The price for EU Emissions Allowances (EUA) dropped sharply by around 40% in the March crash 2020 but has since then recovered above pre-COVID19-levels. On 16.09.2020 The EU comission announced the plan to reduce emissions by 55% instead of …

Sharp drop in EU-ETS Emissions could pose a risk to the current rallye in EUAs Read more »

The containment measures against the New Coronavirus (COVID19) have slowed down national and international business activity heavily. Whilst companies in the digitalisation and healthcare are profiting most other sectors and especially international tourism and the service sector are suffering. The …

Sharp drop in EU-ETS Emissions estimated due to COVID19 Read more »

Again the potential pullback in Gold did not materialize and the rallye rocketed through 2’000 reaching a high of 2’071 on 08.08.2020. The RSI is still looking overbought and the correction could easily continue down to 1’900 without disturbing the …

20200809- Gold rallyes above 2’000 what’s next? Read more »

The potential pullback in Gold did not materialize. The rallye went straight to the target, the 2011 high around 1’911$. Thereby breaking upward throught the trend channel. The chart still looks bullish despite the RSI looking overbought and a higher …

20200727- Gold rallyes straight to 2011 high Read more »

After the EU agreed on the 750 € billion COVID19 recovery fund stocks and commodities rose. Especially gold. Most likely inverstors are expecting that with these huge sums finally some inflation will occur. Gold rallyed through the resistance at 1’800$ …

20200722- Gold rallyes through 2012 high Read more »

Two days ago I wrote: “A break below this level (1.071) could mean the end to the current medim term uptrend. If the level holds, the 1.083 would need to be broken on the top to break out of the …

20200611- EUR/CHF – easy come, easy go and back into the downtrend Read more »

From the lows around 1.05 the EURCHF rose above the resistance at 1.06066 on enthusiasm about the COVID19-recovery programmes of unprecedented amounts delivered by the European Central Bank and the governments. Furthermore there is indications that the Swiss National Bank …

20200609- EUR/CHF – broke out but still in primary downtrend Read more »