gold

European Open Preview – Stocks rebound, greenback lags to end holiday-shortened week

Posted on March 30, 2018 at 8:14 am GMT

Here are the latest developments in global markets: FOREX: The dollar traded 0.2% lower against a basket of six major currencies on Friday, with a public holiday in Europe and the US set to keep many traders away from their desks today, and liquidity in the FX markets thinner-than-usual. STOCKS: US markets closed higher yesterday, recovering some of the losses they posted earlier in the week. Technology stocks led the way higher for the most part, helped by some comments from the White [..]

US Open Preview – Dollar treads water ahead of US inflation data

Posted on March 29, 2018 at 11:07 am GMT

Here are the latest developments in global markets: FOREX: The US dollar traded higher against a basket of currencies yesterday, with dollar/yen surging 170 pips in a single day, though its rally is starting to lose steam again in the European session currently (-0.19%). Today, dollar traders are likely to turn their attention back to the economic calendar and the core PCE index for February. Euro and sterling were sold-off against the US dollar for the second day in a row. [..]

US Open Preview – Dollar on the rise despite trade stress; Techs push European equities lower

Posted on March 28, 2018 at 11:34 am GMT

Here are the latest developments in global markets: FOREX: Dollar/yen managed to pick up speed, rising to 105.84 (+0.49%) despite worries that tensions between the US and China could escalate again. The rise came after Trump tweeted that the meeting between the North Korean and the Chinese leaders “went very well” and that the former was “looking forward” to meet Trump. The dollar index, which gauges the greenback’s strength versus six major currencies was also up, standing at 89.51 (+0.16%) as the [..]

European Open Preview – Dollar flat with trade considerations remaining in the spotlight; US releases updated Q4 GDP figures

Posted on March 28, 2018 at 7:52 am GMT

Here are the latest developments in global markets: FOREX: The dollar was flat relative to a basket of currencies on Wednesday after adding 0.3% the previous day. Developments on trade were once again on the forefront and are likely to determine the short-term direction in the currency markets. STOCKS: US markets closed significantly lower on Tuesday, dragged predominantly by technology stocks. Declines in Facebook and Nvidia, as well as news that the US is considering restricting Chinese investments in US [..]

US Open Preview – Euro, pound erase gains; European equities cheer on trade hopes

Posted on March 27, 2018 at 11:52 am GMT

Here are the latest developments in global markets: FOREX: Dollar/yen held strong at 105.63, trading at five-day highs during the early European afternoon, underpinned by hopes that a trade war between the US and China could be averted based on encouraging comments made by US and Chinese authorities in recent days. Not so hawkish remarks delivered by the Atlanta’s Fed President, Raphael Bostic (a centrist voting member) pressured the pair temporarily after Bostic said in an interview with the Wall Street Journal published today that tax cuts might [..]

European Open Preview – Abating US-China trade tensions boost sentiment with equities rising and yen falling

Posted on March 27, 2018 at 7:50 am GMT

Here are the latest developments in global markets: FOREX: The dollar was not much changed against a basket of currencies on Tuesday, consolidating its losses from yesterday that saw it lose 0.5%, recording a more than one-month low along the way. Elsewhere, the yen was extending its losses from yesterday on the back of risk appetite returning to the markets. STOCKS: US markets staged a spectacular comeback yesterday, as headlines of progress being made in US-China trade talks helped to [..]

Technical Analysis – Gold at one-month highs; rally could be overstretched

Posted on March 26, 2018 at 3:07 pm GMT

Gold rallied during the past week, jumping from three-week lows to one-month highs. Price action is currently taking place above the Ichimoku cloud and the moving average lines, sending bullish signals for the trend of the market, but momentum indicators suggest that any weakness in the short-term should not be a surprise. The RSI is picking up speed above its neutral threshold of 50, though, it is not far away from overbought levels, hinting that maybe there is not much space left for additional gains. The fast stochastics support [..]

US Open Preview – Major currencies gain ground as trade fears recede; European equities move higher

Posted on March 26, 2018 at 12:26 pm GMT

Here are the latest developments in global markets: FOREX: Trump’s decision to exempt several countries from his import tariffs on Thursday and today’s headlines that China is stepping up efforts to start trade negotiations with the US, gave a lift to dollar/yen during early European trading hours, sending the pair to 105.83 (+0.37%) from a 16-month low of 104.55 touched earlier today. The dollar index, though, which tracks the dollar’s strength versus six major currencies was unable to bounce up, falling [..]

European Open Preview – Dollar recovers after fresh 16-month low versus yen; trade woes remain in focus

Posted on March 26, 2018 at 7:50 am GMT

Here are the latest developments in global markets: FOREX: The dollar was little changed versus a basket of currencies on Monday after previously recording a one-month low and coming under pressure versus the yen, with dollar/yen hitting a fresh 16-month low. The pair later recovered though to trade higher on the day. STOCKS: US markets remained in a downward spiral on Friday, as concerns over a potential trade war continued to suppress risk appetite. The Nasdaq Composite was the biggest underperformer [..]

US Open Preview – Dollar bears in charge; European equities tumble as trade fears persist

Posted on March 23, 2018 at 12:07 pm GMT

Here are the latest developments in global markets: FOREX: The Japanese yen was moving sideways near a 16-month low of 104.60 reached during the Asian session, last seen at 104.98 (-0.27%), as financial markets were rattled by worries over rising US-China trade tensions. Moreover, Turkey’s lira hit a record low of 4.03 to the dollar after the region failed to receive an exemption from the US import tariffs on Thursday. Dollar/lira surged 1.01% so far on Friday, paring some gains in the [..]

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