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Two trades to watch: FTSE Gold
FTSE rises after GDP is revised higher. Gold rises ahead of core PCE.
European Open: EUR/USD stalls at resistance ahead of US inflation
EUR/USD has rallied as part of a 3-wave countertrend move, but with key inflation from the US on tap we’re watching prices around a key resistance cluster.
European Open: Futures point higher, FTSE prints reversal at support
The FTSE 100 has produced a bullish hammer at the support level of a multi-month range, and futures point to a positive open for the index.
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Gold shines as yields plunge on BoE intervention
BoE will temporarily carry out purchases of long-dated UK government bonds at an “urgent pace,” and on “whatever scale” necessary to restore orderly market conditions.
Technical Tuesday: Nasdaq, WTI, GOLD and USD/CNH
In this week’s edition, we are getting technical on the Nasdaq, WTI, gold and USD/CNH.
Two trades to watch: Gold, GBP/USD
Gold rises with Fed speakers & US data in focus. GBP/USD bounces from record low.
Commitment of traders report (COT): Traders flipped to net-long euro
Despite negative sentiment, weak data and an energy crisis wreaking havoc for Europe, traders decided they wanted to be net-long euro futures ahead of the FOMC meeting.
Gold falls below $1650 as US Dollar soars
Recession fears are causing both GBP/USD and EUR/USD to move lower. As a result, the US Dollar is moving higher. This leaves traders nervous to buy the dip in Gold as it moves to its lowest level since April 2020.
Nothing changes for gold, stocks as yields resume higher
Bearish trend persist for indices and metals as investors watch yields continue to rise following a flurry of central bank action this week.
Two trades to watch: Gold, EUR/GBP
Gold awaits the Fed announcement. EUR/GBP falls on Putin’s threats, UK government borrowing rises.
Gold wrap: Spot gold breaks key level (yet gold futures hesitate)
Spot gold prices crashed through the 2021 low and the backdrop assumes it could move lower still. Yet over the near-term we’ll watch gold futures for directional clues.
Stocks, cryptos and metal plunge
Rising interest rate expectations and fears over recession continue to weigh on sentiment
Gold breaks down
In an environment of rising interest rates around the world, investors continue to dislike assets that have little or no yield
3 Trades to watch for today’s US inflation report: (EUR, Gold, Nasdaq)
Today's US inflation report is a key event this week for traders, who are placing bets that it will soften ahead of the report to send equities higher and the US dollar lower.
Silver outshines gold as dollar slips
Compared to gold, silver has managed to rise very strongly on the session, up more than 5% so far.
Is the South African Rand pointing to a new low in Gold?
The South African Rand and Gold have a strong positive correlation. Therefore, when one of these assets moves in one direction, the other asset is likely to follow in the same direction.
Two trades to watch: EUR/GBP, Gold
ECB rate decision & Truss' energy support package in focus. Gold awaits Powell.
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Gold bears eyes break of $1700 as dollar and yields surge
precious metal looks heavy amid aggressive rate hike expectations
Gold and the trap door Part III
Gold has spent the past two- and a-bit years trading in a wide range between $1670 and $2070.
Two trades to watch: Gold, FTSE
Gold falls to a 6-week low on aggressive central bank bets rise. The FTSE falls to a 6-week low as Chinese manufacturing activity contracts
Risk of higher rate hikes send Gold lower; XAU/USD
If the Fed does hike rates and is hawkish at its next meeting, will Gold finally break through 1670, which it has tested numerous times?
Gold wrap: Can the US dollar give gold bugs a break?
With the US dollar index stalling below key resistance and a market-based measure of inflation expectations rising, we’re on the lookout for a countertrend rally on gold.
Two trades to watch: Gold, DAX
Gold slips ahead of Powell’s speech. DAX rises despite consumer confidence hitting a record low.