All Articles Tagged - gold

US Open Preview – Canadian inflation awaited; trade talks loom in background

Posted on May 18, 2018 at 11:08 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index edged higher on Friday (-0.05%), approaching once again the 5-month high of 93.63. The greenback remains one of the best-performing currencies this week, drawing support from the surge in 10-year US Treasury yields. Dollar/yen jumped to a new 4-month high near the 111.00 handle, adding 0.17% to its performance today. Euro/dollar inched down to 1.1777 (-0.11%) and approaches the 2018 low of 1.1762. The pair is set to post the fifth [..]

US Open Preview – US Treasury yields lead dollar versus yen to 4-month highs

Posted on May 17, 2018 at 11:20 am GMT

Here are the latest developments in global markets: FOREX: The US dollar is set to extend its gains for the fourth day in a row against the Japanese yen (+0.25%). The pair posted a fresh 4-month high of 110.73 during the early European session as the long-term US Treasury yields continued to rally, touching 3.12%, the highest level reached since 2011. The US dollar index tried to create further gains, moving higher by 0.03%. Euro/dollar fell by 0.14% so far on the day and [..]

European Open Preview – Pound bounces on Brexit news; Italian politics also on the watchlist

Posted on May 17, 2018 at 7:47 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is lower on Thursday, albeit by less than 0.1%, still hovering near the five-month highs reached earlier in the week. The US currency barely rose yesterday even though the yields on longer-term US Treasuries continued to climb, reaching fresh multi-year highs. Elsewhere, sterling jumped today after a media report on Brexit suggested the UK is willing to make concessions to avoid a hard border in Ireland. STOCKS: Wall [..]

US Open Preview – Dollar index peaks at fresh 5-month highs on rising Treasury yields

Posted on May 16, 2018 at 11:30 am GMT

Here are the latest developments in global markets: FOREX: The US dollar pared some of Tuesday’s gains that were posted after a rally in US treasury yields; 10-year Treasury yields hit as high as 3.095, the highest since 2011. Dollar/yen retreated by 0.18% after it marked a new 3-month high of 110.44 on yesterday’s US session. The US dollar index was moving higher on Wednesday by 0.25%, peaking at a fresh five-month high of 93.45. Eurozone’s inflation rate remained unchanged at [..]

European Open Preview – Dollar rally gets a second wind, buoyed by rising Treasury yields

Posted on May 16, 2018 at 7:49 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is higher on Wednesday but by less than 0.1%, extending the notable gains it posted yesterday, when it advanced against all major currencies. Solid US retail sales data pushed the yields of longer-term US bonds to fresh multi-year highs, breathing a second wind into the dollar’s latest rally. STOCKS: Major US indices tumbled yesterday, as the renewed rise in US yields sapped demand for stocks. Rising borrowing costs could [..]

US Open Preview – Euro, pound turn lower as dollar enjoys gains; eyes on US retail sales

Posted on May 15, 2018 at 11:30 am GMT

Here are the latest developments in global markets: FOREX: Stronger US long-term Treasury yields continued to underpin the dollar during the early European afternoon, sending dollar/yen slightly above the 110 key-level before a slip to 109.90 (+0.23%). The US dollar index pulled back from an almost two-week peak of 92.80 touched on Monday but was set to complete a second green day in a row, last trading at 92.75 (+0.18%). The greenback will be looking for direction from US retail sales [..]

European Open Preview – Dollar rebounds ahead of key events; UK employment data eyed

Posted on May 15, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is nearly 0.2% higher on Tuesday, building on the gains it recorded yesterday on the back of a surge in longer-term US bond yields. The Japanese yen, which is seen as a safe haven asset, is on the back foot as trade risks have moved out of the spotlight and focus has turned to potential solutions through negotiations. STOCKS: Wall Street closed higher on Monday, though the gains were [..]

US Open Preview – Euro heads higher as political noise eases

Posted on May 14, 2018 at 11:31 am GMT

Here are the latest developments in global markets: FOREX: The euro headed for a third consecutive day of gains on Monday although the dollar posted some gains as well against the yen, with investors keeping a close eye on political developments in Italy, where a coalition government may be formed earlier than expected. Euro/dollar rose to to 1.1982 (+0.33%), while dollar/yen touched 109.57 (+0.16%). The US dollar index fell to 92.29 (-0.26%), set to complete a third red day in a row. Pound/dollar rose by 0.34% ahead of Tuesday’s employment figures out of the [..]

Technical Analysis – Gold still consolidating; unable to post significant gains

Posted on May 14, 2018 at 9:07 am GMT

Gold has been consolidating in a narrow range over the last couple of trading days with upper boundary the 1325.75 resistance level and lower boundary the 1317 support barrier. The price is moving above the 20- and 40-simple moving averages (SMAs) in the 4-hour chart with weak momentum. In the short-term, prices rebounded on the 20-SMA, but based on technical indicators, momentum is too weak to provide a sustained move higher. The RSI is holding slightly above the 50 level and the MACD created a [..]

European Open Preview – Trump extends “olive branch” to China; Italian politics monitored

Posted on May 14, 2018 at 7:52 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is lower by 0.15% on Monday, extending the losses it posted on Friday. The disappointment in the US core CPI last week appears to have taken the wind out of the greenback’s sails, with yields on 10-year US Treasuries unable to sustain a foothold above the widely-touted 3.0% level. STOCKS: US markets closed mostly higher on Friday. The Dow Jones and the S&P 500 rose by 0.37% and 0.17% respectively [..]

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