Technical Analysis
Metals, Technical Analysis
Gold bounces off four-week low; remains vulnerable near $4,300 amid Fed hike bets
Gold (XAU/USD) recovers slightly from a nearly four-week low, which it touched during the Asian session on Wednesday, and currently trades just above the $4,300 mark, still down over 0.50% for the day. The escalating Middle East conflict lifted crude oil prices to a fresh high since July 24, stoking inflation fears and reaffirming US Federal […]
by Currency Hedger
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- 2 months ago
Institutional, Technical Analysis
Global bond market sell off
Key takeaways Global bond market sell off haunts markets Global sovereign bonds are selling off as we start a new month. The UK is, unsurprisingly, taking the biggest hit. Two and 10-year yields rose by 10 basis points at one point on Tuesday, and are currently higher by 7 and 8bps respectively. The UK’s debt […]
by Currency Hedger
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- 2 months ago
Metals, Technical Analysis
Gold Drops 1.5% – Are Precious Metals Heading Lower Again?
The rise in oil prices is putting pressure on the precious metals market today, with gold down nearly 1.5% and silver falling close to 2.5%. The move comes alongside higher bond yields and growing expectations for faster interest-rate hikes in the U.S. Volatility may increase this afternoon when the U.S. JOLTS and ISM Manufacturing data […]
by Currency Hedger
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- 2 months ago
EUR, Institutional, Technical Analysis, USD
Eurozone Inflation Comes In Below Forecasts, Unemployment Rises. EUR/USD Reacts
The euro is recovering slightly after its recent losses despite unfavorable data from the euro area, where CPI inflation rose at a slower pace than expected and the unemployment rate increased to 6.4%, exceeding forecasts. EURUSD (M15 interval) Source: xStation5
by Currency Hedger
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- 2 months ago
EUR, Institutional, Technical Analysis
Currency Talk – GBP/AUD, EUR/GBP, GBP/CAD
This analysis from the Overbalance series aims to identify three financial instruments, analysed primarily on the daily/four-hour (D1/H4) timeframe. The analysis utilises solely the Overbalance methodology, which enables the identification of points where a trend may continue or where a reversal may occur. Today’s analysis covers three instruments, assessed solely in terms of their 1:1 […]
by Currency Hedger
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- 2 months ago
Institutional, Technical Analysis
Chart of the Day – DE40 Falls for a Second Straight Session – Dismal German Retail Sales Data.
German retail sales disappointed sharply in July, falling 3.4% m/m versus expectations for a 0.4% increase. This was a significant downside surprise, pointing to weaker private consumption. Moreover, Destatis revised the June reading to 0.0% m/m from the previously reported 0.7% decline. The weak data are not encouraging for equities and the valuations of companies […]
by Currency Hedger
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- 2 months ago
EUR, GBP, Technical Analysis
Euro edges lower against British Pound as Germany’s Retail Sales fall more than expected in July
The EUR/GBP cross loses traction to near 0.8570 during the early European trading hours on Tuesday. The Euro (EUR) edges slightly lower following German Retail Sales data. Traders brace for the preliminary reading of the Eurozone August Harmonized Index of Consumer Prices (HICP), which will be published later on Tuesday. Data released by Destatis on Tuesday showed […]
by Currency Hedger
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- 2 months ago
INR, Technical Analysis, USD
Indian Rupee gets tailwinds from upbeat Q2 GDP, narrowed fiscal deficit
The Indian Rupee (INR) gains sharply against the US Dollar on Tuesday. The USD/INR pair slumps to near 94.80, the lowest level seen in two months, on likely Reserve Bank of India (RBI) intervention, stronger-than-expected Q2 Gross Domestic Product (GDP) data and a narrowed Fiscal Deficit. According to a Reuters report, there has been persistent RBI intervention […]
by Currency Hedger
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- 2 months ago
Metals, Technical Analysis
XAG/USD looks for direction above key support at $65.50 area
Silver (XAG/USD) remains practically flat on Tuesday, holding most of Friday’s losses and trading at $66.60 at the time of writing, with price action contained within the previous day’s range. The broader bullish trend from late July lows remains in play, but failure to breach Monday’s high, at $67.47, might increase pressure on a key support […]
by Currency Hedger
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- 2 months ago
Institutional, Technical Analysis
September risks rise: rate hikes, oil prices and bond yields, plus, the end of an era for Apple
Key takeaways Stocks are pointing to a lower open in Europe later today, as the oil price continues to climb, and bond yields also jump. The Brent crude oil price is back above $91 per barrel, as tensions between Iran and the US heat up. A tanker was hit in the Strait of Hormuz, which […]
by Currency Hedger
- 0 Comments
- 2 months ago