Posts Tagged ‘US Dollar’
Gold and Oil News - January 15, 2019 11:23
Gold Prices – Have We Hit The Resistance?
The strength of Gold prices has remained high over the last 10 days since reaching the resistance at just under $1300. If you look left on a daily chart, you can see this was the area that clearly broke down in June 2018. Gold is fighting against higher prices here, a true battle of bulls […]
Gold and Silver Prices Continue to Creep Higher
Gold and Silver prices continued to push towards their recent highs yesterday, aided by the US Dollar which began to slide further away from the 2018 highs. Gold has been on a run lately, after breaking through the 1230 resistance area following the end of November Non-Farm Payroll report. Currently the gains in Gold and […]
British Pound Makes Gains on Brexit News Ahead of US Non Farm Payrolls
Yesterday the British Pound made gains across the board as word surfaced that progress towards an agreement on Brexit is being made. Instantly the Pound surged against all other currencies. The main gains were made against the US Dollar with weaker than forecast trade balance data arriving on US markets opening. While a final deal […]
Gold Price at 12 Month Lows with Non Farm Payrolls to Land
After several negative weeks and months Gold prices are sitting at their lowest point in over a year. The Federal Reserve opted to hold rates on Wednesday which seen Gold sell off further and approach this very important level of $1200. The US Dollar remains strong, as it has since early April this year, whilst […]
Dow Jones is Finding Resistance At 24450
As the United States celebrates Independence Day the Dow Jones and other stock indexes take a breather. The yearly national holiday sees markets close. It is possibly a good time for this break to arrive. Stocks have looked weary due to a backdrop of self inflicted trade tariff arguments from their wacky President, and a […]
Dow Jones Tussles With April Highs as US Dollar Begins to Retrace
After a mixed to down first quarter the Dow Jones index and US stocks are back on the rise. The Dow Jones price has gained over 1000 points since the low in early May, and is now sitting exactly at the April highs as the middle of the month passes. The US Dollar finally gave […]
Gold Prices Jump On Further Rate Increase and Forward Guidance
Gold prices jumped $30 from the lows after the FOMC rate increase of 25 basis points. Along with what was a largely expected rate hike, the Fed hinted that rate increases may continue in a steep upward curve over the next few years. Alongside the hike came comments that the Fed intended to sound hawkish […]
Dow Jones Stumbles and Reverses on Fed Unchanged Interest Rate
The US federal reserve released their quarterly interest rate decision in the United States. They left rates on hold for the next period but hinted at a rate hike maybe on the cards before the end of this year. Once again the Federal Reserve suggested that interest rates are due to rise again. Even though […]