All Articles Tagged - gold

Does the Santa Claus rally really exist? – Special Report

Posted on November 22, 2023 at 1:54 pm GMT

US equities exhibit a strongly positive year-end performance post-Thanksgiving FX pairs do not follow a specific pattern in the examined period Gold and USDJPY rally every time the Thanksgiving holiday falls on November 23 We are nearing the end of another trading year and the newswires are crammed with stories about the famous Santa Claus rally. In a nutshell, the market believes that risky assets tend to rally towards the end of the year. Most analysts calculate the assets’ performance [..]

Technical Analysis – Gold on the rise again, but for how long?

Posted on November 22, 2023 at 10:21 am GMT

Gold enters 2,000 territory again Technical signals remain bullish, but might be weakening Gold prices are looking to resume its bullish trend after the rebound off the 1,932 support level and the climb above the 20- and the 50-period simple moving averages (SMAs). The market structure is positive in the short-term picture as the price keeps fluctuating above the rising trend line. Hence, even if downside pressures resume, the commodity would remain attractive unless it drops below the 1,993 barrier and the 20-period [..]

Market Comment – Fed minutes halt dollar’s drop

Posted on November 22, 2023 at 9:37 am GMT

Dollar breathes as Fed minutes confirm ‘higher for longer’ view BoE’s Bailey pushes sterling higher, Autumn Statement on tap Wall Street traders find opportunity for profit taking Gold continues to march north, moves above $2,000 Dollar takes a breather after Fed minutes The wounded dollar showed signs of stabilizing against most of its major peers, after the minutes from the latest FOMC decision suggested that policymakers were willing to maintain a restrictive policy for some time, but also that interest [..]

Market Comment – Yen gets some relief, sterling eyes tax cuts

Posted on November 20, 2023 at 9:58 am GMT

Dollar continues to drift lower ahead of Fed minutes tomorrow Japanese yen recovers amid growing bets of foreign rate cuts Oil prices bounce back on potential supply cuts, gold steadies Dollar feels the blues A paradigm shift has taken place in global markets this month, after a string of disappointing data releases from the major economies eliminated any surviving bets of further rate increases and instead fueled speculation about a series of rate cuts next year. Market pricing currently suggests [..]

Market Comment – Rate cut bets intensify as oil plunges, but Wall Street wobbles

Posted on November 17, 2023 at 10:15 am GMT

Markets think the Fed is done after US data misses Selloff in crude oil further fuels rate cut bets amid supply glut fears But dollar seesaws while earnings caution weighs on stocks Fed expected to cut by 100bps in 2024 Fed tightening expectations suffered a further blow on Thursday after some weak data releases in the United States put the final nail in the coffin on the likelihood of another rate increase. More importantly, investors ratcheted up their bets of [..]

Technical Analysis – Gold shows some improvement in near term

Posted on November 15, 2023 at 10:57 am GMT

Gold posts several green sessions Short-term outlook looks bullish Momentum indicators indicate more upside pressure Gold is recording the eighth consecutive green session in the 4-hour chart, holding above the short-term simple moving averages (SMAs). The price is currently moving within the Ichimoku cloud and any move higher would extend the bullish movement. The RSI indicator is approaching the overbought region, while the MACD is jumping above its trigger and zero lines in the near term, both suggesting more gains. [..]

Technical Analysis – Gold tumbles but 200-day SMA curbs decline

Posted on November 13, 2023 at 9:47 am GMT

Gold extends its fall from the 5-month peak of 2,009 Hits the crucial 200-day SMA, which holds strong for now Momentum indicators slowly tilt to the bearish side Gold had been in a steep uptrend since October 10 mainly on the back of geopolitical tensions, reclaiming crucial technical regions and posting a fresh five-month peak of 2,009. However, bullion has been experiencing a solid downside correction since then, with short-term oscillators pointing at more pain ahead. Should gold resume its freefall, the bears could [..]

Market Comment – Yen continues to sink, stock markets power higher

Posted on November 13, 2023 at 9:40 am GMT

Yen falls to lowest levels in a year as stock markets soar Dollar mostly ignores Moody’s credit outlook downgrade Gold nurses losses, waiting for tomorrow’s US inflation stats Yen drifts lower It’s been another devastating year for the Japanese yen, which has lost nearly 14% of its value against the US dollar so far, crumbling under the weight of interest rate differentials. The yen has now fallen back to the levels that forced Tokyo to intervene in the FX market [..]

Technical Analysis – Gold turns lower again

Posted on November 10, 2023 at 10:39 am GMT

Gold stalls recovery; cannot surpass 20-SMA Sentiment weakens, but the bulls might have another chance Gold rebounded from a three-week low of 1,944 on Thursday, but the recovery was immediately stopped by the 20-period SMA on the four-hour chart at 1,962. The 23.6% Fibonacci retracement of the previous uptrend cemented that ceiling, forcing the price to move lower. The latest negative reversal in the RSI is discouraging, but the indicator is still in an upward move since bottoming out [..]

Market Comment – Fed chief interrupts stock market rally, lifts dollar

Posted on November 10, 2023 at 10:03 am GMT

Fed chief Powell says ‘won’t hesitate’ to tighten further Dollar extends recovery as US yields rise, pushing equities down Gold gains despite unfavorable setup – central bank purchases? Dollar gets a boost by hawkish Powell Federal Reserve officials have been out in droves this week, highlighting the extraordinary strength of the US economy and stressing that interest rates might need to be raised further to bring inflation back under control. It appeared like a coordinated attempt by policymakers to steer [..]

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