forex metals

Gold Gold prices were higher this week, taking their cues from a weaker US Dollar which softened in response to weaker than expected economic data along with the prospect of negotiation between the US and China over the ongoing trade dispute. The latest US inflation data for August came in below expectations at 2.7% vs 2.9% on the headline read...

2018-09-14 James Harte Read more
forex metals

Gold Gold prices remained stable this week, posting a second consecutive positive week after weeks of heavy selling took gold down to levels not seen since summer 2017. The weakness comes despite a weaker US Dollar which remains soft in the wake of Fed chair Powell’s speech at Jackson Hole last week. Powell’s message was one of caution as he re...

2018-08-31 James Harte Read more
commodities wrap

Gold The yellow metal was able to post a minor recovery this week in response to a weaker US Dollar, which posted its second consecutive weekly loss. The fall in the US Dollar comes on the back of President Trump’s comments regarding the Fed where he expressed his disappointment with the bank’s tightening policy which he feels poses a threat to...

2018-08-24 James Harte Read more
forex commodities gold

Gold The yellow metal fell to a fresh nineteen month low this week before posting a mild recovery later in the week as the US Dollar conceded some of its recent gains. The pullback in USD is attributed to news of talks between the US and China over their ongoing trade conflict. It has been announced that a delegation from China, led by Wang Sho...

2018-08-17 James Harte Read more
forex technical analysis

Daily Forex Market Preview, 01/08/2018 The markets were busy with lots of economic data on the tap. In the Eurozone, the flash inflation estimates showed that headline consumer prices increased 2.1% on the year ending June. This was above expectations and even the core inflation rate was seen to have increased by 1.1% on the year. On the dow...

2018-08-01 John Benjamin Read more
commodities gold

Gold Gold prices extended their declines this week having printed just one positive weekly session out of the last seventh as the US Dollar rally continues to build. The market took its cues this week from a lacklustre ECB meeting which saw the ECB reaffirming its commitment to winding down QE this year while keeping rate son hold through summe...

2018-07-27 James Harte Read more
Metals

Gold The yellow metal cratered to fresh 12 month lows this week as a resurgent US Dollar and cascading oil prices combined to shunt the safe haven metal lower. The US Dollar has been rallying firmly this week in response to Fed chairman Powell’s testimony before the Senate where he gave a very encouraging outlook on the US economy. Alongside ra...

2018-07-19 James Harte Read more
forex commodities

Gold After suffering consecutive weeks of declines over the last month, the yellow metal was able to rebound higher this week as safe haven inflows saw steady demand. With the market bracing for the implementation of bilateral US/ Chinese tariffs on Friday which is set to affect billions of dollar’s worth of each country’s goods, there has been...

2018-07-05 James Harte Read more
precious metals

Gold The yellow metal was down heavily this week as the US Dollar continues to extend its recent bull run, as the market continues to trade off US rate hike expectations. Following the Fed’s second rate hike this year and the upward revision to its rates forecast, which now projects two further hikes this year from one previously, the market ha...

2018-06-28 James Harte Read more
forex weekly commodities wrap

Gold The yellow metal rose slightly this week, taking its cues from a weakened US Dollar which fell in response to the June FOMC meeting. The sell-off came despite the Fed raising rates as expected and upgrading its rate hike forecast for the rest of the year from one hike previously to two hikes. The weakness is reportedly due to President Tru...

2018-06-14 James Harte Read more