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Gold Prices May Fall If PCE Data Puts Fed Outlook Back In Focus

Gold Prices May Fall If PCE Data Puts Fed Outlook Back In Focus

Gold prices marked time Wednesday, managing a narrow retracement following the prior day’s weakness but falling short of substantive trend development. Perhaps tellingly, it was unable to capitalize even as cross-winds from a Brexit-inspired GBP/USD rally weighed on the US Dollar. The greenback’s weakness is typically a boon for the anti-fiat yellow metal. Crude oil prices began the day with a […]
EUR/USD Is Testing Critical Support In Uptrend Channel

EUR/USD Is Testing Critical Support In Uptrend Channel

EUR/USD 4 hour Source: Admiral Markets MT5 with MT5 EUR/USD motive wave The EUR/USD is testing the support trend line (blue) of the bullish trend channel. A bearish breakout could indicate the end of wave A (purple) and the start of a wave B (purple), whereas a bullish bounce could extend the wave A to a higher high. The […]
AUDUSD Daily Analysis – Thursday, August 30

AUDUSD Daily Analysis – Thursday, August 30

AUDUSD failed to break above 0.7381 resistance and pulled back to 0.7275. Lengthier sideways movement in a trading range between 0.7202 and 0.7381 could be expected in the coming days.
Stocks For You To Swing-Trade: WWE, MTOR, TIF

Stocks For You To Swing-Trade: WWE, MTOR, TIF

Wednesday’s Swing-Trades: Long World Wrestling Enertainment (WWE) Long Meritor (MTOR) Short Tiffany and Co. (TIF)
Indian Indices Open Marginally Lower; Banking And Energy Stocks Witness Selling

Indian Indices Open Marginally Lower; Banking And Energy Stocks Witness Selling

Asian shares are trading on a mixed note today. The Nikkei 225 is up 0.1% while the Hang Seng is down 0.7%. The Shanghai Composite is trading down by 0.8%. Back home, India share markets opened the day marginally lower. The BSE Sensex is trading down by 31 points (down 0.1%) while the NSE Nifty is trading down by 13 points (down 0.1%). The BSE Mid Cap index […]
Gold Prices Gain In A Quiet Trade

Gold Prices Gain In A Quiet Trade

Gold prices ended Wednesday slightly higher after a quiet session. XAU/USD revisited the $1208-$1206 area after prices found support at around the $1200 level, but it was unable to break through. In economic news, the Commerce Department reported that gross domestic product increased at a 4.2% annual rate in the second quarter. World stock markets […]
U.S. Interest Rates

U.S. Interest Rates

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What Has (State) Government Done To Our Money?

What Has (State) Government Done To Our Money?

     
“Complacency Hits Epidemic Levels”: Traders Have Never Been More Unhedged For Risk-Off Event

“Complacency Hits Epidemic Levels”: Traders Have Never Been More Unhedged For Risk-Off Event

Bloomberg TV’s Romaine Bostick has put together a fascinating chart that looks at speculative risk sentiment in the futures market, by summing up net spec exposure in traditional risk-off assets: gold, 10-year Treasuries and the VIX: The chart speaks for itself, but as Bloomberg’s Michael Regan explains, “the obvious takeaway is that positioning is all on one […]
The Economy: Winter Is Coming

The Economy: Winter Is Coming

Fans of HBO’s hit series Game of Thrones know well the motto of House Stark: “Winter is Coming.” This motto warns of impending doom, whether brought on by the Starks themselves, devastating multi-year, cold weather, or something far more ominous north of the Wall. At least since Soviet economist Nikolai Kondratieff wrote The Major Economic Cycles in 1925, recessions […]