By Published: Traders shouldn’t be surprised if gold prices spend most of the week trading sideways ahead of the Federal Reserve’s Jackson Hole Economic Policy Symposium. Weekly Fundamental Gold Price Forecast: Neutral Gold prices (as well as other precious metals) continue to outperform in an environment defined by falling real sovereign yields – that is,
Not clear where the tanker is headed A Gibraltar court released the Grace 1 tanker on Saturday and the ship is preparing for departure. The move came despite US objections and appeals. The US government issued a warrant to seize the ship, saying all oil aboard the ship is subject to forfeiture due to a
Fed Chair Powell speaks at Jackson Hole Economic Policy Symposium on Friday The key event next week her until Friday at 10 AM ET/1400 GMT, when Fed Chair Powell is scheduled to speak at the Jackson Hole Economic Policy Symposium.  The title of his speech is “Challenges for Monetary Policy”.   The meeting minutes from the last FOMC meeting will
Total rig counts 935 versus 931 estimate oil rig counts 770 versus 762 estimate and 764 last week gas rig count 165 versus 169 estimate and 169 last week total rig count 935 versus 931 estimate and 934 last week The price of crude oil was trading at $54.66 prior to release of the data.  The price is currently
Gold Price Talking Points: Gold Prices Pull Back to Support Gold prices are currently testing a level of support at 1509 after setting another fresh six-year-high earlier this week. As discussed in yesterday’s webinar, the longer-term resistance zone that runs from 1509-1527 has helped Gold’s short-term price action build into a range; and a support
10-year bund yields fall to a fresh record low of -0.72% now ForexLive European bond yields are beginning to fall off again on the day and this could be a sign of trouble for markets in the session ahead. US Treasury yields have also pared gains with 30-year yields falling back below 2% to 1.988%
AUD/USD is holding sideways near term and has not overcome any resistance of note and continues to hold above the .6738 January 2019 low as this support is reinforced by .6720, the 2016-2019 support line (connects the lows), according to Karen Jones, analyst at Commerzbank. Key Quotes “The market did recently trade through these levels
 Forex news for Asia trading Friday 16 August 2019 AUD and NZD were movers here today. Neither is too much changed on the session but relative to others the two have been where the action was. For the Kiwi there was plenty of news and data flow, from the manufacturing PMI slipping into contraction for
The Japanese 10-year government bond yield has dropped to -0.25% for the first time since July 2016 amid a global debt rally. Notably, the yield has slipped well below the -0.2% mark perceived by markets as the Bank of Japan’s (BOJ) line in the sand. The central bank has the option of reducing its bond
Down $0.76 or -1.38% The price of crude oil futures are settling at $54.47. That is down $0.76 or -1.38% The high price today reached the $55.33. The low extended to $53.73. Looking at the hourly chart below, the pair traded mostly above the 50% retracement of the move up from the August 7 low. That comes in right at the $54