Gold closed the week at $1,183.16 up $24.61 per ounce (2.12%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, rose 0.45%. The U.S. Trade-Weighted Dollar Index lost 2.40% for the week. Gold Market Strengths Gold traders are the most bullish since the week ending January 2, according to a Bloomberg survey. This shift in sentiment is primarily the result of the dovish tone from the FOMC this week. ...
US Dollar Forecast– Dollar and S&P 500 Traders Hold Breath for Fed Decision In the past few weeks, we have seen a nearly universal dovish shift in global monetary policy. New Zealand Dollar Forecast – New Zealand Dollar May Rise as RBNZ Maintains Hawkish Rhetoric The New Zealand Dollar may rise as RBNZ rhetoric after next week’s rate decision maintains a hawkish lean, clashing with a dovish shift in market expectations. ...
US Dollar Rally at the Mercy of Volatility, Interest Rate Trends The Dow Jones FXCM Dollar Index (ticker = USDollar) mounted its biggest rally in six months this past week. That is a serious reversal of fortune from the technical collapse the currency was facing in the first half of July. Yet, the transition from rebound to full-blown ...
EUR/USD Stays Motionless 'We've kind of traded sideways a little bit. It's largely technical, but there's some geopolitical headlines that may be weighing on risk appetite.' - Commonwealth Foreign Exchange (based on Bloomberg) Pair's Outlook There are still no consistency among the technical indicators, as they are pointing in different directions on the weekly an monthly time-frames. Nevertheless, the currency pair is considered to be capable of rising ...
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