Gold Price Drops as US Treasury Yields Push Higher

Talking Points: – A stronger US Dollar on the back of higher US Treasury yields (both nominal and real) has paved the way for lower Gold prices. – Gold’s symmetrical triangle, previously eying topside resolution, has failed and broken to the downside. – Sentiment for the US Dollarhas started to turn contrarian bullishmidway though Q2’18. […]

EUR/USD Weekly Technical Outlook: Euro May Struggle More Before Higher

EUR/USD Highlights EUR/USD spun its wheels last week, working off overbought conditions More of the same might happen in week ahead, with a dip lower towards support seen possible More broadly speaking, higher prices are anticipated once the current phase is over To view the longer-term technical and fundamental outlook for the Euro, or see […]

GBP to Push Higher if UK Inflation Grows

Talking Points – UK inflation may hit 3.0% prompting BoE governor Carney to explain to Chancellor Philip Hammond why. – UK consumer spending may be crimped further, hurting growth. Looking for trading ideas? – Get your free DailyFX Third-Quarter Trading Forecast and Trading Guide here. The British Pound has enjoyed a healthy run in the […]

Dollar Drop to Eight-Month Low Fires Euro, Pound Higher

Talking Points: – Dollar weakness continues to drive as we near the close of Q2, and this has created outsized rallies in European and British counter-parts. – Gold prices continue to fall as indication of increasing inflation expectations that are percolating through many major economies. – For trading ideas, please check out our Trading Guides. […]

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Euro Surges, Driving EUR/USD 150 Pips Higher In Extreme Illiquidity

Talking Points: A EUR/USD surge in the ‘after hours’ Thursday night rippled through the FX market Periods around market holidays are known for illiquid trading conditions There were no obvious headlines promoting the dramatic move Would you like to know more about trading currencies or commodities? Check out our DailyFX webinars. A seemingly quiet transition […]

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Crude Oil Prices Close Weekly Trading Higher

Talking Points: Crude Oil prices have bounced to close Friday’s trading higher, despite Fed Chair Janet Yellen’s statement that interest rate hikes may occur “Fairly Soon”. This bounce should be seen as significant as other commodities such as Gold are set to close this week’s trading near their monthly lows. Going into next week’s trading, […]