Gold Jun '18 (GCM18)
Gold Futures Market News and Commentary
The dollar index (DXY00) on Wednesday fell -0.161 (-0.17%). EUR/USD (^EURUSD) rose +0.0020 (+0.17%). USD/JPY (^USDJPY) fell -0.10 (-0.09%). The dollar index on Wednesday posted moderate losses but remained above Tuesday’s 3-week low. A rally in the S&P 500 Wednesday to a 1-1/2 month high curbed liquidity demand for the dollar. Lower T-note yields Wednesday also weighed on the dollar.
EUR/USD (^EURUSD) on Wednesday moved higher but remained below Tuesday’s 3-week high. EUR/USD garnered support Wednesday on hawkish comments from ECB Governing Council member Holzmann who warned "the current low-interest-rate environment is prompting financial participants searching for yield to take higher risks, which could sow the seeds of a future financial crisis.”
USD/JPY (^USDJPY) on Wednesday moved moderately lower. USD/JPY fell back from a 3-3/4 year high Wednesday as lower T-Note yields sparked short covering in the yen. USD/JPY also fell back on strong Japanese trade dat... Read more
- Dollar Moves Lower on Strong Stocks and Lower T-Note Yields
The dollar index (DXY00 ) on Wednesday fell -0.161 (-0.17%). EUR/USD (^EURUSD ) rose +0.0020 (+0.17%). USD/JPY (^USDJPY ) fell -0.10 (-0.09%). The dollar...
- Gold Continues To Sit And Wait- Gold Mining Stocks Should Outperform Gold On The Upside
Gold may not be exploding on the upside in reaction to the latest inflationary CPI data, but the price is not falling either. At over the $1780 level on...
- Big Battle at Major Three-Star Support
Actionable fundamental and technical landscape for Crude, Gold, Silver and more . . .
- Stocks Climb Toward Record Highs on Strong Q3 Corporate Earnings Results
What you need to know… The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.18%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.28%, and...
- Silver (SI) Breaks Weekly Chart Descending Wedge Resistance
Silver (SIZ21) surged more than 2.5% yesterday, bouncing off upchannel support (on the 4hr chart) and breaking above downchannel resistance (on the daily...
- Dollar Falls on Yuan Strength and a Rally in Stocks
The dollar index (DXY00 ) on Tuesday fell -0.216 (-0.23%). EUR/USD (^EURUSD ) rose +0.0028 (+0.24%). USD/JPY (^USDJPY ) fell -0.01 (-0.01%). The dollar...