Tag: FXStreet

Update: Gold struggles to extend the strongest rebound in three months near $1,750 during a subdued start to Thursday’s Asian session. Gold rose the previous day as the US Consumer Price Index down for the first time in four days, despite initially refreshing multi-day top. After suffering heavy losses at the start of the week, […]

Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned […]

The US Dollar Index extends its movement in the upward trajectory following the upbeat US labor report, which showed nonfarm payrolls rose to 943K, beating the market expectations of an 870K increase. Gold breaks the choppy range surrounding $1,760, taking offers around $1,755, during the initial Asian session on Monday, after declining the most since […]

In the run-up to the US Nonfarm Payrolls showdown this Friday, gold is extending the previous declines, flirting with the key $1800 level. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. If not […]

The US Bureau of Labor Statistics announced that Nonfarm Payrolls in the US rose by 943,000 in July, compared to analysts’ estimate of 870,000. Commenting on the data, “with these figures, has the US economy made “substantial further progress? That is the term the all-powerful Federal Reserve set for withdrawing stimulus. With this recent decline, […]

”The data was at odds with record numbers of jobs vacancies and we’d be cautious in reading too much into the number ahead of Friday’s payrolls data. After moving up and down in a relatively narrow range above $1,800 and closing flat on Monday and Tuesday, the XAU/USD pair gained traction and jumped to a […]

Update: Gold traded with a mild negative bias around the $1,825 region, or daily lows, during the early North American session, albeit lacked any follow-through selling. The downside, however, remains cushioned, at least for the time being, amid signs that the Fed will wait a bit longer before slowing its massive monetary support. Previous update: Gold […]

Update: Gold prints the heaviest daily gain in 11 weeks, despite recently easing from the monthly top, by the end of Thursday’s North American trading session. After the Fed’s resistance to discuss tapering, downbeat US Gross Domestic Product figures for Q2 and other US data justified the need for tapering and propelled market sentiment. After […]

The prices were gained for the third straight session on weaker US Dollar and signal by the US Fed that taper could be delayed as there is still a long way to substantial progress. The yellow metal crossed 200-DMA for the first time since mid-July the previous day on the market’s risk-on mood. Australia’s New […]

The yellow metal showed no major reaction to the Federal Open Market Committee statement. Moving on, gold traders will keep their eyes on the preliminary readings of US Q2 GDP, expected 8.6% annualized versus 6.4% prior, for fresh impulse. Markets and instruments profiled on this page are for informational purposes only and should not in […]

“Gold is defending the 50-Simple Moving Average at $1812 for now but remains at a risk of additional downside. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. If not otherwise explicitly mentioned in […]

The yellow metal’s recent run-up likely takes clues from the risk-off mood and breached the key 200-DMA hurdle the previous day, opening the gate for the further upside to another important technical resistance. That said, the DXY gained 0.21% on Thursday, after posting the heaviest losses in over a week the day before yesterday. Also, […]

”The shifting focus of markets saw commodities endure a rollercoaster ride last week. The FXS Technical Confluences Detector is an in-house tool, developed by FXStreet experts, that allows you to identify those price levels where congestion of indicators like moving averages, Fibonacci levels, Pivot Points occurs. Markets and instruments profiled on this page are for informational […]

“If you’re a bullion investor,” I wrote at the time, “you can buy the stuff now without fear or qualm.” Had you taken this advice, you’d have gotten aboard just in time to get smashed in the head, since gold was about to have its worst week in six months. And for two, there had […]

As gold plunged back into the $1,770s/oz range in the days immediately after the June FOMC economic projections were released, the market delivered a sobering reminder to investors and analysts that the path to new highs is almost never a smooth one. “So far treasury markets don’t seem to be worried about out of control […]

Update:  Gold is perking up as we move through the Asian session and mid-day markets in Sydney while the greenback wobbles to the lows of the day as measured by the DXY. Update: Gold woes and upbeat statistics, could be held responsible for gold’s earlier downside. It’s worth noting that worsening covid conditions in Asia-Pacific may exert […]