All Articles Tagged - gold

European Open Preview – Stocks look to US budget deficit and inflation data for clues

Posted on February 12, 2018 at 8:54 am GMT

Here are the latest developments in global markets: FOREX: The dollar index traded 0.3% lower on Monday, despite the recent surge in 10-year US Treasury yields, which are now hovering near 2.88%. STOCKS: US equity indices experienced a tentative rebound on Friday. The S&P 500 led the way, rising by 1.5%, while the Dow Jones and the Nasdaq Composite rose by 1.4%. Moreover, futures tracking the S&P, Dow, and Nasdaq 100 are all in positive territory at the moment, suggesting that these [..]

Special Report – Why has gold remained indifferent to stock market volatility?

Posted on February 9, 2018 at 3:23 pm GMT

The classic narrative that safe havens rally when stocks plunge is on shaky legs right now. While major US equity indices have dropped roughly 10% in a matter of days, gold has actually moved lower over the same period, leaving most investors puzzled. Why has gold’s response been so muted, and what do the cards hold for the precious metal moving forward? A variety of factors can be blamed for gold’s indifference to the market turbulence. First and foremost is [..]

US Open Preview– Dollar edges up as US government re-opens; European stocks tumble again

Posted on February 9, 2018 at 12:43 pm GMT

Here are the latest developments in global markets: FOREX: The dollar was gaining versus its major counterparts during early European trading hours, posting moderate gains after the US Congress reached a bipartisan deal on a two-year spending bill. The plan promises to increase the debt ceiling and funding on military and domestic programs, though, the markets are concerned that the bill will widen nation’s deficit. The dollar index edged up to 90.33 (+0.12%), while dollar/yen and dollar/swissie changed hands higher at [..]

European Open Preview – Equities topple while US government shuts down; UK industrial output & Canadian jobs report due

Posted on February 9, 2018 at 8:51 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was practically unchanged on Friday, remaining unfazed by the shutdown of the US government. Meanwhile, sterling gave back all of the gains it posted after the Bank of England appeared more hawkish yesterday. STOCKS: The turmoil in global equity markets got a second wind on Thursday, with US stock indices collapsing once more. The Dow Jones led the way lower, shedding 4.1% of its value, while the Nasdaq Composite [..]

European Open Preview – Kiwi records losses as RBNZ appears cautious; all eyes on the Bank of England

Posted on February 8, 2018 at 8:58 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was marginally lower on Thursday, after previously posting notable gains on Wednesday, as yields on longer-dated US Treasuries moved higher. Meanwhile, sterling was a little higher ahead of the Bank of England’s “Super Thursday” policy meeting. The kiwi dollar slipped, as the RBNZ disappointed those looking for an upbeat assessment. STOCKS: US equity indices experienced another volatile session on Wednesday, and finished lower overall. The Nasdaq Composite fell by 0.9%, the [..]

US Open Preview – Euro, pound down as European stocks recover; kiwi slips ahead of RBNZ rate decision

Posted on February 7, 2018 at 12:15 pm GMT

Here are the latest developments in global markets: FOREX: The yen extended its uptrend against the dollar, sending dollar/yen lower to 109.10 as investors maintained their risk-averse behavior after the recent sell-off in stock markets. The dollar index, though, was building positive momentum on the back of a weaker euro and pound, climbing to 89.87 (+0.33%). Euro/dollar slipped to 1.2342 (-0.30%) and pound/dollar weakened to 1.3872 (-0.44%) after the ECB board member, Sabine Lautenschlaeger questioned whether the transitional period after Brexit will “really [..]

European Open Preview – Dollar little changed; US equities rebound but is the turmoil over?

Posted on February 7, 2018 at 8:53 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was marginally lower on Wednesday, experiencing little movement in the session, as investors’ attention remained fixed on movements in stock markets. STOCKS: US equity indices rebounded yesterday, temporarily alleviating some concerns that the sell-off seen earlier in the week would develop into something much bigger. The Dow Jones led the way, gaining an extraordinary 2.3%, while the Nasdaq Composite followed in its tracks, up by 2.1%. The S&P 500 [..]

US Open Preview– Dollar flat as equity meltdown spreads to European stocks

Posted on February 6, 2018 at 12:44 pm GMT

Here are the latest developments in global markets: FOREX: The strong correction in stock markets which emerged amid hopes that the Fed will raise interest rates faster than expected did not provide much support to the dollar, with dollar/yen rising slightly up to 109.22 (+0.11%) as demand for the safe-haven yen also increased. The dollar index also edged up to 89.78 (+0.20%). Euro/dollar gave up earlier gains, retreating to 1.2356 (-0.06%), while pound/dollar fell to 1.3900 (-0.40%) after an attempt to [..]

European Open Preview – Stock bloodbath continues in full swing; RBA maintains neutral tone

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

Here are the latest developments in global markets: FOREX: The dollar index was practically unchanged on Tuesday, after posting some gains yesterday. The currency’s broader decline appears to have been halted, at least for now, as investors appear to be focused more on the collapse seen in stock markets. STOCKS: US markets suffered one of their worst days on record yesterday. The Dow Jones led the collapse, falling by an astounding 4.6%. The S&P 500 was down 4.1%, its largest one-day [..]

Technical Analysis – Gold surpasses 23.6% Fibonacci mark, extending gains

Posted on February 5, 2018 at 2:23 pm GMT

Gold is trading higher in the last few hours, following the strong rebound on the 1327 support level and successfully surpassed the 23.6% Fibonacci retracement level at 1335 of the last big upward movement with the low of 1236 and the high of 1366. In the 4-hour chart, the technical indicators seem to be turning positive. The short-term technical indicators seem to be turning positive and point to more strength in the market. The RSI indicator is pointing sharply to the upside, below the [..]

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