All Articles Tagged - gold

Daily Market Comment – Stocks edge up, dollar eases as bond markets stabilize

Posted on March 1, 2021 at 9:42 am GMT

Yields fall back as selloff in government bonds cools, but is the panic over? Stocks get off to firm start as vaccine and stimulus hopes still at play Risky currencies pare losses as dollar recedes from highs, gold bounces off lows Calm returns to bond markets, but maybe not for long Long-dated Treasury yields started the new month well off their one-year highs from last week as a bit of calm was restored in battered bond markets. The 10-year yield [..]

Technical Analysis – Gold finds support at descending channel; still negative

Posted on March 1, 2021 at 7:27 am GMT

Gold is trying to recoup some losses of the preceding week and has been remaining within a downward sloping channel over the last seven months. In trend indicators, the 20- and 40-day simple moving averages (SMAs) are heading south as well as the Ichimoku lines. The stochastic oscillator is approaching the oversold zone; however, the RSI is turning up in the negative territory, suggesting a possible upside rebound. An upside pullback could take the market until the next immediate resistance [..]

US Open Note – Dollar knocks down riskier currencies; House stimulus vote looming

Posted on February 26, 2021 at 2:15 pm GMT

Central banks react after yield rally It was a turbulent week for markets as the rapid rise in global bond yields triggered profit taking on stocks and harmed traditional safe-haven currencies, with the S&P 500 and Nasdaq set to close the week with considerable losses, though hold within the neutral-positive territory in monthly terms. Although investors got assurances from the Fed and other central banks that any tightening in monetary policy was long in the future, the yield rally over [..]

Daily Market Comment – Bond market meltdown devastates stocks, resurrects dollar

Posted on February 26, 2021 at 9:26 am GMT

Carnage in bonds sends US yields flying, equities in a world of pain Dollar comes back from the dead, commodity FX and pound lose altitude Just a disastrous bond auction or a harbinger of bigger moves? Near-disaster in bonds infects everything else What started out as a relatively calm session evolved into a near-apocalypse in the bond market on Thursday, sending shockwaves across every other asset class. Investors are dumping government bonds at a stunning pace, pushing the yields on [..]

Technical Analysis – Gold loses momentum near 1,800

Posted on February 24, 2021 at 7:06 am GMT

Gold has lost its positive momentum after the pullback off the 1,815 resistance in the very-short term, but is still remaining above the 20- and 40-period simple moving averages (SMAs). The market could retain the negative trading as the RSI is pointing downwards in the positive region, while the stochastic is heading down as well. Should the pair stretch south, the 40- and then the 20-period SMA could provide immediate supports at 1,796 and 1,793 respectively. A step lower could bring [..]

US Open Note – Dollar up, stocks sharply lower ahead of Powell’s testimony

Posted on February 23, 2021 at 2:10 pm GMT

Waiting for Powell to respond to inflation expectations Rising inflation expectations and the rally in bond yields will be examined during Powell’s semi-annual testimony before the Senate at 15:00 GMT as markets will be eagerly waiting for the Fed chief to update his views regarding price growth, economic expansion and the outlook for monetary policy. Although Powell may prefer to play it safe, reiterating that downside economic risks continue to linger in the background and that it is too early [..]

US Open Note – Wall Street could open with tears as bond yields weigh

Posted on February 22, 2021 at 2:16 pm GMT

Euro holds resilient above 1.2100; European stocks set for a negative close World shares kicked the week off on a negative note as the endless rally in bond yields made equity valuations look more stretched than they already are. Discussions about reopening plans in Europe created optimism that the vaccine rollout, although delayed, could put the region on a positive path, with investors turning somewhat sensitive to data releases for any early sign. Hence, the upside surprise in the German [..]

Daily Market Comment – Stocks under fire, dollar breathes as bond yields soar

Posted on February 22, 2021 at 9:41 am GMT

Relentless grind higher in bond yields bites stocks, stabilizes dollar Dollar becoming the US currency again, instead of a safe haven? Yen crumbles despite risk-off mood, sterling shines, gold adapts Bond market ruins the party in equities The non-stop rally in global bond yields has started to infect other asset classes, bringing the party in stock markets to a halt and breathing some life back into the devastated US dollar. There hasn’t been any major news, so this repricing appears to be [..]

Technical Analysis – Gold’s death cross flags trend deterioration as bulls push higher

Posted on February 22, 2021 at 8:18 am GMT

Gold is looking to claim the 1,790 resistance which kept the market on the downside over the past couple of days. The RSI is endorsing the current positive momentum in the price as the indicator is trying to recover after refusing to create fresh lows in the bearish territory. The upside reversal in the Stochastics is also adding to this optimism. However, in terms of the trend, technical signals have further deteriorated following the death cross between the 50- and [..]

Daily Market Comment – Higher yields start to bite but dollar mired in recovery doubts

Posted on February 19, 2021 at 9:59 am GMT

Long-term Treasury yields climb again, dampening the mood in equity markets Stocks and gold slide, but dollar stumbles over poor jobless claims figures Pound hits $1.40, unbruised by big retail sales miss; aussie soars Surge in global bond yields spooks markets Global bond yields are creeping higher again after a brief reprieve mid-week. The record issuance of government bonds and expectations of even greater borrowing to fight the pandemic have sparked a bond selloff as the reflation trade gets into [..]

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