Bullion

US stocks, gold extend recovery

Tue, 22 Aug 2023 09:44:50 +0000

US stocks, gold extend recovery han.tan@FXTM CY CA Tue, 08/22/2023 - 12:44

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Higher rates for longer should be a headwind for stocks and also gold. Look out for Nvidia earnings, Powell's speech this week.

Week Ahead: Will gold hit new 2-year low?

Fri, 04 Nov 2022 07:20:20 +0000

Week Ahead: Will gold hit new 2-year low? han.tan@FXTM CY CA Fri, 11/04/2022 - 09:20

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If markets had learnt anything this week, it’s that the Fed has got more rate hikes in store as the US central bank battles against inflation that’s at a 40-year high.

And we’re about to get the next chapter in that lesson: the incoming US consumer price index (CPI) is set to be the central focus for markets over the coming week.

Week Ahead: Gold’s presence above $1700 may depend on US inflation data

Fri, 07 Oct 2022 06:27:11 +0000

Markets have of late dared to revive bets over a “dovish pivot” by the Fed, which has helped gold prices recover back above $1700 this week.

However, whether such a recovery can be sustained over the immediate term may all boil down to the upcoming US inflation data release (and also the US jobs report due later today – Friday, October 7th).

Trade of the Week: Gold to retest $1700 support?

Mon, 29 Aug 2022 14:47:10 +0000

Trade of the Week: Gold to retest $1700 support? han.tan@FXTM CY CA Mon, 08/29/2022 - 17:47

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At the start of this new trading week, spot gold has been dragged down to closer to the $1700 mark, although prices have trimmed losses at the time of writing.

Traders spooked by weakness in Chinese data

Tue, 08 Aug 2023 08:23:04 +0000

China's July external trade data came in below market estimates
USD climbs on fears of slowdown in Chinese economy
USDJPY bulls may try revisiting last week's high at 143.892
Bullion bears edging back towards last week's sub-$1925 low

Global markets are cautious this morning after disappointing China trade data fell more than forecast.

Figures showed exports dropping for a third Read More

What is a recession? And what it could mean for stocks, oil and gold.

Thu, 23 Jun 2022 10:46:57 +0000

Things are looking gloomy in the world.

The prices of goods and services are skyrocketing at a pace not seen in several decades, making it more expensive to go about our daily lives.

At the same time, more than 60 central banks around the world have already raised their respective interest rates, and are set to continue doing so for the rest of this year … and beyond.

This combo of red-hot inflation + Read More

Trade of the Week: Gold set to breach $2000 again. What’s next?

Mon, 18 Apr 2022 14:49:34 +0000

Trade of the Week: Gold set to breach $2000 again. What’s next? Vladimir.Bukre… Mon, 04/18/2022 - 17:49

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As mentioned in our Week Ahead outlook (posted on Fridays), gold was expected to rise on a souring outlook for the global economy.

The precious metal duly started off the week by rising to within a whisker of the psychologically-important $2000 mark.

Week Ahead: Hawkish ECB may offer EURUSD support

Fri, 08 Apr 2022 08:00:37 +0000

The battle against inflation is set to take center stage across markets in the coming week.

Major central banks such as the European Central Bank, the Reserve Bank of New Zealand, and the Bank of Canada are set to make their respective policy decisions, and perhaps more crucially convey its future policy intentions to investors and traders worldwide.

Market participants will also be digesting the latest consumer price indexes out of major economies such as China, Germany, and the US in the coming week, and what the inflation data could mean for the respective central Read More

QT: The Fed wants to pull out US$1.1 trillion per year from markets! What could this mean for investors and traders?

Thu, 07 Apr 2022 11:01:14 +0000

Investors and traders worldwide for several months now have been obsessing over how the Fed intends to go about its 'quantitative tightening' a.k.a. QT.

Hold up! What even is QT?

To understand QT, first we must have an idea of QE (quantitative easing).

QE is when a central bank prints money, out of thin air, to support its economy. Recall that the Fed has pumped out trillions of dollars to support markets amid the pandemic.

Without getting bogged down with the complex details on how QE works, here's a simple form Read More

Week Ahead: Will gold get another chance to shine above $2000?

Fri, 18 Mar 2022 07:43:53 +0000

Investors and traders worldwide will be combing through these scheduled major events and data releases, while keeping a wary eye on the latest headlines on the Russia-Ukraine war:

Monday, March 21

CNH: China loan prime rates
USD: Fed speak - Fed Chair Jerome Powell, Atlanta Fed President Raphael Bostic

Read More