All Articles Tagged - gold

Forex Market Review (European Session) – Dollar lacks momentum on falling yields, doubts over Trump

Posted on April 19, 2017 at 2:47 pm GMT

Besides final Eurozone inflation data for the month of March and some data on US crude oil inventories, investors didn’t have much to digest in terms of economic data during today’s European session trading. Political developments were once again on the spotlight. The dollar index gained some ground today after three straight days of falls, but even at its highest it failed to break above the 100 level. The greenback lost part of its allure as the yields on US [..]

FX Daily Outlook | 19-04-17

Posted on April 19, 2017 at 8:07 am GMT

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Forex Market Review (Asian Session) – Sterling holds gains at six-month highs; aussie underperforms

Posted on April 19, 2017 at 7:39 am GMT

Sterling held on to gains made after surging to its highest level in more than six months on Tuesday in reaction to an announcement by UK Prime Minister Theresa May who surprised markets by calling a snap general election in June. Markets see a sure win for Theresa May and the Conservative party and expect that this would strengthen her position during the Brexit negotiations as well as stabilize domestic politics. The pound rallied to a high of $1.2904 by [..]

Technical Analysis – Gold bullish bias; price close to multi-month high recorded two days ago

Posted on April 19, 2017 at 7:02 am GMT

Gold has edged lower from the day’s open, falling to a point where it more or less offsets yesterday’s rise in price. The precious metal posted a more than five-month high two days ago (Monday). The alignment that has been in place since March 27 when the Tenkan-sen line (red) crossed above the Kijun-sen (blue) hints to a bullish short-term sentiment. Additionally, notice that the Tenkan-sen is positively sloped, perhaps indicating that there’s still momentum for upside movements in price. [..]

FX Daily Outlook | 18-04-17

Posted on April 18, 2017 at 8:59 am GMT

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Forex Market Review (Asian Session) – Dollar rebounds off five-month lows against yen; focus on US – Japan dialogue

Posted on April 18, 2017 at 7:40 am GMT

The US dollar rebounded on Tuesday, with the help of some comments from US Treasury Secretary Steven Mnuchin, which restored some demand for the greenback. US Treasury yields moved higher, which was supportive for the dollar and lifted it off five-month lows against the yen. The dollar index, which gauges the US currency against a basket of six major counterparts, was flat around 100.18. Mnuchin said that a strong US dollar would be positive over the long term, although he did [..]

Forex Market Review (European Session) – Dollar moderates Trump-driven losses after upbeat US jobless claims data

Posted on April 13, 2017 at 3:11 pm GMT

The dollar index against major currencies regained the key 100 level and the greenback’s losses against the yen that occurred after US President Donald Trump’s comments yesterday, have moderated. Late on Wednesday the President said the dollar is getting too strong and makes American goods more expensive overseas. Geopolitics was still also on the minds of investors today but their nervousness has somewhat abated. Some US data releases today briefly shifted investors’ focus away from concerns about North Korea, Syria, [..]

FX Daily Outlook | 13-04-17

Posted on April 13, 2017 at 8:13 am GMT

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Forex Market Review (Asian Session) – Dollar extends losses on Trump comments; aussie jumps after solid Australian jobs report

Posted on April 13, 2017 at 7:30 am GMT

The dollar weakened further today after US President Donald Trump said in an interview with the Wall Street Journal that the greenback is “getting too strong”. The Australian dollar was a strong performer on the back of a solid jobs report. Trump expressed his concern that US businesses, especially manufacturers, won’t be able to compete with other countries since American goods would be more expensive when the dollar’s value is too high. Meanwhile, the US President also remarked that he [..]

Forex Market Review (European Session) – Loonie jumps after Bank of Canada raises growth forecast; sterling up after UK jobs report

Posted on April 12, 2017 at 2:41 pm GMT

Geopolitical concerns continued to dominate the markets but demand for safe haven assets somewhat eased slightly during the European session, with the yen and gold trimming some gains. Risk aversion helped support the yen, gold and US Treasuries, as investors demanded safety due to uncertainty over possible US military action against Syria and North Korea. Market participants await more details about the meeting between US Secretary of State Rex Tillerson and Russian Foreign Minister Sergei Lavrov. Gold prices were flat but [..]

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