gold

European Open Preview – Markets shrug off latest trade tensions as dollar holds firm at 5-week high

Posted on April 6, 2018 at 9:29 am GMT

Here are the latest developments in global markets: FOREX: The US dollar came under fresh selling pressure yesterday after President Donald Trump stepped up the trade war with China and threatened additional tariffs on Chinese imports. The greenback briefly dipped below the key 107 level, having hit a 5-week high of 107.49 yen earlier in the day. Market participants chose instead to focus on the strong economic fundamentals of the US and global economy and the dollar quickly recovered, with [..]

US Open Preview – Dollar extends recovery on easing trade fears; European stocks advance

Posted on April 5, 2018 at 11:26 am GMT

FOREX: The US dollar rose by 0.20% to a two-week high of 107.14 against the Japanese yen on Thursday after a late recovery by US equities. Looking ahead, Friday’s non-farm payrolls report is still a major point of focus for traders. The US dollar index moved marginally higher, edging up to 90.15. Euro/dollar pared earlier losses which drove the pair to a two-week low of 1.2248. The single currency, which is currently challenging its medium-term ascending trend line, may have to wait until the release of the NFP report to [..]

European Open Preview – Markets recover on hopes for trade negotiations; UK services PMI and US trade data due

Posted on April 5, 2018 at 7:40 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index traded 0.1% higher on Thursday. Against the yen, the dollar was up nearly 0.25% as concerns of an imminent trade war subsided, diverting flows out of the Japanese currency, which is considered a safe-haven asset. STOCKS: US markets closed higher yesterday, managing to recoup earlier losses following comments from US National Economic Advisor Larry Kudlow that helped to calm the nerves of investors worried about a potential trade [..]

US Open Preview – Yen rallies as China unleashes new tariffs on US

Posted on April 4, 2018 at 10:56 am GMT

FOREX: The US dollar index – which measures the greenback’s performance against six major currencies – dipped by 0.17% on Wednesday and safe-havens jumped once again after China took further trade retaliatory measures against the US today, imposing a 25% import tariff on key US products. Dollar/yen dropped to a session low of 105.98 before it inched up to 106.09, losing 0.43% on the day. Euro/dollar was trading higher by 0.08% during today’s European session and was last seen slightly below the 1.2300 psychological [..]

European Open Preview – Risk appetite recovers despite US tariff news; eurozone inflation in focus

Posted on April 4, 2018 at 7:37 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index was practically unchanged on Wednesday, consolidating after it posted some notable gains yesterday amid a recovery in risk sentiment and a surge in longer-dated US Treasury yields. Kiwi/dollar was among the prime winners today, gaining 0.35%. The loonie surged yesterday as well, on the back of optimism that a NAFTA deal may be reached soon. STOCKS: US markets recovered sharply, helped by a combination of diminishing risks surrounding [..]

US Open Preview – European stocks tumble, dollar stalls as trade worries persist

Posted on April 3, 2018 at 11:17 am GMT

Here are the latest developments in global markets: FOREX: The US dollar traded higher against the Japanese yen by 0.24% after three days of declines. However, the dollar index – which measures the greenback’s performance against six major currencies – fell by 0.10% on Tuesday, and is currently hovering just below the 90.00 handle. Euro/dollar was trading higher by 0.11% during today’s European session, standing marginally above the 1.2300 psychological level. Sterling advanced by 0.17% versus the greenback, hovering around its [..]

European Open Preview – Safe havens shine brightly, equities extend losses as China “strikes back”

Posted on April 3, 2018 at 8:07 am GMT

Here are the latest developments in global markets: FOREX: The US dollar traded 0.1% lower against a basket of six major currencies on Tuesday. Yesterday, the major mover was the Japanese yen, which surged on safe-haven demand, as trade concerns remained at the forefront. The Canadian dollar also gained amid speculation that the NAFTA talks could bear fruit soon. STOCKS: US markets sank once more yesterday, beginning the new quarter on the back foot as worries over protectionism and the [..]

Technical Analysis – Gold extends gains after rebound from 1321; immediate resistance at 20-SMA

Posted on April 2, 2018 at 9:22 am GMT

Gold has been outperforming today following the rebound from the 1321 support level that hit last Thursday. Despite the latest pullback though, the precious metal has not posted a lower bottom below 1321, which makes one hesitant to trust further declines for now. Looking at momentum oscillators in the 4-hour chart, they suggest further upside movement may be on the cards in the short-term. The RSI indicator is approaching the 50 level and is also pointing upwards. The MACD oscillator jumped above [..]

European Open Preview – Equities soften as China retaliates; US ISM manufacturing PMI pending

Posted on April 2, 2018 at 8:01 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was nearly 0.2% lower on Monday to start the new quarter, amid continued concerns over a US-China trade dispute escalating following the latest tariffs by China, due to take effect today. The British pound was on the front foot, gaining against both the dollar and the euro, extending the significant gains it posted in the first quarter amid a reduction in Brexit uncertainties. STOCK: US markets remained closed on Friday, [..]

US Open Preview – Markets consolidate amid thin liquidity conditions

Posted on March 30, 2018 at 10:47 am GMT

Here are the latest developments in global markets: FOREX: The dollar was slightly lower against its major peers on Friday, ahead of the new quarter. The dollar index fell by 0.3% today, while it dropped more than 2% in the first quarter of 2018, its fifth consecutive quarter of declines. Dollar/yen declined by 0.26% in the day and remains slightly above the 106.00 handle. Euro/dollar and pound/dollar recovered some of the previous days’ losses, rising by 0.21% and 0.33% respectively. Antipodean currencies traded [..]

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