Gold Price Analysis: XAU/USD snapped 9-week winning streak, closed below $1,950
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Category: Forex
Forex News
US Dollar Price Forecast: Stimulus Deadlock, China Row Boost USD
The US Dollar may rise, buoyed by haven demand as fiscal stimulus talks stagnate and swelling tensions between Washington and Beijing sink trade talks. Read More: US Dollar Price Forecast: Stimulus Deadlock, China Row Boost USD
Gold Price Outlook: Will XAU/USD Brush off Worst Week in 5 Months?
Gold prices suffered the worst week in 5 months, is this the beginning of a new trend? The short-term outlook still seems to favor the upside on cheap global borrowing costs. Read More: Gold Price Outlook: Will XAU/USD Brush off Worst Week in 5 Months?
Week Ahead – The focus remains on COVID-19, the Fed, and Congress
US The US economic recovery depends on three factors, namely, COVID-19, the Fed, and Congress. The battle against the coronavirus in the Sunbelt is improving, but the US is still seeing the death toll rise by over 1,000 every day. The CDC forecasts nearly 189,000 US coronavirus deaths by September 5th. A big amount of […]
Market Insights Podcast (Episode 125)
Jazz FM Business Breakfast presenter Nick Howard looks back on the week’s business and markets news with OANDA Senior Market Analyst, Craig Erlam. This week they discuss this week’s markets, UK data, Brexit, China data, US failed Coronavirus relief package and the week ahead. Read More: Market Insights Podcast (Episode 125)
Warren Buffett makes a big bet on gold
Buffett bought a stake in miner Barrick Gold Warren Buffett has famously disparaged gold but evidently he’s had a change of heart. According to a Q2 13F filed today, The Oracle of Omaha added 20.9 million shares of Barrick Gold, which is the world’s second largest gold miner. He paid $563.5 million for the stake, […]
Forexlive Americas FX news wrap: Retail Sales show some strength but its still about the unknown ahead
Forex news for North American trading on August 14, 2020 . In other markets: – Spot gold is down $8.90 or 0.46% $1944.86 – Spot silver is down $1.02 or 3.73% $26.48 In the US debt market today, yields are ending the day mixed. The 30 year bond still has some digestive problems it seems after the bad auction […]
Mexico central bank member eyes U-shaped economic recovery
Read More: Mexico central bank member eyes U-shaped economic recovery
2020 Elections: Is Kamala Harris really running for co-president?
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USD/JPY Weekly Forecast: Yen bucks the trend
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AUD Forecast: Australian Dollar Vulnerable as Complacency Builds
The Australian Dollar has kept a bid alongside the slow-and-steady decline in volatility. Bulls may continue steering AUD price action higher, but the Aussie lies at risk of a bearish shift in mark… Read More: AUD Forecast: Australian Dollar Vulnerable as Complacency Builds
Crude Oil Weekly Outlook: Crude Oil Stalls Ahead of OPEC Meeting
Upside in Crude Oil struggling ahead of OPEC meeting. Cartel likely to maintain wait and see approach. Read More: Crude Oil Weekly Outlook: Crude Oil Stalls Ahead of OPEC Meeting
EUR/USD yawns as GDP slides
It has been a quiet week for EUR/USD and the pair shrugged off a double-digit decline in Eurozone GDP on Friday. Currently, EUR/USD is trading at 1.1806, down 0.06% on the day. Eurozone economy savaged by Covid-19 There was grim news on the economic front on Friday, as Eurozone GDP plunged 12.1% in the second […]
USD/CAD calm ahead of mfg. and retail sales
The Canadian dollar has gained 1.1% so far this week, but is having a very calm Friday session. USD/CAD is currently trading at 1.3235, up 0.07% on the day. We could see some movement in the North American session, with releases on both sides of the border. Canada releases manufacturing sales, while the US publishes […]
Trump to hold a news conference at 1 pm ET (1700 GMT)
Fifth day in a row for a briefing I don’t see why this one should be market moving, but you never know with Trump. Read More: Trump to hold a news conference at 1 pm ET (1700 GMT)
Will gold bulls head for the exits into the weekend?
Volatility breeds contempt It’s been a wild week for gold traders and that just might help to push them to the sidelines into the close. Keep an eye on gold at the moment as it nears the lows of the session. It’s down $13 to $1940. It’s been a quieter day but nerves are still […]
Forex – Dollar Weakens; Lack of Stimulus Continues to Weigh
Read More: Forex – Dollar Weakens; Lack of Stimulus Continues to Weigh
Longtime Bond Bull Lacy Hunt Sees One Huge Risk
Read More: Longtime Bond Bull Lacy Hunt Sees One Huge Risk
US Industrial Production: Consumer goods recovery well underway – Wells Fargo
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AUD/USD climbs to daily highs near 0.7170, turns flat for the week
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GBP/USD, USDJPY & More – USD Charts For Next Week
The US Dollar continues to work on a sideways move in general that could lead to more weakness; USD/JPY bucking that trend while GBP/USD highlights it. Read More: GBP/USD, USDJPY & More – USD Charts For Next Week
Nasdaq 100 Index Falls on Consumer Sentiment Report
The University of Michigan's Consumer Sentiment report printed 72.8 on Friday morning, sending the Nasdaq 100 index lower as consumer expectations remain downbeat in the current economic landscape … Read More: Nasdaq 100 Index Falls on Consumer Sentiment Report
Mid-Market Update: The Recovery Continues, Claims dip below 1 million, Oil softens, UAE/Israel historic deal, Gold’s tentative rebound
US stocks edged closer to record high territory after jobless claims fell below the 1 million level for the first time since March and after House Speaker Pelosi signaled she is willing to negotiate, offering they restart talks with a $2 trillion stimulus package and that they negotiate how to spend it. The economy is […]
Goldman Sachs' 7 market risks, and the 1 set to drive stocks higher
From Goldman Sachs’ daily look at global markets, in summary: GS nominate the coronavirus risk along with 6 other global macro risks: – funding, – liquidity, The bank note recovery has been seen in many since March and April nadirs, with broad improvement in all seven primary risks since April. Read More: Goldman Sachs' 7 […]
Germany reports 1,449 new coronavirus cases in latest update today
The cases are starting to build again in Germany The daily count today is the highest in three months, with active cases now approaching the 12,000 mark. For some context, Germany managed to get the number of active cases down to just under 5,000 at one point during the middle of July. Read More: Germany […]
Pound Domination Against Dollar to Continue Despite Rising No-Deal Brexit Risk
Read More: Pound Domination Against Dollar to Continue Despite Rising No-Deal Brexit Risk
Dollar drifts higher as coronavirus, China data sap confidence
Read More: Dollar drifts higher as coronavirus, China data sap confidence
S&P 500 Price Analysis: Hourly chart suggests scope for pullback
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Gold Price Forecast: Bull-bear tug-of-war to extend ahead of US Retail Sales
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Dow Jones Hits Key Resistance, Nikkei 225 Clears its Own. Dax 30 Ranges
The Dow Jones Industrial Average tested a key resistance at 28,000 but failed to break through. Germany’s Dax fell 0.5% to just below 13,000. Read More: Dow Jones Hits Key Resistance, Nikkei 225 Clears its Own. Dax 30 Ranges