All Articles Tagged - gold

Gold: Top-down Technical Analysis – Special Report

Posted on March 22, 2023 at 12:57 pm GMT

During tumultuous times like the current Credit Suisse-bailout period, the top-down technical analysis could be the compass for market investors/traders. Focusing on multiple timeframes can protect from decisions based purely on the very short-term periods examined. This process tends to be more time-consuming and ignored by most traders, but the benefits clearly outweigh the negatives. In this report, we analyse gold, which along with other financial instruments continue to feel the banking sector crisis aftershocks, starting from the longer-term and gradually moving [..]

Daily Market Comment – Gold loses steam, stocks recover as banking storm eases

Posted on March 21, 2023 at 10:11 am GMT

Nerves around banking sector recede for now, as traders bet on Fed cuts Gold loses some of its safe-haven appeal, stock markets bounce back Dollar remains under pressure, unable to capitalize on market turbulence Fed bets help calm nerves It’s been a wild month for global markets, with regulators turning into firefighters to extinguish the stress in the banking system and prevent it from burning the real economy. The Fed rolled out an emergency lending program for troubled banks, the [..]

Daily Market Comment – Banking turmoil keeps sentiment fragile; investors want the Fed to pivot

Posted on March 20, 2023 at 8:53 am GMT

Banking fears persist despite contingency plans Yen gains as equities and bond yields slide Fed is seen pausing and initiating rate cuts Gold skyrockets above $2,000, oil falls to 15-month low Flight to safety continues on banking contagion fears The US dollar underperformed against all the other major currencies on Friday, with the safe-haven yen taking the most advantage of its weakness. Although the dollar rebounded somewhat today, it remains on the back foot against its Japanese peer. Despite the [..]

Technical Analysis – Gold jumps above crucial $2,000 mark

Posted on March 20, 2023 at 8:45 am GMT

Gold has been in a steep uptrend since early March due to the ongoing turmoil in the global banking sector. In today’s session, bullion managed to rise above the 2,000 psychological mark for the first time in a year, eyeing the peaks observed after the Russian invasion of Ukraine. The momentum indicators currently suggest that the recent rally could be overstretched as both the RSI and the MACD histogram are strengthening well within their overbought territories. Hence, a potential downside correction may be on the [..]

Daily Market Comment – ECB hikes amid turmoil but opens door to pause, lifting markets

Posted on March 17, 2023 at 10:34 am GMT

ECB delivers what it promised but abandons forward guidance, euro climbs US banks pour $30 billion into troubled First Republic in rescue deal Stocks rise in relief rally, yields make unconvincing rebound, dollar slips But some caution today as triple witching looms Banking crisis fears ease after another rescue Equity markets globally were headed for painful losses for the week even as they scrambled to stage a relief rally on Friday. It’s been a challenge for investors to keep apace [..]

Daily Market Comment – Dollar gains as panic returns, ECB meets amidst banking crisis

Posted on March 16, 2023 at 9:15 am GMT

The dollar and the yen Wednesday’s main gainers Franc and euro lose the most ground on Credit Suisse fallout ECB decides on interest rates, with investors split on hike size Wall Street pares loses, but concerns remain Investors seek safety as Credit Suisse sparks more fears The dollar strengthened against all but one of the other major currencies on Wednesday. It lost ground only against the yen, as market participants entered panic mode again after Credit Suisse’s largest shareholder said [..]

Banking crisis adds fuel to gold’s engines – Special Report

Posted on March 15, 2023 at 4:16 pm GMT

The collapse of the Silicon Valley Bank (SVB) on Friday brought chaos in the markets, with equity indices and government bond yields around the globe coming under strong pressure. This appeared to be the recipe of an elixir potion for gold, which rebounded strongly from near the $1,810 zone and skyrocketed. Is the metal poised to continue flying and what should its traders watch out for? SVB collapse spreads panic Markets were thrown into tailspin last Friday and on Monday [..]

Technical Analysis – Gold spikes higher as uncertainty floods markets

Posted on March 15, 2023 at 1:51 pm GMT

Gold has been in an uptrend in the four-hour chart, which temporarily paused near the 1,914 territory. However, gold spiked higher as markets turned pessimistic over Credit Suisse’s solvency, while technically, the ascending 50-period period moving average (SMA) is positively closing the gap with the 200-period SMA. The momentum indicators are endorsing this bullish breakout. Specifically, the RSI is ascending sharply within the overbought zone, while the stochastic oscillator is sloping upwards after posting a bullish cross. Should gold extend [..]

What does the US banking crisis mean for markets? – Special Report

Posted on March 14, 2023 at 3:32 pm GMT

Cracks have started to appear in the US financial system with the collapse of Silicon Valley Bank. Even though the Fed stepped in with a rescue plan, it wasn’t enough to calm nerves in markets. Instead, investors are betting this episode will force the Fed to stop tightening. Such speculation seems exaggerated, and if Fed officials push back against it next week, stock markets could resume their decline while the dollar storms higher. Financial stress The collapse of Silicon Valley [..]

Daily Market Comment – Bank stocks pummelled but some calm restored ahead of US CPI

Posted on March 14, 2023 at 10:08 am GMT

Financial stocks remain pressured but broader selloff eases as panic subsides US inflation in the spotlight after sharp repricing of Fed rate hikes Gold and cryptos softer after surge, yields steadier, dollar edges up Bank rout turns global but wider equities rebound Equity markets were showing some signs of life on Tuesday following a brutal selloff in the preceding days that was led by a plunge in banking stocks triggered by the collapse of SVB and Signature Bank. Emergency measures [..]

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