All Articles Tagged - gold

European Open Preview – Dollar steady ahead of UK and US data; kiwi continues rising

Posted on December 12, 2017 at 8:42 am GMT

Here are the latest developments in global markets: FOREX: The dollar was little changed against a basket of currencies ahead of a two-day meeting by the Federal Reserve that is to commence later in the day. The New Zealand dollar maintained positive momentum from yesterday, rising to its highest in a month relative to the greenback. STOCKS: The Nikkei 225 finished 0.3% lower, but still remained close to its highest since early 1992; the Hang Seng was last 0.6% down [..]

US Open Preview– Dollar weaker ahead of JOLT’s job openings; stocks hold strong

Posted on December 11, 2017 at 12:08 pm GMT

Here are the latest developments in global markets: FOREX: The pound was steady around $1.3385 despite May saying there is a new “sense of optimism” in the Brexit talks on Monday after she satisfied the European Commission’s demand last week on the three key divorce elements. However, the outline agreed must be voted by all European members at Thursday’s summit for negotiations to move officially to trade discussions. The dollar was weaker against a basket of major currencies as investors [..]

Technical Analysis – Gold bearish in short-term; remains vulnerable but immediate downside pressure eases for now

Posted on December 11, 2017 at 9:17 am GMT

Gold has turned increasingly bearish and has shifted out of a range in which it has been trading in since early October. Prices broke below the 1270-1300 range to trade under 1250 since last Thursday. On the 4-hour time frame, there was a bearish crossover of the 50 and 200-period moving averages. RSI has dipped into bearish territory and is slowly moving out of oversold levels. Gold prices are entering a consolidation phase due to the oversold conditions. Immediate resistance [..]

European Open Preview – Dollar little changed; kiwi surges; Nikkei touches 26-year high

Posted on December 11, 2017 at 8:39 am GMT

Here are the latest developments in global markets: FOREX: The dollar was trading down relative to a basket of currencies but still not far below a three-week high of 94.09 reached on Friday. The antipodean currencies – predominantly the kiwi – were advancing relative to the greenback. The New Zealand dollar’s gains came on the back of expectations of a more hawkish approach to monetary policy following the appointment of a new governor who’s seen as less of a dove [..]

US Open Preview–Dollar strengthens ahead of NFP report; stocks up

Posted on December 8, 2017 at 12:46 pm GMT

Here are the latest developments in global markets: FOREX: The dollar gained further momentum, crawling towards a fresh three-week high of 113.58 (+0.36%) versus the yen during early European trading hours as investors remained confident after a potential government shutdown in the US was averted on Thursday. The dollar index broke above the 94 key level (+0.25%). The pound stalled around 1.3463 (-0.19%) after reaching a four-day high of 1.3512 against the greenback, while it consolidated near six-month highs versus the euro (+0.10%). Although the EU announced that “sufficient progress” has been made on Brexit [..]

European Open Preview – Eyes on US jobs report and Brexit developments; Asian equities rally

Posted on December 8, 2017 at 8:46 am GMT

Here are the latest developments in global markets: FOREX: The dollar rallied overnight against its counterparts on news that US lawmakers agreed to temporarily extend the government spending bill, a day before the deadline on Friday. The pound was on track to post a second day of gains as concerns over a hard-Brexit calmed after the UK and the EU appeared to be reaching a preliminary deal on key elements of the divorce. On the other hand, the euro was heading [..]

US Open Preview – Dollar gains on tax reforms momentum; stocks climb on tech recovery

Posted on December 7, 2017 at 12:13 pm GMT

Here are the latest developments in global markets: Forex: The dollar index moved higher to a fresh two-week high of 93.73 (+0.13%) as a layer of uncertainty was removed after the US Senate Republicans and the House of Representatives agreed yesterday to continue talks on tax reforms. However, risks remain on the side of the government budget which expires on Friday midnight. Dollar/yen was last seen at 112.70 (+0.37%), dollar/swissie was trading at a two-week high of 0.9922, while dollar/loonie [..]

European Open Preview – Dollar at 2-week highs; Nikkei rebounds

Posted on December 7, 2017 at 8:49 am GMT

Here are the latest developments in global markets: FOREX: The dollar hit a two-week high against a basket of currencies as optimism on US tax reform continued to support the currency, though concerns over a possible government shutdown restricted steeper upside movement. The euro and the pound were on track to post the third day of consecutive losses versus the greenback, while the loonie tumbled to a one-week low after the BOC expressed caution for further rate hikes. The aussie [..]

US Open Preview – Brexit bears lead pound; stocks continue declining; BOC rate decision pending

Posted on December 6, 2017 at 12:27 pm GMT

Here are the latest developments in global markets: Forex: Sterling stretched toward a fresh one-week low of 1.3360 (-0.61%) as fears over a potential impasse in Brexit talks, which could postpone negotiations until February and therefore scale back business investments, lingered in the background. The dollar steadied versus the yen near one-week lows as concerns over a government shutdown offset positive sentiment related to the delivery of tax reforms. The euro was trading flat against the greenback at 1.1824, while versus sterling it managed to [..]

European Open Preview – Aussie sinks on GDP miss; BoC decides on rates

Posted on December 6, 2017 at 8:45 am GMT

Here are the latest developments in global markets: FOREX: The dollar weakened against its major counterparts on Wednesday as unless a deal is reached the government will run out of funds on Friday. This is spreading fears of a partial government shutdown. The pound was under pressure amid weakening hopes for progress on Brexit talks and on reports of a failed plan to kill the UK Prime Minister. The aussie tumbled in the wake of disappointing GDP growth figures and the kiwi surged [..]

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