU made it attractive for some investors; it may well rise by 5% on the trade-weighted index, where its fair value is, said the manager of Investec Asset Management Ltd. Russell Silberston. This is …