The Dow & Gold, Both on Hold

The Dow & Gold, Both on Hold

$DIA, $XAU, $XAG At week’s end we find the Dow Jones with a bearish, picture-perfect head and shoulders technical formation.  The left shoulder goes back to last April, the head in early July and the right shoulder at the close of the week.  So, is the market a sell as September 2019 comes to a […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

FLASH: Gold Up, USD Soft, Crude Oil Up, Stocks Up Headlines US-Chinese trade deputies face-off in Washington Asia’s economic hopes support shares Crude Oil edges up on Mideast tensions Gold up as softer USD and Gulf tensions support Gold: Gold prices up Friday and were headed for their 1st weekly gainer in 4-5, supported by a softer […]

Canadian Dollar: USD/CAD (CAD=X) Breakout Potential

Canadian Dollar: USD/CAD (CAD=X) Breakout Potential

Canadian Dollar: USD/CAD (CAD=X) Breakout Potential The Canadian Dollar is up down more-than 0.2% against the US Dollar since the start of the week with USD/CAD stretching into near-term resistance post- FOMC yesterday. Despite the recent advance, Loonie remains within the confines of a well-defined range with the broader outlook still tilted to the downside.  In my last Canadian Dollar Price Outlook we noted that USD/CAD was approaching daily […]

Australian Dollar: USD/AUD (AUD=X) crushed after jobs data shows unemployment rising

Australian Dollar: USD/AUD (AUD=X) crushed after jobs data shows unemployment rising

Australian Dollar: USD/AUD (AUD=X) crushed after jobs data shows unemployment rising The Australian Dollar was crushed Thursday in the wake of an August jobs report that showed the unemployment rate rising, which is tipped by Wesptac to incite further interest rate cuts from the Reserve Bank of Australia (RBA) and a return to a decade-long low by the antipodean […]

British Pound: USD/GBP (GBP=X) signs of hope for a deal breakthrough emerging

British Pound: USD/GBP (GBP=X) signs of hope for a deal breakthrough emerging

British Pound: USD/GBP (GBP=X) signs of hope for a deal breakthrough emerging It’s not a “Super Thursday,” but it sure feels like one. The September Bank of England policy meeting produced the dually surprising yet unsurprising remark from BOE Governor Mark Carney that the Monetary Policy Committee may need to cut interest rates thanks to the uncertainty […]

Silver 1 OZ 999 NY (XAG=X) Prices to Challenge Key Resistance

Silver 1 OZ 999 NY (XAG=X) Prices to Challenge Key Resistance

Silver 1 OZ 999 NY (XAG=X) Prices to Challenge Key Resistance Yesterday, the Federal Reserve cut interest rates to 1.75-2.00% as expected. However, the mixed outlook in regard to the future path of interest rates among the committee with 7/17 expecting rates to be lowered again slightly disappointed the dovish market expectations. Therefore, gold and silver […]

Euro: USD/EUR (EUR=X) consolidating

Euro: USD/EUR (EUR=X) consolidating

Euro: USD/EUR (EUR=X) consolidating The Euro market rallied during the trading session on Thursday, reaching towards the top of the short term range. The 50 day EMA above is painted in red, and it should continue to offer a lot of resistance. The shooting star from several days ago continues offer a major barrier, so that being […]

Japanese Yen: USD/JPY (JPY=X) Price Forecast US Dollar Runs Into Resistance

Japanese Yen: USD/JPY (JPY=X) Price Forecast US Dollar Runs Into Resistance

Japanese Yen: USD/JPY (JPY=X) Price Forecast US Dollar Runs Into Resistance The US dollar has pulled back a bit against the Japanese yen during trading on Thursday as the 50% Fibonacci retracement level has made its presence known. That being said though, it’s very likely that the area that could cause quite a bit of issues not […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

FLASH: Gold Flat, USD Firm, Crude Oil Up, Stocks Down Headlines Gold flat to little changed after Fed outlook disappoints Asian shares lower on guarded Fed Crude Oil prices settle after turbulent week, Saudi reassures on output Gold: Gold prices were little changed Thursday after declining up to 1% in Wednesday, as lack of clarity on the […]

Gold Price: Bulls Vs Bears

Gold Price: Bulls Vs Bears

$XAU $GLD Gold futures posted wild 2-sided trade late Wednesday before turning lower for the session after the Federal Reserve decided to cut its benchmark interest rate 25-bpts as it remained deeply divided on the need for further easing as the economy improves. The Fed took down its benchmark overnight lending rate to a target […]

Japanese Yen: USD/JPY (JPY=X) Federal Reserve meeting in focus

Japanese Yen: USD/JPY (JPY=X) Federal Reserve meeting in focus

Japanese Yen: USD/JPY (JPY=X) Federal Reserve meeting in focus The US dollar has done very little in the hours ahead of the Federal Reserve meeting as one would expect, and now that we are testing the ¥108 level it’s very likely that we are going to perhaps try to pop higher. If we can break above the […]

Australian Dollar: USD/AUD (AUD=X) downward pressure waiting for the Fed

Australian Dollar: USD/AUD (AUD=X) downward pressure waiting for the Fed

Australian Dollar: USD/AUD (AUD=X) downward pressure waiting for the Fed Continued attempts for the Australian Dollar to US Dollar (AUD/USD) exchange rate to recover from its weekly lows have been limited, as the pair still trended just slightly above those lows at the time of writing on Wednesday afternoon. Investors remained hesitant to buy the […]

New Zealand Dollar: NZD/USD (NZD=X) All eyes on Fed

New Zealand Dollar: NZD/USD (NZD=X) All eyes on Fed

New Zealand Dollar: NZD/USD (NZD=X) All eyes on Fed NZD/USD has posted modest losses on Wednesday, erasing the short-lived gains we saw on Tuesday. In the Asian session, the pair is trading at 0.6337, down 0.36% on the day. Ahead – New Zealand GDP Weak global conditions and the ongoing U.S-China trade war have taken a […]

Canadian Dollar: USD/CAD (CAD=X) Canadian CPI Slips

Canadian Dollar: USD/CAD (CAD=X) Canadian CPI Slips

Canadian Dollar: USD/CAD (CAD=X) Canadian CPI Slips USD/CAD continues to have a quiet week, as the pair remains rangebound. In Wednesday’s North American session, the pair is trading at 1.3271, up 0.22% on the day. Canadian CPI Slips Canada’s key inflation gauge, CPI, contracted by 0.1% in August. The reading of -0.1% marked a sharp drop […]

Euro: USD/EUR (EUR=X) Falls Ahead of Federal Reserve Rate Decision

Euro: USD/EUR (EUR=X) Falls Ahead of Federal Reserve Rate Decision

Euro: USD/EUR (EUR=X) Falls Ahead of Federal Reserve Rate Decision Today’s Euro US Dollar (EUR/USD) exchange rate has slumped, with the pairing currently trading at around $1.1045. The US Dollar (USD) edged up this morning ahead of the US Federal Reserve meeting in which the central bank is expected to cut interest rates by 25 […]

British Pound: USD/GBP (GBP=X) Pound Shrugs as U.K. Inflation Dips

British Pound: USD/GBP (GBP=X) Pound Shrugs as U.K. Inflation Dips

British Pound: USD/GBP (GBP=X) Pound Shrugs as U.K. Inflation Dips Recent CPI releases have been around the 2.0% level, which is the Bank of England’s inflation target. However, August CPI slipped to 1.7%, down sharply from 2.1% a month ago. This release will likely raise concerns at the BoE, as it is the lowest level […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

FLASH: Gold Steady, USD Firm, Crude Oil Off, Stocks Steady to Up Headlines USD holds firm, -0.03% to 98.288. Crude Oil jitters ease Gold prices steady in cautious mood China stocks rise ahead of expected Fed rate cut Gold:  Gold prices were little changed Wednesday as investors maintained a cautious stance ahead of the conclusion of FOMC […]

Japanese Yen: USD/JPY (JPY=X) testing weekly downtrend resistance ahead of Fed

Japanese Yen: USD/JPY (JPY=X) testing weekly downtrend resistance ahead of Fed

Japanese Yen: USD/JPY (JPY=X) testing weekly downtrend resistance ahead of Fed The US Dollar has rallied more than 3.6% against the Japanese Yen since the August lows / yearly lows with price now approaching broader downtrend resistance ahead of tomorrow’s highly anticipated FOMC interest rate decision. These are the updated targets and invalidation levels that matter on the USD/JPY weekly price chart. USD/JPY […]

Euro: USD/EUR (EUR=X) on the rise

Euro: USD/EUR (EUR=X) on the rise

Euro: USD/EUR (EUR=X) on the rise The shared currency, on the daily chart, is trading in a bear trend below the main daily simple moving averages (DSMAs). It has been reported that Saudi Arabia’s oil output should return to normal faster than anticipated. This improved improved the market sentiment and sent USD down and EUR/USD up. […]

Australian Dollar: USD/AUD (AUD=X) rebounds off confluence support ahead of FOMC

Australian Dollar: USD/AUD (AUD=X) rebounds off confluence support ahead of FOMC

Australian Dollar: USD/AUD (AUD=X) rebounds off confluence support ahead of FOMC The Australian Dollar is virtually unchanged against the US Dollar since the start of the week and heading into tomorrow FOMC interest rate decision, the focus is on a break of the objective weekly opening-range for guidance. These are the updated targets and invalidation levels that matter on the AUD/USD price chart.  […]

British Pound: USD/GBP (GBP=X) U.K. Inflation and Fed Meeting ahead

British Pound: USD/GBP (GBP=X) U.K. Inflation and Fed Meeting ahead

British Pound: USD/GBP (GBP=X) U.K. Inflation and Fed Meeting ahead There are no major indicators on the schedule, so investors are casting an eye ahead towards Wednesday, with key events on both sides of the pond. The U.K. will release the August consumer inflation report. Recent CPI releases have been around the 2.0% level, which […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

FLASH: Gold Steady, USD Flat, Crude Oil Off, Stocks Cautious Headlines Crude Oil pares gains Middle East risks keep stocks in caution mode Gold prices little changed as markets eye Fed outlook Gold: Gold traded steady Tuesday as traders stayed on the sidelines ahead of a widely expected rate cut by the Fed on Wednesday. Spot gold was […]

What Will the Attack on Saudi Crude Oil Facilities Mean for Consumers?

What Will the Attack on Saudi Crude Oil Facilities Mean for Consumers?

$DIA, $SPY, $QQQ, $RUTX, $OIL, $USO, $VXX Wall Street closed lower, Crude Oil prices spiked after attack in Saudi Arabia The attack knocked about 5.7-M BPD out of production, leading to the biggest 1-day gainer in WTI Crude Oil ($62.88/bbl, +$8.00, +14.6%) since Y 2008. Saudi Arabia expected to restore about 33% of lost production […]

Japanese Yen: USD/JPY (JPY=X) traders look for the safety of the yen after the drone attacks in Saudi Arabia

Japanese Yen: USD/JPY (JPY=X) traders look for the safety of the yen after the drone attacks in Saudi Arabia

Japanese Yen: USD/JPY (JPY=X) traders look for the safety of the yen after the drone attacks in Saudi Arabia The US dollar gapped lower against the Japanese yen as traders raced for caution and safety in the aftermath of those drone attacks. However, we have since spent the rest of the day trying to fill […]

Australian Dollar: USD/AUD (AUD=X) focus remained on the Middle East

Australian Dollar: USD/AUD (AUD=X) focus remained on the Middle East

Australian Dollar: USD/AUD (AUD=X) focus remained on the Middle East The Australian Dollar remained focused like most markets on rising crude prices following last weekend’s drone strike on crucial Saudi infrastructure and failed to move much on news that both Chinese industrial production and retail sales had missed forecasts. August’s industrial production rose by 4.4% on the year. That […]

New Zealand Dollar: NZD/USD (NZD=X) has been hit by weak global conditions and U.S-China trade war

New Zealand Dollar: NZD/USD (NZD=X) has been hit by weak global conditions and U.S-China trade war

New Zealand Dollar: NZD/USD (NZD=X) has been hit by weak global conditions and U.S-China trade war NZD/USD ended the week on a whimper and the lack of activity has continued on Monday. In the Asian session, the pair is trading at 0.6385, up 0.02% on the day. Ahead – Consumer Confidence Consumer confidence has dipped, as […]

Euro: USD/EUR (EUR=X) rebounds of down-trend resistance

Euro: USD/EUR (EUR=X) rebounds of down-trend resistance

Euro: USD/EUR (EUR=X) rebounds of down-trend resistance Euro reversed off downtrend resistance against the US Dollar last week with decline now testing monthly open support. The immediate focus is on a breakout of last week’s range – these are the updated targets and invalidation levels that matter on the EUR/USD price chart. Technical Outlook In this month’s Euro Weekly Price Outlook we noted […]

British Pound: USD/GBP (GBP=X) traders keep expectations low for the September BOE meeting

British Pound: USD/GBP (GBP=X) traders keep expectations low for the September BOE meeting

British Pound: USD/GBP (GBP=X) traders keep expectations low for the September BOE meeting There are two primary reasons why traders should keep expectations low for the September BOE meeting. The first reason is typical in nature, at least since the June 2016 Brexit: the BOE is doing everything it can to stay neutral to not […]

Canadian Dollar: USD/CAD (CAD=X) Rallies with Oil Prices

Canadian Dollar: USD/CAD (CAD=X) Rallies with Oil Prices

Canadian Dollar: USD/CAD (CAD=X) Rallies with Oil Prices The Canadian dollar gapped higher in Asia when oil prices surged upwards. West Texas Intermediate jumped to $63.15 U.S./barrel after closing on Friday at $54.83/b after news that drone attacks on Saudi Arabian oil fields knocked over 50% of the Kingdom’s oil production offline. There isn’t any […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Flat, Crude Oil Spikes, Stocks Off Headlines Crude Oil spikes after Saudi facility attacks, weak China data hits shares President Trump said the US is “locked & loaded” for a potential response to the attack on Saudi Arabia’s Crude Oil production facilities Gold rallies as […]

New Zealand Dollar: NZD/USD (NZD=X) fallen away in early Asian trade

New Zealand Dollar: NZD/USD (NZD=X) fallen away in early Asian trade

New Zealand Dollar: NZD/USD (NZD=X) fallen away in early Asian trade The New Zealand Dollar closed lower against the U.S. Dollar on Friday as investors continued to show almost no reaction to a number of conciliatory gestures between the United States and China that could be signaling an easing of tensions over the prolonged trade […]

British Pound: USD/GBP (GBP=X) to continue rising but risks a short-term correction

British Pound: USD/GBP (GBP=X) to continue rising but risks a short-term correction

British Pound: USD/GBP (GBP=X) to continue rising but risks a short-term correction The Pound-to-Dollar rate is set to begin trading around 1.2485 at the beginning of the new week after closing the previous one around 1.68% higher on Friday and studies of the charts suggest the pair has established a new uptrend that could take it […]

Australian Dollar: USD/AUD (AUD=X) Investors focus on the RBA minutes and employment reports

Australian Dollar: USD/AUD (AUD=X) Investors focus on the RBA minutes and employment reports

Australian Dollar: USD/AUD (AUD=X) Investors focus on the RBA minutes and employment reports The Australian dollar continued to post gains last week, despite disappointing confidence numbers. NAB business confidence slowed to 1 point, in August marking a 4-month low. There was no relief from Westpac consumer sentiment, which fell by 1.7% in July, its third […]

Japanese Yen: USD/JPY (JPY=X) could rise sharply after the Fed announcement

Japanese Yen: USD/JPY (JPY=X) could rise sharply after the Fed announcement

Japanese Yen: USD/JPY (JPY=X) could rise sharply after the Fed announcement The Dollar/Yen reached its highest level since August 1 last week as investors continued to shed the safe-haven Japanese Yen in reaction to an easing of tensions between the United States and China, an improving U.S. economy and speculation that the Bank of Japan […]

Euro: USD/EUR (EUR=X) Avoids Losses despite ECB Easing Measures

Euro: USD/EUR (EUR=X) Avoids Losses despite ECB Easing Measures

Euro: USD/EUR (EUR=X) Avoids Losses despite ECB Easing Measures Both the Euro and US Dollar were fairly volatile last week, driven by shifts in global trade sentiment as well as the latest central bank news and speculation, but the Euro to US Dollar (EUR/USD) exchange rate ultimately closed the week fairly closely to its opening […]

Gold: Investment Strategy

Gold: Investment Strategy

$XAU, $GLD, $GOLD, $NEM, $USD Emerging markets have/are adding to gold holdings, undeterred by prices near their highest levels in more than 6 years, as countries such as Russia and China diversify their Fx reserves, a trend we believe that is likely to continue. Central bank buying is important to the supply/demand dynamic for the […]

Bitcoin: USD/BTC (BTC=X) price breaks to $10300

Bitcoin: USD/BTC (BTC=X) price breaks to $10300

Bitcoin: USD/BTC (BTC=X) price breaks to $10300 Bitcoin (BTC) is not the king of cryptocurrencies without any reasons. Bitcoin price has finally broken through the downward wedge triangles and is now headed towards new highs. In the past twenty-four hours (24hrs) Bitcoin price has seen the high point of ten thousand four hundred and sixty-one […]

Asian Rally on Trade Deal Hopes

Asian Rally on Trade Deal Hopes

Equities rose in Asian trade Friday after the European Central Bank unveiled a fresh round of useless economic stimulus and another interest rate cut while a report said the US was considering a short-term trade agreement with China. Global markets have been buoyed this week by a growing sense that central banks are on the […]

Ethereum: USD/ETH (ETH=) Shayne Heffernan Target $200

Ethereum: USD/ETH (ETH=) Shayne Heffernan Target $200

Ethereum: USD/ETH (ETH=) Shayne Heffernan Target $200 Recently, there was a downside correction in ETH price below the $180 support against the US Dollar. However, the $175 level acted as a decent support and prevented further losses. Moreover, bitcoin price held the $10,000 support and it bounced back above $10,250 and $10,300. It helped altcoins […]

Trump is prepared to keep, raise tariffs on Chinese goods

Trump is prepared to keep, raise tariffs on Chinese goods

U.S. President Donald Trump is prepared to keep or even raise tariffs on Chinese imports amid ongoing trade talks, Treasury Secretary Steven Mnuchin said on Thursday, after both sides granted concessions ahead of the next round of negotiations. Still, Mnuchin said in an interview on CNBC, U.S. officials were looking to make progress when talks […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Flat, Crude Oil Off, Stocks Up Headlines Asian shares advance on US-China trade progress, ECB easing Crude Oil off on global demand worries despite hopes on trade talks Hong Kong gold market losing shine due to political unrest Gold dips as trade hopes fuel risk […]

Euro: USD/EUR (EUR=X) ECB announcement came out with the interest rate cut and of course the bond buyback program starting back up

Euro: USD/EUR (EUR=X) ECB announcement came out with the interest rate cut and of course the bond buyback program starting back up

Euro: USD/EUR (EUR=X) ECB announcement came out with the interest rate cut and of course the bond buyback program starting back up The Euro went back and forth wildly during the trading session on Thursday, as the European Central Bank announced that they were cutting rates and that of course have decided to buy unlimited bonds. […]

Australian Dollar: USD/AUD (AUD=X) rebound may fizzle out as retail traders remain net-long

Australian Dollar: USD/AUD (AUD=X) rebound may fizzle out as retail traders remain net-long

Australian Dollar: USD/AUD (AUD=X) rebound may fizzle out as retail traders remain net-long The Australian Dollar suffered a precipitous decline in July and August as trade war fears, a dovish RBA and a deteriorating global growth outlook worked to weigh on the Aussie Dollar’s prospects. Concurrently, the US Dollar (via the DXY Dollar Basket) drove higher.  The diverging […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Flat, Crude Oil Up, Stocks Up Headlines Bears ease grip on most Asian currencies as trade worries fade Asian stocks at 6-wk highs as trade dispute gloom lifts before ECB meet Crude Oil gains on hopes for US-China trade dispute thaw Gold slips as trade […]

Gold Remarks $1,500 Ahead of Key ECB and FOMC Meeting

Gold Remarks $1,500 Ahead of Key ECB and FOMC Meeting

$XAU, $GLD Gold steady ahead of ECB meeting Thursday and FOMC meeting next week Gold futures remarked Key $1,500 oz Wednesday, as traders weighed President Trump’s latest Tweet calling for the Fed to cut interest rates down to Zero, ahead of the FOMC’s meeting next week. Prices for the precious Yellow metal traded between modest […]

Canadian Dollar: USD/CAD (CAD=X) Locking in Gains

Canadian Dollar: USD/CAD (CAD=X) Locking in Gains

Canadian Dollar: USD/CAD (CAD=X) Locking in Gains The Canadian dollar is consolidating its recent gains. Last week’s robust employment report may have reduced the incentive for the Bank of Canada to trim interest rates at its October meeting which underpinned the currency. Overnight, China announced it was exempting more than a dozen U.S. imports from […]

British Pound: USD/GBP (GBP=X) grinds into uptrend resistance

British Pound: USD/GBP (GBP=X) grinds into uptrend resistance

British Pound: USD/GBP (GBP=X) grinds into uptrend resistance The British Pound has rallied more than 3.4% against the US Dollar from the monthly lows with the advance taking Sterling into initial resistance targets. While the broader technical outlook remains constructive, the recent rally may be vulnerable near-term as price stalls here near fresh monthly highs. These are the updated […]

Australian Dollar: USD/AUD (AUD=X) further escalation in trade tensions could keep the downside risk elevated

Australian Dollar: USD/AUD (AUD=X) further escalation in trade tensions could keep the downside risk elevated

Australian Dollar: USD/AUD (AUD=X) further escalation in trade tensions could keep the downside risk elevated Looking at the past six months of FX movements (Fig. 1), the Australian dollar has acted as the most accurate proxy for China-related sentiment (especially on trade tensions), as demonstrated by the highest correlation with the Chinese yuan. The reasons for this relationship […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Steady, Crude Oil Up, Stocks Firm Headlines Crude Oil prices up after bigger-than-expected fall in Us stockpiles Rising bond yields support value stocks ahead of central bank meetings Gold prices snap 4-day losing streak and focus on ECB meet USD steady as traders await Thursday’s […]

Canadian Dollar: USD/CAD (CAD=X) dollar is in demand Supported by Oil

Canadian Dollar: USD/CAD (CAD=X) dollar is in demand Supported by Oil

Canadian Dollar: USD/CAD (CAD=X) dollar is in demand Supported by Oil The Canadian dollar is in demand. A steep rally in West Texas Intermediate (WTI) oil prices since the end of August has contributed to the positive bias in the domestic currency. Yesterday, Saudi Arabia’s new oil minister suggested that the Organization of the Petroleum […]

New Zealand Dollar: NZD/USD (NZD=X) technicals indicates buyer’s weakness to rally the price further

New Zealand Dollar: NZD/USD (NZD=X) technicals indicates buyer’s weakness to rally the price further

New Zealand Dollar: NZD/USD (NZD=X) technicals indicates buyer’s weakness to rally the price further From the daily chart, we notice on Friday NZD/USD rebounded then closed below the high end of current trading zone 0.6224 – 0.6438. Same thing happened on Monday, indicating to buyer’s weakness to rally the price further. Hence, NZDUSD could be […]

Japanese Yen: USD/JPY (JPY=X) Rises on BoJ Sources

Japanese Yen: USD/JPY (JPY=X) Rises on BoJ Sources

Japanese Yen: USD/JPY (JPY=X) Rises on BoJ Sources Japanese Yen weakened on the back of source reports that BoJ policymakers could be open to a debate on further monetary easing, which would entail cutting rates deeper into negative territory. Consequently, this pushed USD/JPY to session highs, before gains had been capped yet again at the 107.50 […]

Australian Dollar: USD/AUD (AUD=X) from bearish to bullish

Australian Dollar: USD/AUD (AUD=X) from bearish to bullish

Australian Dollar: USD/AUD (AUD=X) from bearish to bullish On Sep 3, AUD/USD declined to 0.6687- its lowest level in five weeks. However, in the following days the pair rallied and closed the weekly candlestick with nearly 1.7% gain. On the other hand, NZD/USD started to trade higher on Sep 4 then closed on Friday in the green with 1.8% […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Flat Crude Oil Up, Stocks Off Headlines Crude Oil hits 6-wk highs on hopes of extended OPEC output cuts Asian stocks mostly weaker on steep Chinese factory price declines Gold hits 4-wk low as stimulus hopes, trade optimism boost risk-on mode JPY, CHF fall as […]

Russia and China Buying Gold, Driving the Rally

Russia and China Buying Gold, Driving the Rally

$XAU, $GLD $USD Russia and China are stockpiling gold, helping to drive the precious Yellow metal to its highest marks in more than 6 years. The People’s Bank of China has added about 100 tonnes of gold to its reserves since December. Russia has bought 106 tonnes bullion so far this year. “They can read the […]

Australian Dollar: USD/AUD (AUD=X) Investors Eye Confidence Reports

Australian Dollar: USD/AUD (AUD=X) Investors Eye Confidence Reports

Australian Dollar: USD/AUD (AUD=X) Investors Eye Confidence Reports NAB Business Confidence will be released today, followed by Westpac Consumer Sentiment on Wednesday. As well, Chinese CPI, which will be published on Tuesday, could affect the pair. There were plenty of Australian events last week, and the Aussie responded with sharp gains of 1.6%, its strongest […]

Euro: USD/EUR (EUR=X) higher which suggests investor indecision and impending volatility

Euro: USD/EUR (EUR=X) higher which suggests investor indecision and impending volatility

Euro: USD/EUR (EUR=X) higher which suggests investor indecision and impending volatility The Euro is trading higher against the U.S. Dollar but inside last Thursday range, which suggests investor indecision and impending volatility. The single currency could remain rangebound until Thursday when the European Central Bank releases its interest rate decision and monetary policy decision. Investors […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Flat Crude Oil Up, Stocks Up Headlines Asia stocks gain as soft data lift stimulus hopes Crude Oil rises as Saudi Arabia signals OPEC cuts to continue Gold inches higher, improved risk appetite caps gains USD was capped as US yields came off 2-week highs […]

Gold, Silver and Crude Oil are in the Headlights

Gold, Silver and Crude Oil are in the Headlights

$XAU, $XAG, $OIL, $GLD, $SLV, $USO, $USD Gold: The precious Yellow metal suffered its biggest daily loss in nearly 3 years last Thursday, shedding over $40 due to the risk-on mood and positive data from the United States. While Gold is positioned for more punishment in the near term, the Southside will be capped by global growth […]

Japanese Yen: USD/JPY (JPY=X) Testing Major Retracement Zone at 106.890 to 107.463

Japanese Yen: USD/JPY (JPY=X) Testing Major Retracement Zone at 106.890 to 107.463

Japanese Yen: USD/JPY (JPY=X) Testing Major Retracement Zone at 106.890 to 107.463 The Dollar/Yen closed slightly lower on Friday, while posting an inside move. The price action suggests investor indecision and impending volatility. It also shows that traders had almost no reaction to the U.S. Non-Farm Payrolls report, probably because it is not likely to […]

New Zealand Dollar: NZD/USD (NZD=X) Strengthens Over .6466, Weakens Under .6428

New Zealand Dollar: NZD/USD (NZD=X) Strengthens Over .6466, Weakens Under .6428

New Zealand Dollar: NZD/USD (NZD=X) Strengthens Over .6466, Weakens Under .6428 The New Zealand Dollar finished higher on Friday, posting its sixth consecutive gain in the process. Traders haven’t turned bullish on the Kiwi, but they may have overdone it on the short side after posting six consecutive losing weeks. Traders still believe the Reserve […]

British Pound: USD/GBP (GBP=X) continues to show strong volatility

British Pound: USD/GBP (GBP=X) continues to show strong volatility

British Pound: USD/GBP (GBP=X) continues to show strong volatility GBP/USD continues to show strong volatility. The pair gained 1.0% last week, recovering most of the losses of the previous week. This week’s key events are GDP and wage growth. Here is an outlook for the highlights of the upcoming week and an updated technical analysis for GBP/USD. There […]

Australian Dollar: USD/AUD (AUD=X) traders continue to alleviate the grossly oversold trading conditions

Australian Dollar: USD/AUD (AUD=X) traders continue to alleviate the grossly oversold trading conditions

Australian Dollar: USD/AUD (AUD=X) traders continue to alleviate the grossly oversold trading conditions The short-covering rally in the Australian Dollar continued for a fourth session on Friday as traders continue to alleviate the grossly oversold trading conditions. Traders started easing up on the short-side of the market early last week after the release of the […]

Euro: USD/EUR (EUR=X) downtrend to probably continue

Euro: USD/EUR (EUR=X) downtrend to probably continue

Euro: USD/EUR (EUR=X) downtrend to probably continue The Euro-to-Dollar rate is trading at around 1.1024 at the start of what promises to be a busy week for the pair owing to a crucial decision at the European Central Bank. While the ECB should provide volatility on Thursday, our technical studies of the charts are showing the […]

Gold’s Price, a Fundamental Forecast

Gold’s Price, a Fundamental Forecast

$XAU, $GLD, $USD, $XAUUSD Friday, Gold saw choppy trade. The price action suggests that traders have fully priced-in the latest round of global central bank rate cuts and are now waiting to see if those cuts are having an impact on the global economy. The price action also indicates that gold may be fairly priced […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Flat Crude Oil Up, Stocks Up Headlines Crude Oil rises, set for weekly gainer Asia shares rise on trade disputes hopes .DXY Vs a basket of 6 peer currencies was little changed Investors took profits in gold Thursday Gold: Gold retreated Thursday as investors booked […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Up Crude Oil Up, Stocks Up Headlines Crude Oil prices rise after US confirms trade talks with China to re-start. Gold eases as equities gain on BREXIT, Hong Kong progress. Asian shares up as BREXIT, Hong Kong progress lifts sentiment. Trade talk plans cheer […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Steady, Crude Oil Up, Stocks Up Headlines Crude Oil prices recover some, but economic concerns weigh Asia stocks bounce, Chinese lead Gold, silver surge after weak US data compounds slowdown fears USD is being seen as a safe-haven asset Gold: Gold rose more than 1% Tuesday […]

Gold Marks Fresh 6.5-year Highs, Miners’ Stocks Rally

Gold Marks Fresh 6.5-year Highs, Miners’ Stocks Rally

$XAU, $GDX, $GLD, $HL, $NEM, $CDE, $AU, $HMY Tuesday, shares of gold miners were broadly higher in afternoon trading, as worries about escalating US-China trade tensions, data showing a surprise contraction in the US manufacturing sector and uncertainty surrounding BREXIT has helped fuel demand for safe-haven gold. The VanEck Vectors Gold Miners ETF GDX, +1.71% rallied 2.2% with 39 […]

Betting Started: President Trump Will Forge China Trade Deal

Betting Started: President Trump Will Forge China Trade Deal

$AUD, $WON, $JPY, $USO, $BAC OK, the US -China not being not having a date-certain schedule for the September trade talks yet, now is a good time for you too to start thinking about betting on a trade deal, as it has begun. “I am still reasonably optimistic,” David Woo, head of global rates and foreign […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

$DIA, $SPY, $QQQ, $RUTX, $GLD, $SLV, $USD, $VXX FlASH: Global Market Uncertainty Means Precious Metals Will Continue To Rise This level of uncertainty in the global markets will prompt a massive move in the precious metals markets as traders and investors continue to put money into precious metals as a means to hedge against fear […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Eases , USD Up, Crude Oil Mixed, Stocks Off Headlines Crude Oil prices mixed as market eyes trade dispute Gold prices ease as firmer USD weighs Stocks hurt by trade tensions USD up, GBP hurt by BREXIT uncertainty Gold: Gold prices fell Tuesday as USD gained, making the […]

Gold Miners Stocks are Shining in this Rally Too

Gold Miners Stocks are Shining in this Rally Too

$XAU, $SRM, $WMP, $CAGDF, $GOLD, $NEM Spot Gold hit new 6-year highs and is trading late Monday at $1,526.89 oz as I write this article. The precious Yellow metal has rallied in Y 2019 in part due to global economic concerns like the US-China trade dispute, record levels of negative-yielding debt globally and signs of […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Dips , USD Up, Crude Oil Up, Stocks Up Headlines Crude Oil set for biggest weekly gainer since July JPY is the best performer among major currencies this month, rising 2.2% so far. Asian shares at 1-week highs Gold: Gold extended losses Friday and was set to […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up , USD Flat, Crude Oil Off, Stocks Off Headlines Crude Oil prices drop on concern over US economy Bonds reign supreme, equities struggle on recession, BREXIT fears Gold prices marked gains Thursday against the backdrop of recession fears USD flat to unchanged Gold: The precious metal markets […]

Investors are “Going for the Gold”

Investors are “Going for the Gold”

$XAU $GLD $GDX, $GOLD, $NEM, $USD Investor doubts about the economic outlook and especially a Dovish Fed drove a gold price run in 1-H of Y 2019, sparking  burst of interest in gold investing and gold stocks. The escalating China trade dispute has provided the fuel since 1 August, and a day earlier, the Fed […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off , USD Up, Crude Oil Up, Stocks Up Headlines Crude Oil gains, led by US WTI Crude, recession worries ease JPY stands tall Gold dips, but near 6-yr highs on rate cut hopes, trade fears Asian stocks post modest gains on Wall Street futures Gold:  Gold […]

Wall Street Shares Dipped Tuesday, Gold Rallies on Recession Fear

Wall Street Shares Dipped Tuesday, Gold Rallies on Recession Fear

$DIA, $SPY, $QQQ, $RUTX, $VXX Wall Street dipped Tuesday, weighed down by financial stocks as a deepening of the Treasury yield curve inversion raised recession worries again, and uncertainty over the progress in trade negotiations between the United States and China. A deepening of the inversion in the yield curve between the 2-year and 10-year […]

Gold, Silver Up, USD Down, Safe-Haven the Focus

Gold, Silver Up, USD Down, Safe-Haven the Focus

$GLD, $SLV, $USD, $XAU, $XAG Gold rose more than 1% Tuesday as fears of a possible recession gripped investors following disappointing US economic data, while silver marked $18 for the 1st time in nearly 2 years. Spot gold was up 1% at $1,540.57 oz at 1:41p EDT (1741 GMT), US gold futures for December settled […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Flat, USD Off, Crude Oil Up, Stocks Up Headlines JPY rises as traders temper optimism over US-China trade deal Asia stocks climb as trade war fears ebb Crude Oil up as US-China trade comments calm markets Gold little changed as traders seek clarity Gold: Gold prices were largely […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Up, Crude Oil Off, Stocks Off Just in: Chinese Vice Premier Liu He said Monday that China is willing to resolve its trade dispute with the US through calm negotiations and resolutely opposes the escalation of the conflict. China’s Top trade negotiator, was speaking at […]

Gold Marks 6-Year Highs on Renewed Safe-haven Demand

Gold Marks 6-Year Highs on Renewed Safe-haven Demand

$XAU $GLD $USD Friday, gold marked fresh 6-year high after the US-China dispute intensified and Fed Chairman Powell said the US economy faces “significant risks” from slowing global growth. Gold climbed after China announced it will impose additional tariffs in retaliation for President Trump’s latest planned tariffs. President Trump then said he would respond to […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Up, Crude Oil Steady, Stocks Flat Note: Traders are also keenly waiting on the Fed’s Jackson Hole seminar and a G-7 Summit this weekend for clues on what additional steps policymakers will take to bolster growth. Headlines USD steps up before Powell, Kiwi jumps on […]

Gold Traders Kept ‘Powder Dry’ Ahead of Fed’s Jackson Hole Summit

Gold Traders Kept ‘Powder Dry’ Ahead of Fed’s Jackson Hole Summit

$XAU $GLD $USD Gold is an asset that will never produce anything, but that does not mean it will never produce a profit for investors. Gold prices moved lower Thursday and consolidated in a tight range as USD initially moved higher. This happened despite slightly better than expected EU PMI Flash numbers. The Jackson Hole […]

Canadian Dollar: USD/CAD (CAD=X) CPI indicated that the Bank of Canada could trigger central bank divergence

Canadian Dollar: USD/CAD (CAD=X) CPI indicated that the Bank of Canada could trigger central bank divergence

Canadian Dollar: USD/CAD (CAD=X) CPI indicated that the Bank of Canada could trigger central bank divergence With the strong oil prices and BOC’s likely monetary policy divergence, the USD/CAD pair drops to 1.3290 during Thursday’s Asian session. Following better than forecast Consumer Price Index (CPI) data from Canada, speculations were on the rounds that the […]

New Zealand Dollar: NZD/USD (NZD=X) continues to weaken on expectations of further rate cuts by the Reserve Bank of New Zealand

New Zealand Dollar: NZD/USD (NZD=X) continues to weaken on expectations of further rate cuts by the Reserve Bank of New Zealand

New Zealand Dollar: NZD/USD (NZD=X) continues to weaken on expectations of further rate cuts by the Reserve Bank of New Zealand The New Zealand Dollar continues to weaken on expectations of further rate cuts by the Reserve Bank of New Zealand even after central bankers shocked the markets with a surprise 50-basis point rate cut […]

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