All Articles Tagged - gold

European Open Preview – Yen falls as possible US-North Korea talks spur risk appetite; US jobs report firmly in focus

Posted on March 9, 2018 at 8:48 am GMT

Here are the latest developments in global markets: FOREX: The yen was recording significant losses versus other major currencies on the back of elevated risk sentiment spurred by a possible meeting between US President Donald Trump and North Korea’s Kim Jong Un. STOCKS: US markets closed higher on Thursday, as the imposition of “watered down” US tariffs amplified expectations that the tensions will not escalate into a trade war, but may instead remain relatively contained. The S&P 500 led the [..]

US Open Preview – Dollar waits for tariff ceremony; European stocks inch up ahead of ECB rate decision

Posted on March 8, 2018 at 12:45 pm GMT

Here are the latest developments in global markets: FOREX: The dollar index found the opportunity to crawl up to 89.81 (+0.19%) and dollar/yen climbed to 106.13 (+0.08%) in early European afternoon as investors were waiting for more details on Trump’s import tariffs and were particularly eager to hear if any countries would get exemptions. Euro/dollar traded lower at 1.2370 (-0.34%) ahead of the ECB rate announcement where any clues on the ECB’s plans to change its forward guidance on monetary policy could [..]

European Open Preview – Dollar recovers from 2-week low as trade concerns ease; ECB decision looms

Posted on March 8, 2018 at 8:52 am GMT

Here are the latest developments in global markets: FOREX: The dollar was roughly flat versus a basket of currencies after recovering somewhat from a two-week low hit on Wednesday. The recovery came on the back of abating worries over a trade war occurring, as well as optimism on the strength of the US labor market. STOCKS: US markets traded in a turbulent manner yesterday. They opened lower on trade concerns following Gary Cohn’s resignation, but managed to recover most of [..]

US Open Preview – EU warns of retaliation to US tariffs, BoC rate decision pending

Posted on March 7, 2018 at 12:41 pm GMT

Here are the latest developments in global markets: FOREX: The resignation of Trump’s economic adviser and free-trade advocate, Gary Cohn, late yesterday, spurred speculations that the President’s plans to impose hefty import tariffs on aluminum and steel were more likely than analysts previously thought. The dollar index touched a fresh two-week low at 89.40 (-0.14%) and dollar/yen continued to trade near 16-month lows reached yesterday, last seen at 105.46 (-0.46%). Pound/dollar extended losses to reach 1.3858 (-0.17%) after the EU’s Brexit guidelines stated that a future trade deal [..]

European Open Preview – Dollar falls as trade war fears rise; Bank of Canada decision eyed

Posted on March 7, 2018 at 8:52 am GMT

Here are the latest developments in global markets: FOREX: The dollar was recording losses versus a basket of currencies, falling to its lowest in two weeks, as fears over as potential trade war were rekindled following the resignation of US President Trump’s top economic advisor, a free trade proponent. STOCKS: US markets managed to close higher yesterday, with the Nasdaq Composite gaining 0.6%, the S&P 500 climbing 0.3%, and the Dow Jones rising, though only marginally so. However, a few [..]

BoJ meets with yen trading at elevated levels; Japan’s revised GDP numbers also due – Forex News Preview

Posted on March 6, 2018 at 3:01 pm GMT

The Bank of Japan will be concluding its meeting on monetary policy on Friday, with a decision on rates being made public at 0400 GMT. Markets project the Bank to maintain its ultra-easy monetary policies firmly in place. However, despite no change being expected, the meeting is gathering more attention than past ones on the back of mounting speculation that the Japanese central bank is preparing the ground for an exit from ultra-loose policies, something which has allowed the yen [..]

US Open Preview – Dollar climbs as North Korea considers denuclearization; European stocks rise further

Posted on March 6, 2018 at 1:03 pm GMT

Here are the latest developments in global markets: FOREX: Dollar/yen rallied significantly towards 106.34 (+0.13%) during early European afternoon, reversing earlier losses on news that North Korea was willing to begin negotiations with the US and abandon its nuclear program if regime’s safety is guaranteed according to South Korean officials. Sources also stated that the South and North Korean leaders will meet for a summit at the end of April along the border. The dollar index, though, dived to 89.72 (-0.45%) [..]

European Open Preview – Dollar little changed as equities rebound; trade considerations still in focus

Posted on March 6, 2018 at 8:50 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was slightly down on Tuesday after gaining less than 0.2% on Monday, in an environment where concerns for a trade war following the Trump administration’s decision to impose tariffs on imported steel and aluminum were easing. STOCKS: US markets closed markedly higher yesterday, recovering some of their latest losses, as concerns over a potential trade war receded somewhat. The gains came after US House Speaker Paul Ryan urged [..]

US Open Preview – Euro continues to struggle amid Italian political risks; European stocks rise

Posted on March 5, 2018 at 12:54 pm GMT

Here are the latest developments in global markets FOREX: The euro remained under pressure during early European afternoon as Sunday’s elections in Italy which ended to a hung parliament, undermined Eurozone’s prospects, with Eurosceptic parties gaining some ground. However, investors’ confidence on the bloc’s economic performance and an expected grand coalition deal between Merkel’s Conservatives and their previous partners, the SPD, provided some support to the currency, with euro/dollar rising back to 1.2332 before it inched lower to 1.2295 (-0.16%). Euro/yen and euro/pound were [..]

Technical Analysis – Gold remains under pressure; maintains short-term bearish bias

Posted on March 5, 2018 at 10:22 am GMT

Gold remains under pressure as it is training near its opening level over the last few hours. The price struggled below the upper Bollinger band at 1327 after the sharp gain on Friday. The short-term technical indicators are bearish to neutral and point to a weakness in the market. Looking at the 4-hour chart, the Relative Strength Index (RSI) is flattening in the positive territory, while the stochastic oscillator is creating a bearish cross within its moving averages in the overbought zone, signaling [..]

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.

gold

XM Live Chat