All Articles Tagged - gold

Asian Session – Dollar subdued ahead of Fed; oil jumps on inventory decline

Posted on March 15, 2017 at 8:18 am GMT

The US dollar traded in a narrow rage against the yen as investors await the outcome of the Federal Reserve’s two-day policy meeting later today. It is widely expected that the FOMC will announce a rate hike. The euro tumbled against the pound as markets look to the Dutch elections taking place today. Data out of Japan during the Asian session was shrugged off by the markets as today’s risk events are the main focus. Japan’s industrial output fell 0.4% [..]

European Session – Stronger dollar ahead of Fed meeting; Political uncertainty dominating Europe

Posted on March 14, 2017 at 3:56 pm GMT

There were some economic data releases during today’s European session trading but nothing significant to ponder on as most investor attention remains on the Federal Reserve’s two-day meeting which commences later today. The dollar index, which measures the US currency’s strength relative to major counterparts, was last at 101.59, up three-tenths of a percent for the day. A Fed hike is widely expected by market participants and focus now shifts on the kind of message the central bank will deliver. [..]

Forex News – Dutch elections first key test for European politics and the euro

Posted on March 13, 2017 at 4:11 pm GMT

The upcoming parliamentary election in the Netherlands is at the forefront of investors’ minds this week as the event will be the first key test for European politics following last year’s shock outcomes of the Brexit referendum and the US election. The Dutch will go to the polls on March 15 to elect a new House of Representatives. The vote could set the trend for the other two key elections in Europe this year – the French presidential election in [..]

European Session – Euro retreats from 1-month high; pound rallies

Posted on March 13, 2017 at 3:53 pm GMT

The US dollar was mixed during the European session, while the yen was supported by cautiousness among investors ahead of the FOMC statement. The euro slipped from a one-month high hit earlier against the dollar, while the pound was mostly higher on expectations that a bill regarding Brexit will be passed today by the UK House of Commons. The upcoming FOMC meeting remained the focal point for the markets today in the absence of key economic data releases. The only [..]

FX Daily Outlook | 13-03-17

Posted on March 13, 2017 at 9:28 am GMT

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Asian Session – Euro rallies to 3-month high against Swiss franc; dollar soft ahead of FOMC

Posted on March 13, 2017 at 8:39 am GMT

The markets turn their focus on a lot of event risk this week, with the highlight being the FOMC meeting on Tuesday and on Wednesday. A light economic calendar today led market players to re-adjust dollar positions after the strong US nonfarm payrolls report on Friday. Profit-taking on dollar / yen was extended today after the pair rallied to a 2-month high of 115.49 on Friday. The greenback headed lower to touch an Asian session low of 114.50. Investors are [..]

Technical Analysis – Gold above 1200 after last week’s slump

Posted on March 13, 2017 at 8:22 am GMT

Gold is currently up from the day’s open. The precious metal recorded a more than five-week low during Friday’s trading. The RSI indicator is hinting to a short-term negative bias as it is bearish at 42. Adding to this is the MACD histogram, which is currently negative and below the red signal line. Note though that RSI is trending upwards. Should this up movement continue, the current bearish bias could be challenged. On the upside, the 50-day moving average (MA) [..]

European Session – Strong US jobs growth as rate hike seems to had been already priced in

Posted on March 10, 2017 at 4:11 pm GMT

As anticipated, the much-discussed US jobs report was first and foremost in investor minds today as, among others, it was widely viewed as the last factor that could sway the Fed’s final decision next week away from what seemed imminent, that is to hike rates in its upcoming meeting. Besides that, market participants also had to digest the jobs report out of Canada and some data out of the UK. The US nonfarm payrolls report showed an addition of 235,000 [..]

FX Daily Outlook | 10-03-17

Posted on March 10, 2017 at 9:30 am GMT

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Asian Session – Gold extends losses; All eyes on US jobs report

Posted on March 10, 2017 at 8:26 am GMT

The dollar remains relatively strong, posting gains against most major counterparts with the exception of the euro which was helped in the aftermath of yesterday’s ECB meeting and subsequent press conference by its President, Mario Draghi. As a result of dollar strength, gold was pushed below $1200 an ounce. The European Central Bank signaled yesterday it currently does not plan to take further accommodative measures to boost the Eurozone economy as there are positive signs on the horizon. This helped a [..]

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