Tag Archives: markets

Gold Primed for a Push Higher- Sell the Fed Rip

DailyFX.com –

Gold Primed for a Push Higher- Sell the Fed RipGold Primed for a Push Higher- Sell the Fed Rip

Fundamental Forecast for the Yuan: Neutral

Gold prices are softer this week with the precious metal down nearly 1% to trade at 1075 ahead of the New York close on Friday. The decline comes amid sharp losses in broader equity markets and on the heels of last week’s massive 2.7% advance with prices largely in consolidation above near-term support ahead of major event risk next week. read more

JPY Sees Biggest Weekly Gain in 3 Months on Risk Rout

DailyFX.com –

JPY Sees Biggest Weekly Gain in 3 Months on Risk RoutJPY Sees Biggest Weekly Gain in 3 Months on Risk Rout

Fundamental Forecast for Yen:Bullish

  • The Japanese Yen Has Risen Against All 31 Of Its Major Peers In The Past Six Months, BoJ Meeting In View
  • Doubt Spills On BoJ’s Ability To Meet Inflation Target And Risk Sentiment May Takeover At Year End
  • For Up-To-Date And Real-Time Analysis On The Yen, Oil And Market Reactions To Economic Factors Currently ‘In The Air,’ Dailyfx On Demand Can Help.

When the Japanese Yen is best performer against the US Dollar over a week and is higher against 31 of its peers over a sixth month span, global markets are typically not ‘Bullish’. This time is no exception as global markets as per the MSCI Emerging Market Stock Index is down for 8 straight days, marking the largest slump since June. Additionally, the continual drop in energy with US Oil breaking $36 toward the 2008 lows of $32.40 and Iron Ore down for 9 straight weeks. read more

Gold Holds Range Despite Fed Rate Hike- Shorts at Risk Above 1047

DailyFX.com –

Gold Holds Range Despite Fed Rate Hike- Shorts at Risk Above 1047Gold Holds Range Despite Fed Rate Hike- Shorts at Risk Above 1047

Fundamental Forecast for the Yuan: Neutral

Gold prices are down for the second consecutive week with the precious metal off by 0.84% to trade at 1065 ahead of the New York close on Friday. A historic week saw the Federal Reserve move to the raise the benchmark interest rate for the first time since 2006, fueling a rally in the USDOLLAR which tested the 2015 close high on the heels of the release. Gold saw the largest single day drop in five months on Thursday but pared a bulk of the declines into the close of the week. read more

Australian Dollar May Drop as Fed Rate Hike Sinks Risk Appetite

DailyFX.com –

Australian Dollar May Drop as Fed Rate Hike Sinks Risk AppetiteAustralian Dollar May Drop as Fed Rate Hike Sinks Risk Appetite

Fundamental Forecast for the Australian Dollar: Bearish

  • Australian Dollar Looks to Fed Policy Announcement for Guidance
  • Risk Aversion After FOMC Rate Hike May Drive Aussie Downward
  • Find Key Turning Points for the Australian Dollar with DailyFX SSI

The Federal Reserve monetary policy announcement is firmly in focus for the Australian Dollar in the week ahead. Chair Janet Yellen and company are widely expected to deliver the first post-QE interest rate hike, nudging the target range for the benchmark lending rate higher by 25 basis points into the 0.25-0.50 percent territory. read more

Deteriorating Sentiment to Fuel Gold Rebound- Supported Above 1080

DailyFX.com –

Deteriorating Sentiment to Fuel Gold Rebound- Supported Above 1080Deteriorating Sentiment to Fuel Gold Rebound- Supported Above 1080

Fundamental Forecast for Gold: Bullish

Gold prices are sharply higher this week with the precious metal rallying nearly 3.9% to trade at 1102 ahead of the New York close on Friday. The gains come amid a tumultuous week for markets with the Dow Jones Index falling more than 5% during the first week of January, marking the weakest yearly start since at least 1896. read more