Tag Archives: markets

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

Australian Dollar Volatility to Continue on China, Jobs Data

DailyFX.com –

Australian Dollar Volatility to Continue on China, Jobs DataAustralian Dollar Volatility to Continue on China, Jobs Data

Fundamental Forecast for the Australian Dollar: Neutral

  • Australian Dollar Continues to Face China-Driven Risk Aversion Threat
  • Upbeat Jobs Data May Trim RBA Rate Cut Outlook, Cap Aussie Losses
  • Find Critical Turning Points for the Australian Dollar with DailyFX SSI

The Australian Dollar succumbed to broad-based risk aversion last week, dropping the most in over four years against its US counterpart. China appeared to be the epicenter of negativity as policymakers attempted to implement a new circuit-breaker system for limiting stock-market volatility. The setup envisioned pausing trade for 15 minutes if shares sustained a loss of 5 percent and stopping it altogether at a loss of 7 percent. read more

Post-ECB Rally Looking Toppy as Euro Data Continues to Disappoint

DailyFX.com –

Post-ECB Rally Looking Toppy as Euro Data Continues to DisappointPost-ECB Rally Looking Toppy as Euro Data Continues to Disappoint

Fundamental Forecast for Euro: Bearish

The first week of the year has brought just the most recent allotment of bad data out of the Euro-zone. This week has seen disappointments in German inflation, German unemployment and Euro zone inflation figures. So, not a great week on the data front for Europe. But this isn’t really a surprise, is it? This is just more of the same that much of the world has become accustomed to. Europe is contracting. The bigger question here revolves around the ECB, and what they might actually do at their next policy meeting. Because after the disappointment that the ECB brought to markets in December, numerous questions have remained as to what they may actually do. read more

New Zealand Needs a Relief Rally to Take Eyes Off RBNZ Rate Cut Bets

DailyFX.com –

New Zealand Needs a Relief Rally to Take Eyes Off RBNZ Rate Cut BetsNew Zealand Needs a Relief Rally to Take Eyes Off RBNZ Rate Cut Bets

Fundamental Forecast for the Kiwi:Bearish

  • New Zealand Dollar Ends Last Week With Strongest Rise Vs. USD in 3-Months
  • Weak CPI on Less Global Demand Keeps RBNZ Ripe for a Rate Cute This Week
  • For up-to-date and real-time analysis on the Kiwi and market reactions to economic factors currently ‘in the air,’ DailyFX on Demand can help.

Risk markets are no longer staring at the abyss as they were at the beginning of last week, which is benefitting markets like equities, Oil, & the New Zealand Dollar. From the start of the year, the New Zealand Dollar has been on its back foot as traders were quick to look at the slack of high-interest rates that the RBNZ could cutto get the economy running smoothly again. The apex of this ‘sell the kiwi against anything,’ move was after the disappointing CPI print on the 19th. read more