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Investing.com6 hours ago
Gold Prices Flat as Investors Await Further Sino-U.S. Trade Development
Investing.com - Gold prices traded near flat on Friday in Asia as investors awaited further news on trade talks for signs of a resolution in the U.S.-China dispute.
Investing.com8 hours ago
Yuan Falls After GDP Data; Pound Flat as May Prepares to Reveal “Plan B”
Investing.com - The Chinese yuan fell on Monday in Asia after data showed China’s GDP slowed in the fourth quarter.
FX Empire21 hours ago
Price of Gold Fundamental Weekly Forecast – Sudden Strength in Dollar Pressuring Gold Prices
This week, the price action in gold will continue to be driven by the movement in U.S. Treasury yields and appetite for risk. Rising yields and stock prices should dampen demand for gold. Technically, traders may try to pressure sell stops under the recent low at $1278.10. If successful, they could trigger a break into $1268.50. All bets will off for a steep break if buyers can recapture $1289.20.
FX Empire22 hours ago
AUD/USD and NZD/USD Fundamental Weekly Forecast – Pressured by Rising U.S. Treasury Yields, Domestic Concerns
The tone changed from short-term bullish to short-term bearish last week when U.S. Treasury yields started to rise. This helped make the U.S. Dollar a more attractive investment. Yields are being boosted by increased demand for risky assets tied to the optimism over the positive developments in the trade talks between the United States and China.
FX Empire23 hours ago
USD/JPY Fundamental Weekly Forecast – Rising Yields, Increased Risk Appetite Underpinning Dollar/Yen
This week, the price action in the USD/JPY will continue to be driven by the movement in U.S. Treasury yields and appetite for risk. Investors are likely to continue to focus on events regarding U.S.-China trade negotiations although we may see some increased concerns over the partial U.S. government shutdown.
FX Empireyesterday
Gold Price Futures (GC) Technical Analysis – Strengthens Over $1289.30, Weakens Under $1285.70
Based on Friday’s price action, the direction of the February Comex gold futures contract on Monday is likely to be determined by trader reaction to the major 50% level at $1285.70.
Investing.comyesterday
Gold / Silver / Copper Prices - Weekly Outlook: January 21 -25
Investing.com - This week precious metals traders will be monitoring trade talks for signs of a resolution in the U.S.-China trade dispute, while concerns over the economic impact of the U.S. government shutdown and uncertainty over Brexit will also remain in focus.
Investing.comyesterday
Weekly Outlook: January 21 -25
Investing.com - This week investors will be continuing to monitor U.S.-China trade negotiations for signs of progress, while the ongoing government shutdown continues to delay some key U.S. economic reports.
FX Empireyesterday
AUD/USD Forex Technical Analysis – Rally Losing Upside Momentum, Could Break Sharply Under .7146
Based on last week’s price action and Friday’s close at .7165, the direction of the AUD/USD on Monday is likely to be determined by trader reaction to the main Fibonacci level at .7153.
FX Empireyesterday
The Week Ahead – Brexit, the ECB, China GDP Numbers and Trade in Focus
It’s not just China’s economy that the markets are concerned with. An end to the government shutdown and more progress on trade talks is needed.
FX Empireyesterday
NZD/USD Forex Technical Analysis – Headed into Minor Retracement Zone at .6720 to .6690
Based on the price action on Thursday and Friday, the direction of the NZD/USD on Monday is likely to be determined by trader reaction to the main 50% level at .6781.
FX Empireyesterday
Trump’s Plan to End Shutdown Rejected; GDP Could Lose as Much as Half Percentage Point
The Trump administration said that new estimates show the cost of the government shutdown will be twice as steep as originally forecast. The original estimate showed that the partial shutdown would subtract 0.1 percentage points from growth every two weeks. That estimate has now been doubled to a 0.1 percentage point subtraction every week.
FX Empireyesterday
USD/JPY Forex Technical Analysis – Testing Short-Term Retracement Zone; Strengthens Over 110.452, Weakens Under 109.445
Based on Friday’s close at 109.706, the direction of the USD/JPY on Monday is likely to be determined by trader reaction to the 50% level at 109.445.
FX Empireyesterday
EUR/USD Forex Technical Analysis – Drops on Treasury Yield Rise
The daily swing chart indicates downside pressure as long as the EUR/USD remains on the bearish side of the Fibonacci level at 1.1409.
FX Empire2 days ago
Treasury Yields Jump on China Proposal, Trump Will Make ‘Major” Announcement on Saturday
Late Friday, President Donald Trump said he will make a “major” announcement on Saturday about the border and ongoing government shutdown. China offers to increase its annual import of U.S. goods by a combined value of over $1 trillion.
FX Empire2 days ago
Increased Risk Appetite Strengthens Crude, Weakens Gold; Natural Gas Bulls Betting on Cold Blast
U.S. West Texas Intermediate and international-benchmark Brent crude oil hit their highest levels since December 7 on Friday, led by another day of stock market gains, and a report that China has offered a plan to erase its trade surplus with the United States. The news about China drove up demand for risky assets with stocks hitting their highest levels in more than month. This encouraged investors to shed their long positions in safe-haven gold. The overall price action in natural gas last week suggests investor indecision, but that can be expected during a weather market.
MarketWatch2 days ago
Bitcoin prices muted but volatility is on the rise, says Cboe analyst
Bitcoin prices are trading mostly unchanged on Friday, continuing what’s been a quiet week for the best-known cryptocurrency.
MarketWatch2 days ago
Dollar on track to post first weekly gain since mid-December
The U.S. dollar strengthens across the board as investors remained optimistic on U.S.-China trade talks, putting the greenback on track to finish the week in the green for the first time since mid-December.
FX Empire2 days ago
Stocks Rally, Gold Breaks as Reports Say China Offered U.S. Import Boost
Bloomberg news is saying that Chinese officials made the offer during the mid-level trade talks earlier in the month. Furthermore, China offered to increase its annual import of U.S. goods by a combined value of over $1 trillion, the officials told Bloomberg, which was the first to report on the import boost offer.
FX Empire3 days ago
Gold Weekly Price Forecast – Gold markets pulled back
The Gold markets pulled back a bit during the week, forming a somewhat negative looking candle stick in the face of the $1300 resistance barrier. I think at this point, if we can break above the $1300 level we will see quite bullish pressure.
FX Empire3 days ago
USD/JPY Weekly Price Forecast – US dollar rallies against Japanese yen
The US dollar rallied a bit during the week, breaking above the top of the previous week which of course is a very bullish sign. However, I think there is plenty of resistance just above just waiting to get involved, showing signs of exhaustion will attract a lot of attention.
FX Empire3 days ago
GBP/USD Weekly Price Forecast – British pound has eventful week
The British pound fell significantly to kick off the week but found enough support at the 1.27 level to turn around and bounce rather drastically. This is a very interesting turn of events, and I think we are in fact looking at a potential opportunity.
FX Empire3 days ago
GBP/JPY Weekly Price Forecast – British pound find buyers
The British pound rallied significantly during the week after the vote on the Brexit, and hopes appearing that perhaps the Brexit will be delayed. This is short-term positive for the British pound, so obviously it carried over in this market as well.
FX Empire3 days ago
EUR/USD Weekly Price Forecast – Euro pulls back for the week
The Euro pulled back a bit during the week, reaching towards the 1.1380 level. However, I do see a lot of support underneath and it’s possible that we will continue to see a lot of volatility. That being the case, it does look as if we are trying to form a bit of a rounded bottom.
FX Empire3 days ago
AUD/USD Weekly Price Forecast – Australian dollar quiet for the week
The Australian dollar went back and forth during the week, testing the area just below the 0.7250 level. This is an area that of course is important as we have seen more than once, and with all of the headlines out there it’s not surprising that we continue to see a bit of hesitation.