gold

Forex Market Review (Asian Session) – Safe-havens gain demand as North Korea fires a hydrogen bomb; Gold tops at 11-month high amid rising geopolitical risks

Posted on September 4, 2017 at 8:07 am GMT

It was another risk-off Monday for investors as North Korea was said to have fired its sixth and most powerful weapon on Sunday, driving the demand for safe-haven assets higher while the US markets were closed for the Labour Day holiday. Gold gained the most, hitting a fresh 11-month high during the Asian trading hours. Yesterday, the North Korean regime announced that it had successfully tested a hydrogen bomb as a response to the US-South-Korean military exercise conducted last week. Although there was no independent verification whether [..]

Forex Market Review (European session) – NFP disappoints but dollar finds support on Manufacturing PMI; euro down as ECB Constancio and Nowotny remain cautious

Posted on September 1, 2017 at 3:28 pm GMT

The dollar went downhill during the mid-European trading hours as the widely expected and Fed’s closely watched indicators, nonfarm payrolls and earnings, came in worse than expected in August but managed to recover on upbeat manufacturing PMI readings. The euro hit lower while the dollar was rebounding but did not show significant reaction to the less hawkish remarks made from ECB officials on Friday. While analysts expected nonfarm payrolls to increase by 180,000 in August, the actual number popped up [..]

Forex Market Review (Asian session) – Dollar ticks up in Asia ahead of NFP; Aussie weaker ahead of busy week

Posted on September 1, 2017 at 8:00 am GMT

With geopolitical risks remaining in the background and the tropical Storm Harvey devastating the Southern US, the dollar managed to reverse some of yesterday’s losses during the Asian session. Investors were also forming their predictions for the widely expected nonfarm payrolls released later today. The aussie posted short-lived gains during today’s trading after AIG manufacturing index and the Chinese Caixin came in better than expected. Following disappointing inflation and consumer spending readings published on Thursday as well as US Treasury [..]

Forex Market Review (European Session) – ECB exchange rate concerns drag euro lower; Loonie jumps on Canada GDP beat

Posted on August 31, 2017 at 3:12 pm GMT

A busy economic data session had limited impact on the US dollar and the euro as the greenback maintained its steady recovery, while the euro extended its losses. Risk sentiment remained positive with major European stock indices gaining by almost 1%, though demand for gold held up, with the precious metal climbing 0.6% to $1316 an ounce. Traders chose to put aside their concerns over the heightened geopolitical risks relating to North Korea, while President Trump’s speech yesterday on tax [..]

Forex Market Review (Asian Session) – Dollar extends gains as economic confidence rises; Aussie weaker after CAPEX; Kiwi hits 2 ½ – month low

Posted on August 31, 2017 at 7:46 am GMT

The dollar had a relatively winning battle against its peers overnight, extending its positive momentum after investors restored their confidence in the US economy despite geopolitical risks remaining high and huge damages from the ongoing tropical storm Harvey. On the other hand, the Australian dollar performed poorly, failing to find support on positive economic data, while the Kiwi was the worst performer after figures out of New Zealand came in disappointing. While waters continued rising in southeast Texas and slow-moving [..]

Forex Market Review (European Session) – Dollar extends rebound on US data; euro runs out of steam

Posted on August 30, 2017 at 3:07 pm GMT

Risk sentiment improved notably on Wednesday as geopolitical risks ebbed, helping the US dollar extend its gains into the European session. The euro was the worst performing major currency as the three-day sharp rally ran out of steam. The commodity-driven Canadian, Australian and New Zealand dollars also came under pressure against the resurgent dollar but the pound was a surprise outperformer. The euro was unable to hold on to the $1.20 handle after rising above the level yesterday for the [..]

Stock Market News (European Open) – Stocks advance as Korean worries recede

Posted on August 30, 2017 at 9:17 am GMT

Seemingly deescalating Korean tensions led stock markets in Europe posting a rebound after yesterday’s hefty declines. During morning European trading hours all major European indices were in the green. The strong earnings environment on a global basis is also acting as a catalyst for the recovery. In particular, the FTSE 100, DAX and CAC 40 were up by 0.4%, 0.6% and 0.4% respectively. Financials which took a beating during yesterday’s risk-off mood are leading the gains in the FTSE (up [..]

Forex Market Review (Asian Session) – Dollar pares losses as North Korean risks ease; Aussie hits 4-week high on upbeat construction spending

Posted on August 30, 2017 at 7:33 am GMT

While the US counts the damage from the ongoing disastrous tropical storm Harvey, the dollar managed to reverse losses during the Asian trading hours as investors’ fears over a dangerous escalation of tensions between North Korea and the US eased. Meanwhile, the aussie peaked at a 4-week high after construction projects recorded the highest growth in six years. Despite catastrophic thunderstorm Harvey continuing to move slowly around Texas, causing the death of 12 people and a damage amounting to 10bn dollars so far, [..]

Forex Market Review (European Session) – Dollar remains under pressure; euro and gold extend gains

Posted on August 29, 2017 at 2:30 pm GMT

The US dollar remained under pressure in European trading today, extending its Asian session losses, while the euro and gold added to their earlier gains. The risk aversion brought on from North Korea’s latest missile tests, which violated Japanese airspace, showed little sign of dissipating, with major European indices falling deep into the red. Dollar weakness lifted other majors however, with sterling, and the Canadian, Australian and New Zealand dollars all rising on the back of the greenback’s slide. The [..]

Forex News – Gold surges, dollar and stocks tumble on latest North Korea missile strike

Posted on August 29, 2017 at 11:09 am GMT

Geopolitical tensions came back to haunt markets today after North Korea fired an unidentified ballistic missile over Japan. The missile flew over the northern Japanese island of Hokkaido before falling into the Pacific. This was the first missile to pass over Japanese territory since 2009 and comes after North Korea recently backed down from its threat to strike the US military installation in Guam in the Pacific Ocean earlier this month. The latest provocation has reignited fears of a serious [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

How can we help?

Live Chat Terms