• Gold / Silver / Copper Prices - Weekly Outlook: July 23 - 27
    Investing.com5 hours ago

    Gold / Silver / Copper Prices - Weekly Outlook: July 23 - 27

    Investing.com - Metals traders will remain focused on the dollar this week after comments by U.S. President Donald Trump on interest rates stalled a rally in the greenback on Friday, offering some relief to gold, which recovered from one-year lows.

  • Weekly Outlook: July 23 - July 27
    Investing.com6 hours ago

    Weekly Outlook: July 23 - July 27

    Investing.com - This week, investors will have a chance to see how the U.S. economy performed in the second quarter. Friday’s GDP report is expected to show that the economy rebounded in the three months to June, boosted by an increase in consumer spending.

  • Price of Gold Fundamental Weekly Forecast – Plunge in Dollar Could Be Catalyst for Price Surge
    FX Empire10 hours ago

    Price of Gold Fundamental Weekly Forecast – Plunge in Dollar Could Be Catalyst for Price Surge

    This week’s price action in gold will once again be dictated by the direction of the U.S. Dollar. While rising Treasury yields could boost the dollar, additional tweets or comments from President Trump on monetary policy or tariffs on China could limit the dollar’s gains or even drive it lower. This would be supportive for gold prices.

  • The Week Ahead – Trade in Focus, with Draghi and Juncker in the Spotlight
    FX Empire13 hours ago

    The Week Ahead – Trade in Focus, with Draghi and Juncker in the Spotlight

    Another big week ahead, U.S earnings, 2nd quarter GDP numbers, Trade wars and ECB monetary policy all in focus.

  • U.S. Dollar: What Powell Giveth, Trump Taketh Away; Yuan Plunges Amid Accusation of Manipulation
    FX Empire14 hours ago

    U.S. Dollar: What Powell Giveth, Trump Taketh Away; Yuan Plunges Amid Accusation of Manipulation

    A bullish tone for the U.S. Dollar was set early in the week by hawkish testimony from Fed Chair Jerome Powell. President Trump’s comments topped the dollar and led to additional selling pressure that turned the Greenback lower for the week against a basket of currencies. The People’s Bank of China set the dollar’s reference rate at 6.7671 yuan, steering the currency 0.9 percent lower and weakening it the most in two years.The Australian Dollar finished slightly lower against the U.S. Dollar last week, but was supported by better than expected Employment Change data.

  • Whip-Sawed U.S. Dollar Fuels Commodity Market Volatility
    FX Empire15 hours ago

    Whip-Sawed U.S. Dollar Fuels Commodity Market Volatility

    During the upcoming week, investors should watch to see if a few of the counter-trend rallies continue especially in the dollar-denominated markets like gold and crude oil.

  • Gold Price Futures (GC) Technical Analysis – Trading on Weak Side of Long-Term Fib Level at $1250.00
    FX Empireyesterday

    Gold Price Futures (GC) Technical Analysis – Trading on Weak Side of Long-Term Fib Level at $1250.00

    Based on last week’s close at $1240.40, the direction of the December Comex Gold this week will be determined by trader reaction to the long-term, uptrending Gann angle at $1245.00.

  • AUD/USD Forex Technical Analysis – Move Through .7484 Changes Minor Trend to Up
    FX Empireyesterday

    AUD/USD Forex Technical Analysis – Move Through .7484 Changes Minor Trend to Up

    Based on last week’s close at .7418, the direction of the AUD/USD this week will be determined by trader reaction to a pair of Gann angles at .7397 and .7430. The main trend is down according to the weekly swing chart. However, momentum has been trying to shift to the upside since the formation of the closing price reversal bottom at .7310 the week-ending July 6.

  • Gold Weekly Price Forecast – Gold markets looking for support
    FX Empire2 days ago

    Gold Weekly Price Forecast – Gold markets looking for support

    Gold markets spent the majority of the week falling but got a bit of a reprieve on Friday as Donald Trump suggested that interest rates in the United States should remain low, and perhaps rate hikes should be on hold. Of course, he doesn’t have that power so the market reacting the way it has on Friday is a bit of a head scratcher.

  • USD/JPY Weekly Price Forecast – dollar rallies towards ¥113, but then rolls over
    FX Empire2 days ago

    USD/JPY Weekly Price Forecast – dollar rallies towards ¥113, but then rolls over

    The US dollar rallied quite a bit during the week, reaching towards the ¥113 level before rolling over. The market found a significant amount of supply in that area, as was seen at the beginning of the year. I believe that the market needed to pull back anyway, it had gotten ahead of itself.

  • GBP/USD Weekly Price Forecast – Sterling finds support
    FX Empire2 days ago

    GBP/USD Weekly Price Forecast – Sterling finds support

    The British pound fell initially during the week, reaching below the 1.30 level. However, we have turned around of form a bit of a hammer again, showing just how important this level is. I think that the 1.30 level will continue to be an area where value hunters are willing to step in, and at this point one has to wonder who is left to sell this thing?

  • GBP/JPY Weekly Price Forecast – Sterling falls but has support underneath
    FX Empire2 days ago

    GBP/JPY Weekly Price Forecast – Sterling falls but has support underneath

    The British pound fell during the bulk of the week, in terms of Japanese yen. However, there seems to be a significant amount of support just below in the form of the ¥145 level, and we most certainly have not broken below there.

  • EUR/USD Weekly Price Forecast – Euro finds support again
    FX Empire2 days ago

    EUR/USD Weekly Price Forecast – Euro finds support again

    The EUR/USD pair spent most of the week falling, but early during the Friday session in New York, President Donald Trump tweeted that he wanted to persuade the Federal Reserve to keep interest rates low. Ultimately, this caused a major surge in the value of the Euro, turning around to form a bit of a hammer.

  • AUD/USD Weekly Price Forecast – Aussie bounces yet again
    FX Empire2 days ago

    AUD/USD Weekly Price Forecast – Aussie bounces yet again

    The Australian dollar spent most of the week soft but found enough support to turn around of form a hammer yet again. As you can see on the weekly chart, there have been multiple hammers over the last couple of weeks, so it’s obvious to me that there is a massive amount of support just below.

  • Gold Price Forecast – Gold markets rally after Trump comments
    FX Empire2 days ago

    Gold Price Forecast – Gold markets rally after Trump comments

    Gold markets rally during the trading session on Friday, breaking towards the $1230 level before running into a bit of resistance. The market had been oversold to begin with, so when Donald Trump suggested that interest rates in America needed to stay lower, that sparked a US dollar selloff.

  • USD/JPY Price Forecast – Trump dumps the dollar
    FX Empire2 days ago

    USD/JPY Price Forecast – Trump dumps the dollar

    The US dollar fell off a cliff during early trading on Friday in the United States, as President Donald Trump suggested that other currencies around the world were far too cheap and that while the United States was raising interest rates, they were keeping interest rates far too low. Traders saw this as an opportunity to sell the US dollar, as perhaps a sign that he would keep interest rates from rising. Here’s a hint: he doesn’t have that power.

  • GBP/USD Price Forecast – Sterling takes off after Trump comments
    FX Empire2 days ago

    GBP/USD Price Forecast – Sterling takes off after Trump comments

    The GBP/USD pair rallied rather significantly during the trading session on Friday, reaching towards a critical supply area near the 1.3075 handle after Donald Trump tweeted that the US dollar was being unfairly strengthened as interest rates around the world it remained far too low. For some reason, market participants read this as a sign that interest rates were going to be put on hold in the United States. The funny thing is, he doesn’t have that power and just ½ an hour before one of the Federal Reserve governors reiterated the need to continue to raise rates.

  • GBP/JPY Price Forecast – Sterling finds support
    FX Empire2 days ago

    GBP/JPY Price Forecast – Sterling finds support

    The British pound fell again during the day on Friday in the Japanese yen terms, as we reached towards a significant support area in the form of ¥146 and uptrend line. At this point, I think that we are trying to build up enough momentum to bounce, but I also recognize how precarious the situation could be.

  • EUR/USD Price Forecast – Euro explodes to the upside after Trump comments
    FX Empire2 days ago

    EUR/USD Price Forecast – Euro explodes to the upside after Trump comments

    The EUR/USD pair was having a fairly quiet Friday, that was until President Donald Trump tweeted that the US dollar was being unfairly strengthened due to soft economic policy by the EU, Japan, and many other countries. Ultimately, I find this a bit ironic, considering that he doesn’t have the power to change monetary policy.

  • AUD/USD Price Forecast – Australian dollar jumps on Trump comments
    FX Empire2 days ago

    AUD/USD Price Forecast – Australian dollar jumps on Trump comments

    The Australian dollar jumped during the trading session on Friday, after finding support yet again near the 0.7325 handle. Beyond that, President Trump tweeted that he thought of the central banks around the world were taken advantage of keeping interest rates lower while the United States continue to raise theirs. Traders around the world thought this was a signal the perhaps we were stepping away from interest rate hikes at the Federal Reserve, something that the President has no control over.

  • Metal Prices Up as Dollar Dashes Lower
    Investing.com2 days ago

    Metal Prices Up as Dollar Dashes Lower

    Investing.com – Metal prices were higher Friday as the dollar moved sharply lower after President Donald Trump said higher interest rates and the strength of the greenback were hampering economic growth.

  • An intraday downturn is putting a bitcoin win streak at risk
    MarketWatch2 days ago

    An intraday downturn is putting a bitcoin win streak at risk

    Bitcoin’s revival hit a speed bump Friday afternoon as the No. 1 digital currency turned lower, putting a milestone in jeopardy.

  • Gold Price Prediction – Gold Rebounds Following Trump Commentary on the Dollar and Rates
    FX Empire2 days ago

    Gold Price Prediction – Gold Rebounds Following Trump Commentary on the Dollar and Rates

    The dollar moved lower following commentary from President Donald Trump who did and interview and a follow up tweet describing his displeasure with the rise in interest rates, along with the rise in the dollar. This helped gold prices gain a foot hold and move higher. Gold prices were unable to take out the prior days lows and has generate a reversal pattern that could test higher prices.

  • Dollar Slumps on Trump Trade Comments
    Investing.com2 days ago

    Dollar Slumps on Trump Trade Comments

    Elsewhere, the Australian dollar was higher, with AUD/USD up 0.83% at 0.7416, while NZD/USD rose 0.85% to 0.6801. The loonie was higher against the greenback, with USD/CAD down 1.11% to 1.3125.

  • Gold Rises as Trump Criticizes Fed
    Investing.com2 days ago

    Gold Rises as Trump Criticizes Fed

    Gold prices rose on Friday as U.S. President Donald Trump criticized the Federal Reserve for increasing interest rates. Comex gold futures for August delivery rose 0.47% to $1,229.70 a troy ounce as of 10:29 AM ET (14:29 GMT). Trump said in an interview on CNBC that he does not approve of how the Fed is approaching monetary policy.