US Dollar Forecast: Trump, Xi Meeting May Derail Data-Driven Trade The US Dollar is trying to return to more “normal”, data-driven trade but a meeting between US President Trump and his Chinese counterpart Xi Jinping may complicate matters. British Pound Forecast: GBP/USD Unfazed by Brexit Trigger; More Fed Rhetoric, NFP on Tap Despite all the anticipation surrounding ‘Brexit,’ the British Pound is little changed even as the U.K. ...
US Dollar Forecast:US Dollar Left Vulnerable as Trump Trade Narrative Unravels The US Dollar remains vulnerable after two weeks of losses as the failure of US healthcare reform puts the “Trump trade” case for steep Fed rate hikes into question. European Euro Forecast: European Political Risks Front-and-Center as ’Green Shoots’ Continue to Show Data out of the Euro-Zone continues to impress, giving the impression that we may finally ...
Gold prices are rebounding, as the US Dollar declines on NFP data. Expectations for today’s NFP (Non-Farm Payrolls) event were set at 200k, and released better than expected at 235k. Also, January’s high was revised upwards from 227k to 238k. Technically, gold prices have found support after declining to a 76.4% Fibonacci retracement level found near $1,200.00. This line has been calculated by measuring the distance between the January ...
Gold prices have gotten crushed; moving from a swing-high above $1,250 just a week ago to below $1,210 as of this writing to tally a total move of -3.3% in a single week. To be sure, there is prime motivation for such a theme which is likely why we’ve seen such little respect of support as Gold prices have been on the way down. With a key Fed meeting next week in which the world may get just the 3rd rate hike from the bank in the past 10 years, the table is set for a continuation of USD-strength ...
Gold Prices have dipped as the US Dollar gains strength ahead of this morning’s USD ISM Manufacturing data. Expectations for today’s event are set at 56.2, and as a high importance event its release is expected to directly affect US Dollar priced assets including Gold. Technically, gold prices have declined substantially after trading to yearly highs earlier in the week at $1,264.06. Now, prices are trading back below their 10 day EMA ...
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