Divergence

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Gold’s Big Breakdown Hints at a Major Top, Could Expose 1200 in Time

April 16, 2019 1:04 PM
As any gold bug would tell you, last year’s fourth quarter was a strong one, with the yellow metal gaining nearly 8% from October through New Year’s Day. The good times carried over into mid-February, when gold peaked near $1350, but the price action over the last two months suggests that a major top may have formed.

USD/JPY: Things could get hairy if 111.00 support gives way

March 21, 2016 8:45 AM
<p>Markets are off to a ponderous start to the week as theres been essentially no new data to digest over the weekend. Global equities, fixed income, and currencies are all essentially unchanged across the board and with no major economic releases on tap for today’s US session (beyond the second-tier Existing Home Sales report at 14:00 GMT), the slo...