All Articles Tagged - gold

Daily Market Comment – Markets continue to trade geopolitics

Posted on February 15, 2022 at 10:16 am GMT

Conflicting Ukraine headlines send stocks on a rollercoaster Gold and oil push higher amid hedging demand, but cool off Dollar takes a step back ahead of US producer price data Lost in translation Geopolitics remain in the driver’s seat for global markets, and it’s been a wild ride. A series of conflicting reports around Ukraine sparked all kinds of volatility in stocks yesterday as trading algorithms were apparently overloaded with headlines they couldn’t process. It all started with the Russian [..]

US Open Note – As Russia-Ukraine tensions persist, the dollar strengthens

Posted on February 14, 2022 at 2:02 pm GMT

Ukraine tensions and FOMC minutes in focus; dollar rises As the United States fears that an invasion may be approaching, tensions over Russian forces stationed near Ukraine are entering what might be a pivotal week. The United States is warning of an imminent invasion, while President Vladimir Putin has accused America of failing to satisfy his demands. Russia has denied it is preparing to invade Ukraine, and Chancellor Olaf Scholz of Germany is travelling to Kyiv today, a day before visiting Moscow to calm the issue. This week’s focus is on the [..]

Daily Market Comment – Ukraine tensions sink stocks, propel oil and gold higher

Posted on February 14, 2022 at 10:13 am GMT

Warnings of imminent Ukraine invasion send markets into a tailspin Stocks tank, dollar and yen advance, oil breaks higher, gold shines Meanwhile, speculation about emergency Fed action is running wild Ukraine crisis deepens Geopolitical tensions have returned to haunt financial markets. The US president called on all American citizens to leave Ukraine immediately on Friday, citing the threat of a Russian invasion that could begin at any moment. It is still unclear how much of this is political grandstanding as [..]

Technical Analysis – Gold raises its bullish stakes after victorious rally

Posted on February 14, 2022 at 8:56 am GMT

Gold ran with full speed on Friday to breach the descending trendline and claim a new higher high at 1,865, marking its largest daily increase since October. The precious metal opened the new week on a negative note, though the 1,850 resistance switched immediately to support, providing some relief that Friday’s bullish breakout could be more durable. Downside pressures could persist as the Stochastics have drifted lower and are set to exit the overbought zone. Yet the steep ascent in [..]

Weekly Comment – Central banks await inflation reports, retail sales eyed

Posted on February 11, 2022 at 12:55 pm GMT

It was a highly volatile week for the stock markets as US inflation recorded its biggest annual increase in 40 years, triggering bets for a double interest rate hike by the Fed in March. In the upcoming week, inflation data from various countries will put their central banks’ policies to the test, while retail sales, employment and GDP data are expected to provide invaluable insights into global economic activity. The highlights: Next week the UK, Canadian, Japanese and Chinese inflation data for January will hit the markets. The [..]

Daily Market Comment – Stocks buoyant ahead of US CPI, dollar holds steady

Posted on February 10, 2022 at 9:50 am GMT

Wall Street extends climb out of January pit, but futures ease as CPI data awaited Dollar edges sideways as traders seek direction from US price growth Gold hits two-week high amid uncertainty about inflation and Fed policy Stocks turn cautious before US inflation release The improved risk tone is holding ahead of the all-important inflation numbers out of the United States later on Thursday. Stocks on Wall Street jumped higher for a second day on Wednesday, erasing the losses from [..]

US Open Note – US CPI data still key as today’s 10-year yield drop aids wall street

Posted on February 9, 2022 at 2:22 pm GMT

Market jitters keep volatility faint and dollar remains glued on back foot The US 10-year yield deflated to 1.927% today keeping the reserve currency on offer, with the dollar index near the lower end of its recent range at 95.40, which provided US stock futures with freshly welcomed buoyancy for a test of the latest peaks following their deep corrections from all-time highs. Nonetheless, market sentiment is still looking fragile awaiting additional volatility from the upcoming US inflation event. [..]

Technical Analysis – Gold climbs above the MAs and the Ichimoku cloud

Posted on February 8, 2022 at 3:40 pm GMT

Gold recently breached the 1,800 handle and has extended beyond the simple moving averages (SMAs) and the Ichimoku cloud. Although the longer-term averages are endorsing a more neutral trend, the upturn of the 50-period SMA, is suggesting upside momentum is gaining the upper hand. The short-term oscillators are indicating a positive preference in the price. The MACD, in the positive section, is sustaining its gradual climb above its red trigger line, while advances in the RSI have neared the 70 [..]

Daily Market Comment – Higher yields start to bite but stocks fight back, dollar edges up

Posted on February 8, 2022 at 10:32 am GMT

Bond yields climb to fresh highs as inflation and tighter policy fears grip markets Equities nevertheless perk up globally but Wall Street on shaky ground Dollar regains front foot, oil prices pressured by optimism around US-Iran talks Sentiment improves despite surging yields Long-term borrowing costs continued to head north on Tuesday, rising in just about every territory on growing expectations that no country will be spared from the greatest inflation shock the world has faced in decades. As central banks [..]

US Open Note – Market sentiment muted and dollar holds firm

Posted on February 7, 2022 at 2:19 pm GMT

Markets prepare for ECB’s Lagarde as calmer tone overshadows prior rollercoaster week Moving past the previous heavy week of data and central bank meetings, the current week looks to be much quieter. The market mood is suggesting that the right boxes are getting ticked for the Fed to move ahead with tightening and a rate hike in March, especially after the huge win in the US labour market, where the US jobs report improved by 467k, more than triple the [..]

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