EURUSD, “Euro vs US Dollar” EURUSD has completed the ascending structure at 1.2133. Possibly, today the price may rebound from this level. Later, the market may continue trading to the downside to reach the short-term target at 1.1964. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has finished another descending impulse and right now is forming a new consolidati...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Monday was a weak 73-100-117. The TSX Venture Exchange fell fractionally to 783 while polished diamond prices jumped 0.4 per cent. Sheldon Inwentash's Gratomic Inc. (GRAT) lost 1.5 cents to 17 ce...Read More
Investing.com - Gold prices fell on Monday, nearing their recent five-week lows as waning geopolitical tensions and a stronger dollar weighed on demand for the precious metal.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were down $5.10 or 0.38% to $1,318.30 a troy ounce by 04:40 AM ET (08:40 AM GMT), re-approaching the five-week low of $1,315.70 set on T...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold fell $7.80 to $1,314.80 on Monday. The TSX Venture Exchange fell 0.13 point to 783.63 while the TSX Gold Index dropped 3.84 points to 188.16. Detour Gold Corp. (DGC), down $4.55 Friday on discouraging guidance adjust...Read More
GOLD (in USD) Selling pressures. Gold is weakening following recent rise at 1325, heading along the 1315 range. Hourly support and resistance are given at 1314 (13/03/2018 low) and 1357 (26/01/2018 high). The technical structure suggests short-term upward moves. In the long-term, the technical structure suggests that there is a growing upside momentum. A break of 1'392 (17/03/2014) is requ...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX-Venture Exchange slipped a fraction of a point to 783.63 Monday. John Travaglini has filed a preliminary prospectus to list his second capital pool shell, Platform 9 Capital Corp. Platform 9 plans to sell an initial public offe...Read More
Some silver bulls lacking patience are being driven mad by its seemingly interminable sideways pattern, yet you shouldn't be, because the continuing sideways movement allows more time to build a portfolio of silver investments ahead of the major bullmarket that we know is incubating. Right now it is being held in restraint like gold, by the dollar rallying, but that won't carry on forever, and as...Read More
The ratio provides clues.Silver got very cheap compared to gold.Silver is not the only precious metal that is lagging the yellow metal.The ratio weighed on the sector.A recent turn around could mean higher prices in the coming weeks and months.In around 3000 BC the first Egyptian Pharaoh Menes declared that two-and-one-half parts silver equal one-part gold. In those days, gold and silver were lead...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellYelena Furman, the woman charged alongside fugitive Canadian Myron Gushlak for a 2012 shell scheme, has received 18 months in jail. Florida Judge Cecilia Altonaga imposed the jail term along with a six-month period of house arrest and three years of s...Read More
US Treasury yields skewered Gold prices recently, and the precious metal is struggling to recover. Inflation concerns have continued to pick up in the US, and soon rising interest rates will begin taking chunks out of Gold bulls' efforts. Gold is trading into the new week on a low note, testing back into 1,321.00 in early Monday action. The precious metal rebounded on Friday after falling st...Read More
Key data from the Friday April 27 pricing session in London. Key drivers: - Strong underlying demand from aviation sector, where the minor metal is used in high-temperature superalloys for engines and turbine blades - Market correction from previously low...Read More
Net substitution of copper in 2017 fell for the sixth year in a row to 225,000 tonnes, down from 245,000 tonnes the previous year, according to figures released by the International Copper Association (ICA) on Monday April 30. Findings of the 2018 Global Copper Substitution survey, conducted by specialist consultancy MetalsPlus, reveal that total substitution accounted for 0.8% of the market last...Read More
Due to a technical error, an incorrect figure briefly appeared in the price book for the Metal Bulletin Group's daily fob Australia alumina index on Monday April 30. The price appeared as $653.47 per tonne for a short period; it should have read $658.13. Metal Bulletin's price book and database have been updated to reflect this change. The inferred fob Brazil alumina index has also been updated to...Read More
Comex copper prices bounced-back from a multi-week low on Monday April 30 morning in the US, with investors preventing another wave of selling despite the dollar climbing once again.Copper for July settlement on the Comex division of the New York Mercantile Exchange inched up 1.15 cents or 0.4% to $3.0810 per lb. On Friday, the contract fell to its lowest point since April 6 on a bout of technical...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellYelena Furman, the woman charged alongside fugitive Canadian Myron Gushlak for a 2012 shell scheme, has received 18 months in jail. Florida Judge Cecilia Altonaga imposed the jail term along with a six-month period of house arrest and three years of s...Read More
The latest metal markets news and price moves to start the North American day on Monday April 30.Base metals prices on the London Metal Exchange were mixed during morning trading on Monday April 30, with aluminium and nickel continuing to dip from recent highs.Here's how base metals prices looked at 12:10 London time:Read our live futures report here.South Korea's Public Procurement Service h...Read More
Base metals prices on the London Metal Exchange were mixed during morning trading on Monday April 30, with aluminium and nickel continuing to dip from recent highs. Aluminium's three-month price is consolidating close to the $2,200-per-tonne mark, with prices continuing to fall from a closing high of $2,550 per tonne on April 18. News of a potential escalation in US-Russia sanctions continues to i...Read More
Base metals prices on the London Metal Exchange were for the most part little changed this morning, Monday April 30. Lead, zinc, tin and copper were slightly firmer, with the latter at $6,815 per tonne, while aluminium and nickel were slightly weaker.With Chinese and Japanese markets closed, volume has been light with 2,195 lots traded as at 07.36 am London time. This follows a generally weak day...Read More
South Korea's Public Procurement Service (PPS) has floated two tenders to procure a total of 2,000 tonnes of good western primary aluminium, according to notices from the state agency on Friday April 27.The two tenders for 1,000 tonnes each are for high-grade good western aluminium of London Metal Exchange-registered brands - except those from China, India, Russia and Egypt - for delivery on cif b...Read More
Turkey's biggest steel producer, Erdemir Group, sold 1.937 million tonnes of flat steel products in January-March 2018, up by 9.19% from the 1.774 million tonnes sold in the corresponding period of 2017, the group said last week.The group reported earnings before interest, taxes, depreciation and amortization (Ebitda) for January-March 2018 of TRY1.67 billion ($411.91 million*). This was up by 25....Read More