European Shares European shares plunged on Thursday, erasing yesterday’s gains, after the Federal Reserve disappointed investors yesterday evening. Jerome Powell dented market sentiment at the end of the US trading session yesterday, killing investors’ nascent optimism by announcing the Fed will to do whatever it takes to tame inflation. Of course, the record 75bp rate…
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Gold Gold prices hedged up during early Wednesday trading but remained close to the multi-week lows touched during the previous session. The precious metal price has recently been closely linked to that of the US dollar, with which it has a strong inverted correlation, as well as to the behaviour of bond yields; against this…
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On the chart, cable has moved clearly into oversold based on the slow stochastic. The price has been below all three of the 50, 100 and 200 simple moving averages since February. Selling in at the current area would traditionally be considered an unacceptable risk except on a very low timeframe, so awaiting a possible…
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Gold Gold prices dropped during early Monday trading, after gaining approximately 1.3% on Friday, following the release of May’s US inflation data on Friday, which revealed that consumer prices rose at the fastest pace in four decades. The precious metal, whose price usually moves inversely to the US dollar, strengthened on Friday, despite the dollar…
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Gold Gold prices are flat during early Thursday trading, barely moving as traders eye the release of important US employment and inflation data, which is coming out later today and tomorrow. The price of bullion remains conditioned by two vectors that have kept it in a narrow range over the last few sessions; on one…
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With US inflation figures due to be released on Friday, investors are likely to continue to back the greenback in the runup to the publication of the numbers, as any bets against it could end up proving costly. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the authors and do not reflect the…
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With price now within the value area between the 100 and 200 SMAs and strongly oversold based on the slow stochastic, a pause seems likely in the runup to tomorrow’s meeting of the BoC. The target for sellers in the medium term seems to be last month’s lows around C$1.25, while to the upside the…
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However, this situation may be short-lived for EU stocks as investors have been disappointed by today’s Spanish surging CPI print (8.5%), which dents expectation of a peak in European inflation. The ECB is now increasingly under pressure to act against rising prices in the region, and investors are likely to pay close attention to Christine…
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European Shares European markets followed the global neutral trend on Thursday following a mixed opening, as traders digest the latest macro developments. Investors welcomed the minutes of the last FOMC meeting yesterday, especially after it indicated the Fed could be less aggressive than initially expected, by changing the pace of its current hawkish approach if…
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Gold Gold prices hedged down during early Wednesday trading; a move dictated by a strengthening US dollar. The precious metal price action has, to a large extent, been determined by its inverted correlation with the greenback, and today’s picture is a perfect snapshot of that dynamic. After a losing streak that lasted for several sessions,…
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