Gold Down, But One Safe Asset is Rallying
Gold price, which jumped above $2000 an ounce a few months ago and rallied almost 22% in 2020, is now out of demand as investors moved their focus towards risker assets, including stock markets. The price of gold fell close to 6% so far this year with expectations for more drop in the days ahead.
US dollar Steady Despite Fading Stimulus Hopes, Equity and Gold Bounce Back
US dollar bounced back sharply as it's clear that no stimulus is possible ahead of the election. The deadlock between both parties’ enhanced investors focus on the safe-haven assets and dropped the confidence in risker assets including stocks and European currency.
Gold breaking out of wedge on daily Target 2000
Buyers absorb gold in the September sell down to 1,850 supported with a spike in volume but failing to drop further. A slight pull back in gold this week to 50 EMA with low volume would be a good signal to look for bullish reversals on the 4 hour or…
US Dollar Jump to Six Week High, Gold and Euro Tumble
US dollar rally gained further momentum on Wednesday as global equity markets are losing investor’s confidence due to the threat of the second coronavirus wave. The risk of fresh economic and traveling restrictions has added to the greenback value.
US dollar index Rebounds on Riskier Assets Selloff, Gold Tumbles
US dollar bounced back sharply at the beginning of this week amid a sharp drop in equities and risker currencies. The significant growth in coronavirus infections along with the threat of new lockdown and economic restrictions pushed the US dollar higher against the basket of six major currencies.
Silver in Territory For Explosive Upside and Reclaim $30
Silver ranged between $26 and $31 in January 2011, then rose for 3 months straight appreciating 76.5%. Silver currently sitting between $26 and $30 during an era filled with uncertainty and risk. Key metrics to consider is Gold has broken its All Time Highs, while silver has yet to even…
Gold To Keep Pushing Higher ?
Falling Equity Prices Equities have begun falling as markets begin to reverse price sky high valuations against realised assets and realistics growth expectations, coupled with election risks. Falling equity prices would encourage central banks to print more money (I.e Quantitative Easing), in order to support markets and the economy. Quantitative…
AUD/USD To Fill Gold Spread
AUD/USD in a correction channel approaching a level of distribution. There is every chance that the gold price will rise and meet the AUD/USD median, but there are many signs here suggesting the AUD sell down to meet with the gold fall. Key Points: 1 Hour – Price sitting at…
US Dollar Gains Extends into Seventh Straight Day, Gold and Stocks Fell Sharply
US Dollar soared robustly in the past six sessions in a row as coronavirus infections have been steadily declining over the past month. In addition, strong economic data from all over the world is adding to investor's sentiments. Some investors blame the selloff in British Pound and Euro value backed the US dollar value upside.
AUD/CAD Long Opportunity Targeting 0.95950 – Battle of the Commodity Currencies
Great risk to reward play forming on AUD/CAD with AUD looking to strengthen against the USD as the Iron Ore price strengthens and oil dropping effecting the Canadian Dollar. AUD/CAD has potential for price to break above August highs when you factor in the strong Iron Ore and Gold bull…
Dollar firm on broad data whilst Stocks continue to suffer
Asian stocks were under pressure as the sell off in US equity counterparts continued for a second day. The dollar has moved higher for the third-day in a row, temporary or the start of a new trend? US data comes in mixed but slightly more optimistic.
USD Index Lost Upside Momentum, Gold and Euro Soars
USD index retreated from one week high that it had hit on Thursday as the market analysts are still bearish over the greenbacks future fundamentals. The concerns over US economic growth and Federal Reserve’s low-interest-rate policy is among the biggest bearish factors for the USD index.
How the FED intends to support the US economy and what this means for markets
Today, Powell said that the FED would be initiating a new approach to inflation, referred to as targeted inflation. This is essentially where a central bank will target a specific inflation rate as a goal , adjusting monetary policy to gear towards this target.
US Dollar Lingers Above 93 Level, Gold Fail to Extend Bullish Moves
The US dollar index stayed above 93 levels as economic and market data has been supporting the reserve currency against the basket of major currencies. The resumption of trade talks and improving consumer price index and manufacturing data helped in enhancing trader’s sentiments on a reserve currency.