Gold Takes Investors on Roller-Coaster Ride in 2018
On the final trading day of 2018, gold is trading quietly. In the Monday session, the pair is at 1279.49, down 0.08% on the day. With no U.S. events on the schedule, traders can expect an uneventful day. Gold prices...
Dollar Continues Slide as Government Shutdown Continues
The US dollar fell to a 4-month low against the Japanese yen on the last trading day of the year. Thin conditions persist as trading was closed for much of the euro area and Japan. USD/JPY continue to remain heavy...
Dismal 2018 for Canadian Dollar
As we bid adieu to 2018 and welcome in a New Year, USD/CAD is unchanged. Currently, the pair is at 1.3638, down 0.01% on the day. On Friday, USD/CAD touched its high of the year, at 1.3661. There are no U.S. or...
US Futures Higher After Trump Tweet | Gold Prices Focused On Risk Off Events
Gold prices are trading near-six month high thanks to the weakness in the dollar index. The economic data released on Friday pretty much put cold water on Fed being hawkish in Q1 of 2019 and this pushed the dollar index...
Euro Posts Gains in December, Ends 2018 on High Note
On the last trading day of 2018, EUR/USD is trading quietly. Currently, the pair is at 1.1435, down 0.10% on the day. With no U.S. or eurozone events, traders can expect an uneventful day. Looking back at 2018, EUR/USD slipped...
Trump’s Trade Tweet Boosts Confidence in the Last Day of the Year
Trade optimism supports stocks, but dollar not so excited Italy approves revised 2019 budget plan Oil set for negative close after three years Trump’s trade phonecall lifts market sentiment in the last day of the year Investors will have their...
Subdued Trading Expected amid Sparse Economic Data
The U.S. dollar was seen trading a bit weaker on Friday with the markets showing a mixed sentiment overall. The Japanese yen maintained its dominance as the currency continued to appreciate against the U.S. dollar. The sterling was also seen...
Dollar Might Face Hard Times in 2019
Dollar bulls have wined and dined like kings and queens in 2018. The greenback appreciated the most against the emerging market currencies. The earlier part of the year saw the focus on rising US interest rates and political stories lead...
Oil Remains Bid after Inventories Post Small Decline
Oil prices climbed higher after the weekly DOE crude inventories fell by 46,000 barrels last week, the market consensus was for a decline of 2.5 million barrels. The reason oil prices edged higher on a smaller draw, was because yesterday,...
Chinese Manufacturing PMIs to Spread More Gloom at Year-End
PMI gauges out of China will be one of the few highlights in a light economic calendar next week. The NBS manufacturing PMI is released first on Monday at 01:00 GMT, with the Caixin/IHS Markit manufacturing PMI following on Wednesday...
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