All Articles Tagged - gold

Asian Session – Dollar lacks momentum ahead of Trump speech; Pound falls on Scottish referendum talk

Posted on February 27, 2017 at 7:42 am GMT

Sterling was the worst performing major currency in the Asian session today on reports of a possible Scottish independence vote. The dollar lacked momentum ahead of a raft of US economic data and speeches by President Donald Trump and Federal Reserve Chair Janet Yellen this week. The pound dipped as much as 0.6 percent against the dollar to touch a session low of 1.2390 after a Times newspaper report said UK Prime Minister Theresa May could agree to a new [..]

European Session – Trump reflation trade in doubt again, dollar slightly down

Posted on February 24, 2017 at 4:34 pm GMT

Barring Canadian inflation data, US new home sales, and the final print of the University of Michigan consumer sentiment index there were no important economic data releases hitting the markets today. Market participants were for the most part digesting developments in the political scene and placing positions accordingly. The dollar has gained significantly on expectations of fiscal reforms by the Trump administration. However, US Treasury Secretary Steven Mnuchin’s latest comments on expecting tax reforms to start benefitting the economy next [..]

FX Daily Outlook | 24-02-17

Posted on February 24, 2017 at 9:19 am GMT

[..]

Asian Session – Gold at 3-month highs on softer dollar after Mnuchin comments

Posted on February 24, 2017 at 7:58 am GMT

Gold consolidated gains at a 3-month high as the US dollar was on track to end the week with losses. The greenback touched a 2-week low against the yen on Thursday after being weighed by disappointing US jobless claims data and US Treasury Secretary Steven Mnuchin’s remarks. The number of Americans applying for unemployment benefits increased by 6,000 to 244,000 in the week ending February 18 from the previous week’s revised total of 238,000. Expectations were for jobless claims to [..]

FX Daily Outlook | 22-02-17

Posted on February 22, 2017 at 10:00 am GMT

[..]

FX Daily Outlook | 21-02-17

Posted on February 21, 2017 at 9:22 am GMT

[..]

Technical Analysis – Gold falling, more than offsetting yesterday’s gain

Posted on February 21, 2017 at 8:10 am GMT

Gold has been falling in today’s trading so far with the decline more than offsetting yesterday’s rise. The RSI indicator is at 60, well above the 50 threshold distinguishing positive from negative short-term sentiment. As regards the stochastics, the %K line is in bullish territory as well. A note of caution though as it has just crossed below the slow %D line. This might hint that the intra-day down movement could continue. The February 8 fifteen-week high of 1244.58 could [..]

European Session – Pound up as Lords begin Brexit bill debate; Dollar range-bound in holiday-thinned trading

Posted on February 20, 2017 at 3:46 pm GMT

The US dollar was stuck in a tight range on Monday as markets struggled for direction in the absence of any major data releases and with US markets closed for President’s Day holiday. Having moved away from Friday’s one-week lows in Asian trading, the greenback flat-lined against the yen in today’s European session to hover around 113.10 yen. Traders ignored solid economic indicators out of the US last week, as well as a more hawkish Yellen, to drive US treasury [..]

FX Daily Outlook | 20-02-17

Posted on February 20, 2017 at 9:47 am GMT

[..]

European Session – Dollar mixed ahead of US long weekend; Pound hit by weak retail sales data

Posted on February 17, 2017 at 3:07 pm GMT

Risk appetite faded on the week’s last trading day as political uncertainty in Europe and the US weighed on investor sentiment. The US dollar was mixed in today’s European session as it fell against the yen but moved higher against most other majors, in particular the euro and the pound. This made the yen the best performing currency of the day as it benefited from its safe haven status. The dollar index, which gauges the greenback’s strength against the currencies [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

gold

XM Live Chat