Daily Morning Call

From the Floor: Gold to steam ahead amid uncertainty — #SaxoStrats

462 views
With both Europe and America sailing in uncharted waters, safe-haven gold looks set to push even higher, while oil continues to struggle for a foothold as production outpaces demand.
  • Gold resilient, resistance of $1,236/oz ahead of $1,250 — Hansen
  • WTI crude below 50-day moving average
  • Iranian oil minister says Opec willing to reduce output to hit $60/barrel target
  • Expect consequences from energy sector's high income/debt levels — Garnry
  • Bunds continue to strengthen as investors seek refuge, will eventually move lower
  • French government bond spreads at 4/5 year high on election uncertainty
  • Dax could be cause for concern if it hits 11,400 level
  • EURUSD at yesterday's lows, could open up for next support level — Hardy
  • Copper making a strong rally but susceptible to strike action — Hansen