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Investing.com – Gold prices edged higher as the dollar continued to lose ground on Thursday, hours after the U.S. Federal Reserve moved to raise interest rates and China followed suit.
We could see some profit-taking as crude oil approaches the pair of tops at $65.63 and $66.02. However, this is normal and shouldn’t be a major concern unless it turns the market lower for the session.
Based on the current price action and possible closing price reversal bottom, traders should brace for volatility and a possible two-sided trade.
The Australian Dollar is not a complicated currency to trade at this time. The fundamentals are bearish with the Fed set to raise interest rates and the Reserve Bank of Australia in no hurry to hike its benchmark rate.
The following originally appeared on Blue Line Futures . For specific technical levels, sign up for a free trial. E-mini S&P (June) Yesterday’s close: Settled at 2723.50 Fundamentals : U.S equity indices ...
Gold (XAU/USD) could drop to $1,286 (ascending weekly 50-MA) if the Fed revises higher its neutral rate. The options market is bearish on gold The XAU/USD one-month 25 delta risk reversals are being paid ...
The prospects of an interest rate hike this week has left Gold wobbly and vulnerable. The metal rallied slightly on Tuesday as stocks dropped across the board, and continues to extend its gains on Wednesday ahead of the Fed meeting.
Retail investors believe that President Trump and his policies are a good reason to invest in stocks, again. Money flowed into stock funds and ETFs in the last week, surpassing the prior record that was ...
Based on the early price action, the direction of the index the rest of the session is likely to be determined by trader reaction to the Fibonacci level at 6881.75.
Pan American Silver (PAAS) stock has outperformed its peers (SIL) as well as silver prices (SLV) YTD (year-to-date). PAAS has fallen 1.4% YTD, and SLV and SIL have fallen 3.8% and 8.1%, respectively, YTD as of March 16, 2018. PAAS’s strong operational performance in 2017 is the major reason behind the stock’s outperformance.
Global equities have turned cautious in Europe before the U.S Federal Reserve’s FOMC Statement and Press Conference.
A digital revolution is reshaping India's $34 billion gold market, with smartphones, e-wallets and flexible investment schemes drawing new buyers into a business dominated by traditional, face-to-face transactions. Digital payment systems have ballooned in popularity in India since the government scrapped large-value bank notes in 2016. Among these offerings are applications that enable smartphone users to buy, sell or store gold - even in small amounts - kept in secured vaults operated by MMTC-PAMP India Pvt Ltd, a joint venture between MMTC Ltd, the largest national trading firm, and Swiss gold refiner PAMP.
Investing.com - Gold prices moved higher on Wednesday, as sentiment on the greenback weakened ahead of the Federal Reserve monetary policy decision due later in the day.
The alt coins had a mixed session on Tuesday, as we continue to see crypto currencies trying to build up momentum to break out to the upside. While we have not done that yet, it certainly looks as if we are trying to build up the proper momentum.
Higher U.S. interest rates tend to be bearish for gold prices because they raise bond yields, reducing the appeal for the non-yielding asset.
Investors will also be looking for clues from the central bank on its outlook for the U.S. economy and how many interest rate increases we may see to prevent the economy from overheating.
Investing.com – Gold prices rebounded from session lows but remained under pressure as the dollar and U.S. bond yields advanced on expectations that the Federal Reserve was set to hike rates for the first time this year.
Crypto funds’ susceptibility to hacking and theft is a major concern in the industry. Over $8 billion in bitcoin have been stolen from exchanges since 2011, Reuters has found. So it’s not surprising that a high-security device for storing cryptocurrencies has sold over a million units. But it contained a vulnerability, a security researcher has…
Based on the downside momentum into the close, we’re anticipating further weakness. Short-sellers are hoping the market remains under $3.0465.
Gold prices moved lower, ahead of the Fed’s monetary policy meeting, and initially tested resistance which was the former breakdown level which coincides with the 10-day moving average at 1,320. Support on the yellow metal is seen near the February lows at 1,302. Momentum has turned negative as the MACD (moving average convergence divergence) index recently generated a crossover sell signal. The MACD histogram is printing in the red with a downward sloping trajectory which points to lower prices. FOMC Forecast revisions, to be released Wednesday in conjunction with the FOMC statement, should reveal big boosts in the 2017 GDP estimates, alongside modest upward tweaks in the 2018 PCE chain price estimates and small trimmings in the jobless rate estimates across the forecast horizon.
Based on the early price action, the direction of the index into the close is likely to be determined by trader reaction to the Fibonacci level at 6881.75.
Investing.com – Wall Street was higher on Tuesday as investors looked ahead to the interest rate decision from the Federal Reserve and shrugged off trade war concerns.The S&P 500 was up nine points or 0.36% to 2,722.58 as of 9:46 AM ET (13:46 GMT) while the Dow composite increased 136 points or 0.55% to 24,747.27, and tech heavy NASDAQ Composite rose 31 points or 0.43% to 7,375.99.Investors are looking ahead to Wednesday, when the Federal Reserve delivers its interest rate decision after the end of a two day meeting that begins on Tuesday. ...
Investing.com - Natural gas futures were little changed on Tuesday, holding near their lowest levels in almost three weeks, amid speculation the end of the winter heating season will bring warmer temperatures throughout the U.S. and cut into demand for the fuel.
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