All Articles Tagged - gold

Equities volatility jumps as sentiment turns negative – Volatility Watch

Posted on September 10, 2024 at 10:41 am GMT

Euro/dollar volatility remains low as market digests US data prints Volatility in commodities remains low apart from oil Stock indices and bitcoin experience much higher volatility Volatility in the main FX pairs, including euro/dollar, has eased in the past few days as the market is digesting last week’s US labour market data and preparing for Wednesday’s CPI report, which could play a role in determining the size of the imminent Fed rate cut. On the other hand, yen pairs are experiencing higher volatility [..]

Daily Comment – Equities rebound but face danger from US presidential debate

Posted on September 10, 2024 at 8:19 am GMT

Equities turn positive, but sentiment is fragile US presidential debate today could prove market moving UK labour market data supports the pound Bitcoin gains as risk sentiment improves, gold is range-bound Stocks breathe better US equity markets recorded gains in yesterday’s session, with the Nasdaq 100 index leading the rally, and euro/dollar dropped close to 1.1030 despite the fact that most participants remain uncertain about next week’s Fed rate cut size and confused about the medium-term outlook of the global economy. [..]

Technical Analysis – Gold weakness might have legs

Posted on September 9, 2024 at 7:32 am GMT

Gold is trading lower today, but close to recent highs It failed to benefit from Friday’s negative stock market reaction Momentum indicators remain mixed Gold is trading lower again today, recording its second consecutive red candle, but remaining a tad below its recent all-time high of $2,532. Last Friday’s non-farm payrolls figure resulted in an acute market reaction with the S&P 500 index recording its worst weekly performance since 2023, but gold failed to benefit. Similarly, developments in both the [..]

Daily Comment – Investors lock gaze on NFP data

Posted on September 6, 2024 at 8:35 am GMT

Dollar slides as data offer little respite to concerned investors NFP to accelerate somewhat, but PMI surveys pose downside risks S&P 500 and Dow Jones end in red ahead of the job numbers Gold rebounds, approaches record high; oil stabilizes Data fail to alleviate investors’ worries The dollar traded lower against all of its major counterparts on Thursday as the boost received by the better-than-expected initial jobless claims and the improving ISM non-manufacturing PMI faded. The reason why traders were [..]

Cryptos’ short-term outlook rests on the Fed – Crypto News

Posted on September 6, 2024 at 7:23 am GMT

Cryptos trade lower due to overall negative market sentiment Spot ETFs outflow confirm investors’ lower appetite Cryptos desperately looking for new bullish catalysts Ethereum a tad above some key support levels Cryptocurrencies remain under pressure The cryptocurrency world remains under severe pressure with bitcoin repeatedly failing to climb above the $60k area. The downward trend from the March highs is still in place, with a series of lower highs setting the bearish tone and pushing the king of cryptos around [..]

Stocks could suffer after the September Fed rate cut – Special Report

Posted on September 4, 2024 at 2:20 pm GMT

US labour market data to determine the size of the first Fed rate cut History points to an increased possibility of a 50bps move Analysis reveals sizeable equities’ weakness after the initial cut Following Fed Chairman Powell’s appearance at the Jackson Hole Symposium and this indirect announcement of the much-discussed Fed rate cut, the market is counting down to the September 18 meeting. This week’s labour market data could play a role in the size of this rate move with [..]

Can gold prices surge to new all-time highs by year end? – Special report

Posted on September 4, 2024 at 9:20 am GMT

Gold increases 21% so far this year US data and geopolitical tensions are driving gold Bigger picture remains strongly positive Gold still soaring in long-term view Gold has been performing remarkably well so far this year, with a gain of 21% and a record high of $2,531 on August 20. The impending release of US economic data, increased geopolitical tensions, and hints of nearing rate cuts from the Federal Reserve are the main driving forces behind this rise. When interest rates are low, noninterest-bearing gold is generally more appealing to investors. Gold [..]

Technical Analysis – Gold stands within sideways channel

Posted on September 4, 2024 at 6:45 am GMT

Gold eases beneath near-term SMAs Stochastics post positive divergence MACD strengthens bearish momentum Gold prices have been developing within a trading range of 2,470 to 2,528 since August 16 with mid-level the 2,507 resistance, which overlaps with the 50-period simple moving average (SMA) in the 4-hour chart. Technically, the stochastic is moving higher, creating a positive divergence as long as the price creates lower lows and the oscillator posts higher highs. This is a sign of a potential upside retracement [..]

Volatility eases across the board ahead of key US data – Volatility Watch

Posted on September 3, 2024 at 9:46 am GMT

Euro/dollar volatility drops as market prepares for an action-packed week Volatility in commodities crashes to new lows apart from oil Stock indices and bitcoin experience much lower volatility Volatility in the main FX pairs, including euro/dollar, has eased in the past few days as the market is preparing for this week’s US labour market data releases that could play a key role in determining the size of the imminent rate cut by the Fed. Similarly, yen pairs are experiencing lower volatility as the [..]

Daily Comment – Dollar could suffer if the ISM survey disappoints

Posted on September 3, 2024 at 7:46 am GMT

Markets are preparing for an action-packed week The US dollar is on the front foot following the bank holiday Focus turns to the ISM manufacturing survey today Gold drops, oil recovers but outlook remains mixed Focus on US data releases With US participants returning from the extended bank holiday weekend, the focus today will firmly be on the US data calendar. Fed Chairman Powell highlighted the importance of labour market data at his recent Jackson Hole speech, and hence today’s [..]

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