#Gold

The dollar wallowed near three-year lows on Friday as heightened fears of a U.S. government shutdown unnerved investors, while U.S. Treasury yields continued an upward march to hit their highest levels since September 2014.Legislation to stave off an imminent federal government shutdown encountered obstacles...
NAB Technical Strategy Research discusses Gold technical outlook and notes that the Weekly MACD and DMI have produced prominent bullish triggers in December / January and confirm a sustainable MT uptrend bias.Trend line dating back to 2013 highlights interim resistance at 1350/1355.A monthly close above...
Gold has been growing up steadily this year. By mid January, the yellow metal is at $1344.30, adding 0.7% to its price. Gold started growing in mid December and is moving ahead quite firmly in the lights of the weakening US dollar.The market does...
Precious metals traded in the green on Friday as German coalition talks reached a breakthrough and European Central Bank indicated a possible scaling back of its massive monetary stimulus program.Spot gold hit its highest price since September, adding 0.64% to change hands for $1,330.59...
Headline nonsenseThe advent of headline reading robots is changing the marketplace and likely causing capital market traders to react first and check later (fact-finding) for fear of missing out. So with the volumes of spurious headlines over the last 24-48 hours, the challenges now...
Gold prices edged up on Thursday, after touching their highest since September in the previous session, buoyed as a rally in equities appeared to falter.Spot gold was up 0.1 percent at $1,317.93 an ounce by 0655 GMT. On Wednesday, it marked its lowest since...
Stocks in Europe look set for a mostly weaker open on Tuesday following a more muted session on Wall Street.The FTSE 100 looks set for a positive open as UK markets look past PM Theresa May’s botched cabinet reshuffle. Bullish moves in commodities are...
Gold prices edged down on Wednesday after hitting a 3-1/2-month high, as the dollar recovered from its lows and technical indicators pointed to a short-term correction.Spot gold fell 0.4 percent to $1,312.35 an ounce at 0257 GMT. The precious metal earlier hit $1,321.33, its...
Oil outlook: OPEC-US tug-o-warOil enters 2018 on a far firmer footing than it began 2017. Brent crude futures have risen beyond $62 and held the bulk of their gains following the rally since June’s trough. WTI crude has risen to above $56.Both benchmarks are...
Gold crumples again overnight as Bitcoin futures start trading, setting the scene for lower levels.I suspect it is no coincidence that the day that Bitcoin futures officially started trading, gold prices dropped in an otherwise sideways overnight session in most markets. The Commitment of...
Gold prices continued lower as expected, weighed down by an apparent upshift in Fed rate hike timing expectations. The yellow metal fell and the US Dollar traded higher while the spread between 5- and 2-year Treasury bond yields narrowed. Tellingly, this also coincided with a rise in the...
The still heavy long positioning in the U.S. precious metals futures are about to have their metals tested if the charts are anything to go by.GoldLong-suffering bullish gold traders had more reason to worry overnight, as they looked up into the sky and saw the...
Talking PointsGold traders await FOMC minutes Oil at its highest point since July 2015Gold  Gold still stuck in a consolidation mode and we are not seeing much action from traders ahead of the FOMC minutes. The FOMC minutes have the ability to move the...
Precious metals benefit from the street’s mass dollar exit on Friday with both gold and silver making pleasing technical developments. Gold Gold’s umbilical-like inverse price action to the U.S. dollar has been once again underlined on Friday. As the U.S. bowed before all and U.S. yields...
Our weekly journey through the precious metals and commodities CFD’s available with OANDA. Jeffrey analyses each using a combination of technical and fundamental analysis.Its been all action this week as crude oil maintains its charge higher as Brent and WTI make 2-year highs. This...
Gold coat-tailed the commodities rally overnight to post a one percent gain and close at 1281.70, unwinding all of Friday’s losses.The mass arrests of prominent officials and businesspeople in Saudi Arabia appears to have spooked the markets with oil in particular and base metals...
Gold and Silver are looking shaky as the week starts, with Saudi Arabia’s new broom looking as if it will provide only temporary relief.GoldThe U.S. dollar reigned supreme following Friday’s U.S. employment data which was bad news for gold, as it wilted and fell from its...
Gold and Silver continue attempting to base as a Tokyo holiday squashes Asian volatility ahead of tonights crucial U.S. employment data.The aviation days of my youth featured some colourful sayings from the Air Force flight line. One of them being  “try not to buy...
Our weekly journey through the precious metals and commodities CFD’s available with OANDA. Jeffrey analyses each using a combination of technical and fundamental analysis.This week, U.S. Interest rates are still rising as we get closer to a decision on the new Chairperson of the...
Crude makes a comeback but there is no such luck for gold as U.S. yields and the big dollar march higher.After a choppy session on Friday where oil spent most of it on the back foot, as the washout of stale long positioning continued...
A strong sense of relief was felt across financial markets on Tuesday evening, after Catalan leaders signed a “symbolic” declaration of independence but immediately suspended its formal approval and called for talks with Madrid.Although President Carles Puigdemont’s remarks disappointed many of his ardent supporters,...
Talking PointsInvestors have shown a positive reaction to the Catalonian leaders’ action Catalonian situation isn’t going away, it is only delayed The bitcoin price broke the $4900 mark yesterday Today's FOMC minutes would provide us more detail about the Fed's stance towards its monetary...
Crude oil traded sideways overnight while gold’s rally continued, with volatility dampened by a U.S. and Japan holiday.OilCrude prices finished broadly unchanged overnight with a U.S. holiday meaning New York trading was subdued. Both Brent and WTI took some solace by comments from the...
With Japanese and South Korean markets returning from holidays, the dollar failed to gain ground against its rivals as investors continued pricing geopolitical tensions between the US and North Korea. On the other hand, the euro and the aussie were in an uptrend as...
Gold shrugs of a stronger dollar to post an impressive recovery, but it is silver’s rally that will have grabbed technical analysts attention. Gold Down, but not out, best describes gold’s price action on Friday. Having sold off to a low at 1260.00, gold staged a...
The pound (+0.42%) gained against the US dollar in London despite the decent political pressure. According to latest news, PM Theresa May could reshuffle her cabinet and exclude Foreign Secretary Boris Johnson. May’s disastrous speech at the Tory party conference last week has successfully...
Oil and Gold both continued to fade into the week’s end with a China holiday seeing a quiet start for Asia.WTI finished unchanged at 51.35 on Friday as the selling pressure continued to be seen in the Brent contract, which closed one percent lower...
Month-end flows in the USD contributed to a very choppy session on oil markets but helps gold up off the canvas. Oil Traders were left somewhat breathless overnight after the dust settled on a volatile session overnight which saw Brent and WTI trade in a 2.50% and...
It was give and take overnight with oil shrugging of a stronger dollar while gold wilted as U.S. bond yields rose. OIL Oil’s appeared to be correcting nicely overnight after the previous day’s impressive rally. That was until the American Petroleum Institute’s (API) Crude Inventory data...
The German election resulted in a disappointing win for Chancellor Angela Merkel’s grand coalition; her victory was spoiled by the rise of the far-right AfD (13%), which made its way to the government for the first time since the World War II. Though the...

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Dollar hurt by U.S. shutdown fears, Treasury yields at highest since 2014

The dollar wallowed near three-year lows on Friday as heightened fears of a U.S. government shutdown unnerved investors, while U.S. Treasury yields continued an...
Bitcoin

Bitcoin Bubble Finally Bursting?

If you’ve been following the entire cryptocurrency saga – you might have noticed that the rock-star of cryptocurrencies experienced a significant drop. We saw...

Europe set to open lower as US government shutdown looms

It’s been a rollercoaster week for US markets with intraday moves of 300-400 point in a day on the Dow, setting new record highs...