All Articles Tagged - gold

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 3:05 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 12:05 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 [..]

European Open Preview – Stocks plunge, yen rallies as trade war saga gets new chapter

Posted on March 23, 2018 at 8:55 am GMT

Here are the latest developments in global markets: FOREX: The yen was building on yesterday’s gains versus other major currencies on Friday, as rising fears of a global trade war acted as a catalyst for the currency to attract safe-haven flows. Versus the dollar, the Japanese currency recorded a 16-month high of 104.62. STOCKS: Equity indices were a sea of red in every region, as the new US tariffs aimed at China reignited concerns that the situation could escalate into [..]

US Open Preview – Dollar holds weak ahead of Trump’s Chinese tariffs; BoE decides on interest rates

Posted on March 22, 2018 at 11:52 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index was falling by 0.03% against a basket of major currencies during early European afternoon and dollar/yen remained under pressure, losing 0.39%. The fall in the dollar came in after the Fed raised interest rates, as was widely anticipated, but stayed on course for three rate hikes this year, disappointing those who hoped for the famous dot plot to signal four rises for 2018. The euro managed to hit a one-week high of 1.2387 early on [..]

European Open Preview – Dollar extends declines as FOMC sticks to 3 hikes; BoE and US tariffs decision in focus

Posted on March 22, 2018 at 8:49 am GMT

Here are the latest developments in global markets: FOREX: The dollar extended its declines from yesterday on Thursday, touching its lowest in nearly two weeks versus a basket of currencies. FOMC policymakers’ decision to continue signaling three hikes in total for 2018 was seen as the catalyst behind the US currency’s decline. STOCKS: US markets closed a little lower yesterday in the aftermath of the Fed decision, as the upward revision in the rate projections for 2019 and 2020 raised [..]

US Open Preview – Dollar on the backfoot ahead of Fed rate decision

Posted on March 21, 2018 at 12:44 pm GMT

Here are the latest developments in global markets: FOREX: Dollar/yen was falling by 0.18% and the dollar index was also under pressure, losing 0.25% at the time of writing as investors were preparing their positions ahead of the Fed interest rate announcement later in the day. While the dollar was struggling to gain ground, the euro managed to recover some losses, with euro/dollar moving higher towards 1.2278 (+0.23%). Pound/dollar touched an intraday high of 1.4074 before it slipped to 1.4043 (+0.34%) after [..]

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