Wall Street futures in the red, without recovering. Metals and bonds continue to slide. The dollar remains in the zone of maximums but loses strength. After the sharp fall on Friday in the face of the Fed’s continuing harsh tone, stocks continue to slide. Futures lose around 1% and in Europe the losses are bigger. […]
Tag: Metals
Gold Price Forecast: XAU/USD Remains Weak Hitting One-Month Lows at $1720
Gold extends the decline until it finds support at $1720. Rise in Treasury bond yields continues to put downward pressure on the yellow metal. With no impact data on Monday, the week’s report will be Friday’s US employment report. Gold maintained weakness at the start of the week and fell to $1720, the lowest level […]
Silver sinks below $19.00 on Powell’s remarks and sour sentiment
The price of silver is preparing to end the week with losses of 0.64%. The president of the Fed, Powell, reiterated the objective of the US central bank to lower inflation, even if it generates “pain for households and companies” Encouraging US economic data weighed on white metal prices, which tumbled more than $0.30. the […]
Gold down 1.2% below $1,750
Gold ended Friday with losses, in the aftermath of Jerome Powell’s speech at the Jackson Hole Economic Symposiumwhere he stressed the need to tame inflation, supporting the outlook for higher interest rates from the Fed. In particular, the chairman of the Federal Reserve reiterated his commitment to contain inflation, warning that he expects the US […]
S&P 500: Futures fall with the eye on Powell’s speech
Markets cautiously ahead of Powell’s words. The president of the Fed will present in Jackson Hole and his panorama will be key for the markets. The dollar with modest losses, without clear direction. Wall Street futures are trading in negative territory ahead of Powell’s speech. In Europe, markets are also down. The dollar is losing […]
Forex Today: All eyes on Powell’s Jackson Hole speech
This is what you need to know to trade today friday august 26: Markets remain relatively quiet early on Friday as investors remain on the sidelines waiting for FOMC Chairman Jerome Powell to deliver his keynote address at the annual Jackson Hole Symposium. On Thursday, improving market sentiment made it difficult for the dollar to […]
Gold Price Forecast: XAU/USD surges to 1-week highs at $1,765
Gold gains momentum after breaking above $1,755. Bullish momentum eased after reaching $1765. The focus is on what Powell can say Friday from Jackson Hole. Gold advanced for the third day in a row on Thursday and hit as high as $1,765, the highest level in a week. It is trading around $1762, supported by […]
Forex Today: Dollar correction continues, focus on key data release
This is what you need to know to trade today Thursday August 25: The positive change in risk sentiment weighed on the dollar in the early European session on Thursday and caused the Dollar Index to drop towards 108.00. Reflecting the upbeat mood, US stock index futures are up 0.65%-1% on the day. The IFO […]
S&P 500: Futures show no firm signs of stabilization, the dollar reappears
European markets and Wall Street futures without clear direction. Oil continues to advance while metals fall. Expectation for the start of Jackson Hole on Thursday. The dollar strengthens again after Tuesday’s correction. Wall Street futures are moving without a clear direction, with a weak economic outlook and more monetary tightening ahead. In Europe, the main […]
Forex Today: Markets churn ahead of key events
This is what you need to know to trade today Wednesday August 24: Having snapped a four-day winning streak following disappointing data releases on Tuesday, the Dollar Index (DXY) started to rise early in the European morning on Wednesday. In the absence of high-level data releases, market action turns choppy, with investors remaining cautious ahead […]