All Articles Tagged - gold

How will the US elections impact the markets? – Special Report

Posted on September 17, 2024 at 1:04 pm GMT

Harris takes the lead in most polls as Trump’s campaign stalls But what does a Harris win mean for stocks and the US dollar? Can Trump turn things around and what would investors prefer? Late entry The US presidential election is drawing ever closer and there can be no doubt that the race heated up after President Joe Biden abruptly dropped out. His vice president, Kamala Harris, was the obvious choice to replace him despite doubts about her electability. Yet, [..]

Volatility eases a bit ahead of the key Fed meeting – Volatility Watch

Posted on September 17, 2024 at 10:51 am GMT

Euro/dollar volatility remains low as dollar weakness lingers Volatility in commodities stays elevated led by silver Stock indices and bitcoin experience lower volatility Euro/dollar volatility remains low as the market is preparing for the key Fed meeting on Wednesday that could deliver a previously unexpected 50bps rate cut. Amidst these conditions, yen pairs are experiencing the highest volatility of the past month as the yen continues to outperform its main counterparties on the back of divergent monetary policy. Volatility in gold has increased somewhat, partly [..]

Daily Comment – Stocks extend gains as a 50bps Fed cut becomes more likely

Posted on September 17, 2024 at 8:13 am GMT

Stocks in the green as a 50bps Fed rate cut is expected US retail sales today could prolong dollar’s weakness Loonie could suffer from another weak CPI report Gold remains bid as US yields continue to drop 50bps Fed rate cut is now the main scenario Markets continue to dance to the tune of Wednesday’s Fed meeting. Chances of a 50bps rate cut got a strong boost yesterday with the market currently pricing in a 67% probability that history will [..]

Daily Comment – Slow start to the week ahead of the Fed meeting

Posted on September 16, 2024 at 8:15 am GMT

Mixed movements in FX but the yen remains on the front foot Stocks recorded their best weekly performance of 2024 Another assassination attempt against Trump Bitcoin suffers while gold reaches a new all-time high Stocks are in anticipation mode A very important week has commenced with the US equity markets digesting last week’s impressive performance. Both the S&P 500 and Nasdaq 100 indices recorded their best weekly performance since November 2023. One of the main reasons for this improved performance [..]

Technical Analysis – Gold flies to fresh all-time high near 2,600

Posted on September 16, 2024 at 6:27 am GMT

Gold posts bullish days Prices find support at 20-day SMA MACD and RSI in positive areas Gold prices are skyrocketing to another fresh all-time high today around 2,589.40 with the next major obstacle coming from the 2,600 round number. The price has recorded an aggressive buying interest over the last couple of days after the strong bounce off the 20-day simple moving average (SMA) at 2,510. Technically, the MACD oscillator is extending its upside move above its trigger and zero [..]

Daily Comment – Dollar sinks, gold surges as 50bps Fed cut back in the picture

Posted on September 13, 2024 at 8:58 am GMT

Soft US PPI and reports of Fed dilemma revive bets of 50bps cut Dollar plunges as yields fall, pushing gold to new all-time high Euro climbs as ECB trims rates but does not signal October cut Fed rate cut expectations swing wildly Expectations of a 50-basis-point rate cut by the Fed in September had all been priced out by investors. But softer-than-expected US producer prices and reports that Fed officials are debating the size of next week’s anticipated rate reduction [..]

Quick Brief – Gold hits new record as rate cut fever takes hold

Posted on September 12, 2024 at 3:10 pm GMT

Gold surges after ECB rate cut and soft US PPI Sets new record as Fed poised to join rate-cut club Gold has finally smashed its previous all-time high of $2,531.61/oz to surpass the $2,550 mark. The precious metal had been poking and prodding at the $2,530 region since late August only to be held back by not-so-terrible US data. Nothing’s changed when it comes to the US economy to propel gold higher by more than 1.50% today. But after the [..]

Midweek Technical Look – EURJPY, USDCHF, Gold

Posted on September 12, 2024 at 11:37 am GMT

EURJPY sends encouraging signals; confirmation awaited above 156.74 USDCHF builds a floor near 8-month low; bulls seek more power above 0.8540 Gold in a wait-and-see mode within the 2,500 area as risks remain [..]

Daily Comment – Equities are directionless ahead of US inflation report

Posted on September 11, 2024 at 8:23 am GMT

Mixed movements in equities as markets prepare for CPI Strong possibility for a downside surprise in inflation US presidential debate dominates headlines Bitcoin suffers while gold and yen rally Stocks are in anticipation mode US equity indices were mixed yesterday with the Nasdaq 100 index recording another green day and the Dow Jones mimicking the European stock indices’ negative performance. Market participants are most likely preparing for a period that includes key market events, like next week’s Fed meeting, starting today with [..]

Technical Analysis – Gold shifts attention to uncharted territory

Posted on September 11, 2024 at 7:49 am GMT

Gold looks for a bullish breakout above rectangle Bullish sentiment dominates; stability cannot be ruled out US CPI inflation figures due for release at 12:30 GMT Gold rapidly approached the upper band of its three-week-old tight range at 2,530, increasing the possibility of entering unexplored territory. The ball is still on the bulls’ court according to the technical indicators in the four-hour chart. The RSI is making a new higher high above its 50 neutral mark and the MACD is progressing [..]

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