Treasury yields

Fed/Treasury announcements may trigger USDInd breakout

Wed, 01 Nov 2023 08:27:29 +0000

Fed/Treasury announcements may trigger USDInd breakout han.tan@FXTM CY CA Wed, 11/01/2023 - 10:27

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Dollar bulls will look to extend uptrend by 265 points, while bears are hoping for potential 120 point move south.

Trade of the Week: Can SPX500_m recover from technical correction?

Mon, 30 Oct 2023 08:23:10 +0000

S&P 500 is now 10% below its end-July peak; set for third straight monthly drop
Relief for equity bulls may depend on 4 key events in first 3 days of November
Events watchlist: US Treasury announcement, FOMC decision, Apple earnings, US jobs report
Current technical pullback may be short-lived; bulls need fundamental boost
Read More

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.

Fitch downgrades US: What you need to know

Wed, 02 Aug 2023 09:28:10 +0000

The US has lost its top-tier AAA credit rating as assigned by Fitch Ratings, now downgraded down one level to AA+.

US Treasury Secretary Janet Yellen “strongly disagreed” with Fitch’s decision, blasting it as “arbitrary and based on outdated data”.

But that hasn’t stopped global markets from adopting a slightly risk-off mode for the time being:

Trade Of The Week: Gold Prices Top $2000…What Next?

Mon, 20 Mar 2023 11:30:02 +0000

The explosive price action gold has displayed in recent days mirrors a speeding train reaching maximum velocity, with fundamental forces fuelling the upside momentum.

On Monday, gold punched above $2000 for the first time since March 2022 as concerns over the health of the banking system sweetened the appetite for safe-haven assets. This positive Read More

Trade Of The Week: Gold Down, But Not Out As February Kicks Off

Mon, 06 Feb 2023 11:17:40 +0000

After tumbling 2.5% last Friday due to an unexpectedly strong US jobs report, gold prices have kicked off the new week on a steadier note.

The precious metal is attempting to nurse deep wounds inflicted by January’s blockbuster NFP report which aggressively fuelled expectations around more US rate hikes from the Federal Reserve. Last month, the US Read More

Trade Of The Week: Are Gold Bears Back In Town?

Mon, 10 Oct 2022 11:31:55 +0000

The past few days have been rocky for gold.

After briefly punching above the 50-day Simple Moving Average early last week, bears hijacked the driving seat as multiple fundamental forces dimmed the metal’s allure. Despite gaining over 1% since the start of October, prices are back below the psychological $1700 level with the path of least resistance pointing south.

Why is gold back below $1700?

Thu, 15 Sep 2022 11:58:52 +0000

Spot gold is currently trading below the psychologically-important $1700 level, and is on course towards revisiting the lows seen in mid-June.

Here are more data points that make for gloomy reading for gold bulls (those hoping that gold prices will climb):

Gold has fallen by 7.8% Read More

Trade of the week: Calm Before The Gold Storm?

Mon, 30 May 2022 11:02:15 +0000

Fasten your seatbelts and tighten up because this could be a wild week for gold!

After experiencing wild rollercoaster swings in May, the precious metal could kick off June with a bang. Gold remains pulled and tugged by various forces ranging from a weaker dollar, Fed hike expectations, Treasury yields, inflation jitters, recessions fears, and heightened geopolitical risks. The fundamentals can be reflected in the choppy price action and periods of calm as bulls and bears bump heads. Prices are trading around $1856 as of Read More

Traders spooked by weakness in Chinese data

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

Traders spooked by weakness in Chinese data han.tan@FXTM CY CA Tue, 08/08/2023 - 11:23

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The dollar has gained a small safe haven bid, the antipodean currencies are sinking, and US stock futures are in the red after Monday’s solid day of gains.