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US Dollar Likely To Post A Recovery
Following Friday's NFP report which showed the US unemployment rate fall below the 5.0% threshold, the markets were unsure how to react. Gold retreated after the NFP release, only to regain its footing and closed at a 4-month high near 1174.
Would There Be A Sequel To The 2008 Financial Crisis In 2016?
Several warnings about the possibility of a market crash in 2016 have certainly been part of the major news headlines nowadays. How would early signs look like or sound like, you may ask?
BoE Keeps The 0.5% Rate
In the BoE’s MPC (Bank of England’s Monetary Policy Committee) meeting on Thursday, the vote was unanimously in favor of maintaining the bank’s rate at 0.5% in the attempt to keep in focus the 2% inflation target.
Gold Remains Bullish Above 1145 - 1140
The markets were unrelenting yesterday as EUR/USD posted new monthly highs including Gold while USD/JPY continued to fall back to below the 117 handle.
EU Economic Forecasts: Inflation To Stay Low, GDP Subdued
The EU released the growth forecasts for the Eurozone today and the picture wasn't rosy. The slowdown from China and faltering growth in the emerging markets, among other factors are likely to contribute to a further slump in the region.
US Dollar To Stabilize After Yesterday's Wild Ride
The US Dollar saw a strong sell-off yesterday as investors questioned the health of the US Economy and the impact of a stronger Greenback.
Kiwi Rallies On Better Employment Data And RBNZ Comments
The Kiwi touched a 3-week high this morning as the New Zealand quarterly employment report came out better than expected and RBNZ Governor Wheeler’s speech.
Gold: 1120 Support Will Be Key
Gold futures have been particularly rough over this week despite a promising rally late last week. Gold gave up all of its gains and is down -1.73% for the week.
Gold - September 29, 2015
XAU/USD has broken the pattern and the down trend which means we will see an upside move till the level of 1172.
Forex Afternoon Wrap – September 29, 2015
The currency markets opened today on a strongly risk aversion note as the Yen made early gains in the Asian trading session and continued to remain firm.
Commodities Drag The Aussie And Kiwi Lower
The slump in the commodity prices since last week has started to push the commodity risk currencies lower. The most affected were the Australian and the Kiwi Dollars both of which have lost -0.57% and -0.47% on the daily basis.
Forex Afternoon Wrap – September 28, 2015
The markets opened today on a quiet note in the Asian trading session. There were no economic releases scheduled during the session as the Asian equity markets trading mixed.
Fed’s Yellen Expects Rate Hike Later This Year
Janet Yellen, Fed’s Chairman, stated on Friday that most probably a rate hike will occur this year, though the timing will be given by the economic outlook.
Weekly Forex Wrap Up - September 25, 2015
The Euro was undoubtedly weak since last Friday and continued its bearish momentum to the downside.
US Dollar Index – Inverse Head And Shoulders Points To A Bullish Continuation
The Dollar index briefly dipped to the lows of 94.35 before staging a strong recovery to trade at 96.47 at the time of writing. The index posted a healthy retracement for the past two days after rallying to 96.52 highs.
Global Economy Down – Gold Up
In the present economic turmoil Gold flourished. Spot rose more than 2%/Oz, converging up over the 100-days SMA and hitting a monthly high of $1,154.00/Oz.
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