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Forex Trading, Market News & Technical Analysis

Today’s Trading Edge: Gold’s bearish slide supported on Fed’s view that gradual removal of accommodation as appropriate

Posted by WorldWideMarkets . on Jul 9, 2017 9:06:15 PM

Gold prices started the trading week slightly higher following last’s week slide that took price below the 200-day SMA.  On Friday, the Fed released their Semi-Annual Monetary Policy Report.  The central bank told Congress that the US economy will strengthen and that further rate hikes are on the way.  The Fed also noted that financial system vulnerabilities remained modest and that the economy grew at a moderate pace over the first half of the year.   

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Topics: gold

Today’s Trading Edge: Gold falls to a 5-week low as Fed seen as taking a more hawkish stance

Posted by WorldWideMarkets . on Jun 19, 2017 10:05:42 PM

Gold prices started the trading week lower as investors rushed to risk assets, supported by FOMC voter Dudley’s hawkish comments.  He noted that he is not worried that a flattening yield curves is a negative signal for US economy, but rather a reflection of global financial markets.  Dudley highlighted that he is confident that the current expansion has quite a long way to go and that he is generally pleased with US economy.  The market focused on Dudley’s stance that the recent data is unlikely to derail plans to keep raising interest rates. 

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Topics: precious metals, gold

Today’s Trading Edge: Gold rises following Saturday’s terror attacks on London Bridge and Borough Market

Posted by WorldWideMarkets . on Jun 4, 2017 9:19:33 PM

Gold prices started the trading week 0.3% higher following the deadly London terror attack on Saturday that had seven people killed and 48 injured.  The attacks come days before the National elections and after the UK government downgraded the country’s threat level to “severe” from “critical”.  Prime Minister May urged for tougher measures to fight extremism. 

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Topics: precious metals, gold

Today’s Trading Edge: Gold surges as US political worries grow and risk delaying President Trump’s growth agenda

Posted by WorldWideMarkets . on May 17, 2017 9:36:57 PM

 

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Topics: precious metals, gold

Today’s Trading Edge: Gold slides as expectations grow for the Fed to hike in June

Posted by WorldWideMarkets . on May 4, 2017 7:02:11 PM

 

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Topics: precious metals, gold, Commodity Futures Trading Commission. CFTC

 

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