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- Usd Aiming Higher as Upbeat Jobs Data Fuels Fed Hike Bets US Dollar looks poised to continue to advance for a third week as upbeat payrolls data fuels speculation that a Fed interest rate hike will arrive sooner rather than later. Great British Pound Forecast - British Pound Holds on by a Thread- What to Watch in Week Ahead The British pound finished the week notably lower versus the resurgent US Dollar, but a busy week of economic event risk ahead suggests ...
US Dollar Forecast- Dollar’s Rally May Be Just Starting if Risk Aversion Ignites this Week The Dollar finally took a breather this past week. After 12 consecutive weeks of climb, the Dow Jones FXCM Dollar (ticker = USDollar) fell 0.7 percent. Japanese Yen Forecast – Don’t Sleep on the Japanese Yen - Big Things on the Horizon The Japanese Yen surged versus all major counterparts as the US S&P 500 saw its worst weekly decline in over two years. There’s little economic event ...
US Dollar Forecast - Dollar Looks to Close Out Best Quarter Since Great Financial Crisis We are only a few days from the close of the US Dollar’s best quarterly performance since the third quarter of 2008 – at the height of the financial crisis. British Pound Forecast - British Pound Goes Back to Basics – Yields Point to GBP Strength The British Pound traded higher versus all G10 counterparts save the US Dollar and Japanese ...
Dollar’s Best Rally in 18 Months Will Stall Without Catalyst Looking into the dollar’s backdrop, there is little of the fundamental motivation we would normally expect the currency to advance on. Without a turn in speculative appetites, groundswell in the market’s rate forecasts or material drop in other majors; the dollar’s rally is ...
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