European Stocks Rebound From Previous Day’s Losses; Rally in Oil prices Support. European stocks are expected to open higher on the last day of the week after seeing sharp correction in previous trading session.
Asian stocks along with commodities recovered from previous day’s losses as investors shrugged off recent FOMC meeting’s minutes following subdued US economic data. The Germany DAX 30 future was trading 0.40% higher at 9876.40, suggesting a gap up opening for European stocks. On daily chart, DAX 30 index has immediate major support placed at 9800 and as long as bulls defend this level, there is possibility of rebound from current levels. On higher side, 10, 000 would act as immediate resistance for the index. A decisive break out this level would be bullish for the index and we would see fresh buying coming in the index.
Yen Bulls Enjoying the Gains with Resurgence in Risk Off Mood. Gold to Log Biggest Weekly Decline in Eight Weeks; Crude bullish above $50 level. Gold Gold prices steadied in the early Asian session, trading at $1256 an ounce after logging losses in the last two days.
The yellow metal is on track for its biggest weekly decline in eight weeks on the back of strengthening dollar and rising speculation that Federal Reserve might increase interest rates by this June. The safe-haven asset has already shed 1.8% for the week, the biggest such drop since the week ended on March 25. Also, On Thursday, New York Federal Reserve President William Dudley said that the US economy could be strong enough to warrant an interest rate increase in June or July.
Gold Prices slipped as Fed Rate Hike Speculation Awakens; Remains Below $1280. European Stocks See Weakness Amid Fed Rate Hike Jitters; CPI eyed. European stocks are expected to open lower on Wednesday tracking the weakness in global markets.
Asian stocks slipped lower today as dollar index strengthened on prospect of US interest rate hike. The Germany DAX 30 index future was trading 0.60% lower at 9810, suggesting a gap down opening for European stocks. Volatility is expected in today’s session as lot of economic reports lined up for the day. On daily chart, following its failure to hold above key technical level of 10,000, the index has slipped to its immediate support near 9,800.
Bullion to Boost on Weaker Chinese Figures; Analysts Forecasts a Bearish Trend for Crude. Gold Gold prices edged 0.8% higher in the early Asian Hours trading at $1282.65 an ounce as weaker economic growth in china and weakness in Asian stock markets lifted the safe haven appeal for the precious metal.
On Saturday, Weaker than expected China’s factory output and retail sales data raised concerns for the investors as world’s second largest economy is not stabilizing ahead. On the other hand, stronger than expected US economic data last week renewed expectations that Fed might hike its interest rate more than once this year. U.S. retail sales in April recorded their biggest increase in a year as Americans stepped up purchases of automobiles and a range of other goods, suggesting the economy was regaining momentum after growth almost stalled in the first quarter. Technically, if gold prices sustain above $1280 in the current session, we might see some technical buying in next few sessions. European Stocks Inches Lower as Earnings Disappoint, Euro-Zone GDP Eyed.
Continuing previous day’s disaster , European stocks are expected to open lower in today’s trading session as Asian stocks tumbled.
Asian stocks dropped as crude oil prices retreated and technology stocks weakened following continuous slump in share price of Apple. The Germany DAX future was trading 0.4% lower at 9810. Investors also looked ahead to key GDP due from euro-zone countries which would further provide the direction in the market. On daily chart, the DAX 30 index has again moved below key technical level of 10,000, suggesting bulls are finding tough to sustain at higher levels. Failure to hold above 10,000 also suggest that market could see further near term weakness to 9600 level where the next major support lies. European stocks again came under selling pressure with major benchmark indices moving below key level as quarterly earnings disappoints.
Gold Tumbles as Fed Concerns Rises Again; Crude Losing Momentum on Iran’s Rising Output. Gold Gold prices edged 0.3% higher in the early Asian session trading at $1275.15, after falling around half a percent in the last session on the back of rebound in the greenback, overall the bullion in on track to post the biggest the weekly decline since March as a firmer US dollar cut the metals appeal.
The dollar strengthens overnight after Boston Federal Reserve President Eric Rosengren said that the Fed should raise interest rates if data confirms a confident Jobs Market and inflation outlook in the second quarter. Weaker Asian equities following a bull’s view on the Wall Street supported the bullion to rise early in the session. Gold has already gained around 20% this year after a series of weaker US data, which also eased off the expectation of rate hike. Also, holdings at SPDR Gold Trust stood at 27.11 Million Ounces on Thursday. Bullion Rebounds on Weaker Dollar; Crude Slips as Oversupply concerns Rises. Gold Gold prices rebounded from its two week low in the early Asian session, trading at $1273.65 an ounce as the greenback has surrendered some of its gains.
The bullish signals for the metal eased after it failed to break the technical level of $1300 last week, but overall it’s up by 20% for the year on expectations of US rate hike seem to be faded. Yellow Metal Weakens on Dollar Strength, Crude Eye on API Economic Figures for The Day. Gold prices steadied in early Asian session at $1266.80 after slumming 1.83% in the last session as US dollar gained strength.
The bullion has marked itself losing in five out of past six sessions, getting failed to hold above the major resistance of $1300. The dollar drifted to its highest in nearly two weeks against the basket of major currencies, making dollar dominated assets such as gold more expensive for the holders of other currencies. Prices also went under pressure after Chinese reported its consumer inflation figures in red. In context to physical demand, Indians bought a third less gold than last year during the annual Hindu and Jain holy festival of Akshaya Tritiya, it is expected that droughts have hit the earnings of millions of farmers and the metal’s price rallied.
Technically, the resistance level can be given at $1280 and support at $1245. Euro & Sterling Again in Red on Revival of Brexit Fears & Cyclical Situations in Support Of Greenback. Placing its winning streak for the fifth straight session against its major rivals overseas, dollar index continues its journey in green zone.
At present, the greenback currency is trading at the levels of 93.98 up by 0.16% compared to its previous close of 93.83 levels as markets continue to digest the NFP and other reports released past Friday. Indeed the greenback currency is struggling hard to regain its lost throne of 94 levels below which the sentiments tends to remain bearish for it. In the previous session, despite the negative numbers from employment reports according to which non-farm payrolls ascended by 160,000 jobs below the expectations for 205,000 advances, the greenback currency ended the day in green dominating its rivals clubbed with other reports, market saw the continued expansion in Labor market of US with rising wage inflation.
The index traded within the range of 93.17 to 93.86 levels ending the day in green up by 0.63%. Sterling Slipped Again Further Paring Gains from Its Multi Months High. With release of mixed economic data from US in the previous session, the dollar index managed to end the day in green for the second straight session.
It wavered within the range of 92.84 to 93.36 levels ending the day adding the gains of 037% to its basket after mixed data released on the radar eased some growth worries in the world’s biggest economy. While weak ADP employment report pointed towards weak employment growth in private sector, positive factory orders data, trade balance and ISM non-manufacturing PMI managed to pare the worries over weak growth. For now, with Asian markets digesting the economic releases from US and few European traders hitting the board, the index snapped its winning streak bouncing from the highs of 93.30 levels attained earlier in the session. The greenback currency is at present trading at the levels of 93.22 down by 0.05% compared to its previous close of 93.27 levels.
All Eyes on US NFP Report; European Stocks Seen Opening Flat. European stocks are expected to give flattish start on Friday as all eyes has shifted to US non-farm payroll data due to release later in the day. Meanwhile, Asian stocks ticked lower today following recent weak economic data which raised concerns over global growth slowdown. The Germany DAX30 index future was trading 0.15 lower at 9816. On daily chart, DAX 30 has moved below key psychological level of 10,000 and after this, the next major support level to watch is 9600.
Following its recent correction, we expect the index is likely to gain strength and any further correction would be consider as good opportunity to buy. The positive trend would be confirmed once its reclaims key technical level of 10,000. European stocks ended slightly higher on Thursdays as investors digested mix set of quarterly earnings while surge in crude oil prices supported commodities linked sectors. The broader continued remain range bound from last couple of weeks in wider range from 2040-2100. European Stocks Seen Flattish Opening; Focus Remains on Earnings. European stocks are expected to give flattish start on Tuesday tracking mixed trend seen in Asian stocks. Asian stocks traded mixed as investor digested surprise rate cut from Reserve Bank of Australia and weaker than expected manufacturing survey from China.
In a surprise move, the Reserve Bank of Australia reduced its key benchmark interest rate on earlier Tuesday, reducing by 0.25% to 1.75%. The Germany DAX 30 index future is trading flat at 10,119, indicating a flattish start. On daily chart, the DAX 30 index has moved below crucial level of 10,200, suggesting an underlying near-term trend could be under threat. The DAX index has immediate support placed at 10,000 and if it moves below this level, we would see further weakness in the market.
Bullion Climbs to Nearly 1-Year high As Dollar Index Tumble. Gold prices continue to trade in bullish mode, surging more than 1% higher at $1279 in early Asian session on Friday. Prices climbed to its highest level in a week as the bank of Japan remained steady on their monetary policy, boosting Yen against the dollar and also, after the Federal Reserve signaled that they are in no rush for hike in future amid an apparent slowdown in US economy. Dollar slid 0.7% against the basket of currencies after the FOMC statement.
Later, the U.S. currency came under further pressure after the Bank of Japan defied market expectations for more monetary stimulus which led to nearly 3 percent fall in dollar as was its biggest daily drop since August 2015. Technically, indicators following the bullish signals and investors will be looking for breakout at $1280 for more movement on upside. The strong resistance level can be given at $1307 and support at $1260. Dollar Index Extend its Weakness for Fifth Session, Slips to 1-Year Low. The US dollar index conditioned to remain under selling pressure as the greenback crumbled under the combined weight of BoJ inaction and weak US economic data. Currently, US dollar index which measures the strength of the greenback against the basket of six major currency pair is trading 0.42% lower at 93.35.
Today’s decline in dollar index marks its five consecutive decline against other major currencies as dollar bulls get disappointed on couple of factors including weak US macro data, Federal Reserve dovish stance & BoJ inaction. Report released on Thursday, showed that US GDP grew by just 0.5% in the first quarter of 2016, the slowest pace in last 2 years. On daily chart, the dollar index has broken below key support level of 94, suggesting a technical weakness in the prices. We expect weakness to continue as long as the currency pair trade below 94 with next major level to watch is 91.90. From last few weeks, euro continued to consolidate in wider range from 1.10-1.15. European Stocks Seen Opening Lower After BoJ Inaction Disappoints Investors. European stocks are expected to open lower on Thursday as investors reacted negatively to the outcome of BoJ meeting. The Bank of Japan held off from easing its monetary stimulus on Thursday, disappointing the investors who were expecting further monetary expansion.
The Germany DAX 30 index future is trading 0.70 % lower at 10,272, suggesting a subdued opening for European stocks. Investors would take further clues of slew of economic data scheduled to release today. Crude Ticks Up on Softer Dollar; Weekly Crude Inventories Report Eyed. Gold Rebounds From Friday’s Losses As Investors Await US Federal Reserve Policy Decision. Gold Gold prices edged half a percent higher in the early Asian session, trading at $1236 an ounce.
Prices ticked higher as the greenback gave some of its recent gains, but investors are still cautions about the Federal Reserve policy meeting later this week. Stocks Slip Lower From 4-Month High on Profit Booking; Busy Day on Data Front. European stocks are expected to open marginally lower on the last day of the week tracking clues from Asian Markets. Asian stocks retreated from 4-month high as major companies like Microsoft corp. and Sony corp. reported quarterly earnings that missed the analysts expectations. Investor would be closely following the slew of euro-zone PMI data scheduled to release later in the day to gauges the strength of economic growth recovery. Furthermore, quarterly earnings from major corporate would set the tone in market. Crude Reiterate From 5-Month High As Dollar Surges. Crude oil prices gathered some momentum in early Asian trading session, surging 1.3% higher to trade at $43.73 per barrel. Gold Hurt By Strong USD; OPEC Meeting Eyed For Crude.
Stock Surges to Multi-Month Highs, Easing Monetary Policy Supports. Stocks To Open Subdued; Investors Focus Remain on key Corporate Earnings. European stocks are likely to open in mildly negative territory on back of profit booking following recent sharp surge. However, underlying continued to bias towards bullish after major benchmark indices gave technical break out above their key resistance level. Germany DAX 30 index is presently trading at 0.2% lower at 10,090. Investors would be closely monitoring the first quarter earnings to gauge the strength of business activities. Gold Hurt By Strong USD; OPEC Meeting Eyed For Crude. BOJ Concerned for One Sided Bullish Bets over Yen with 105 levels in View of Yen Bulls. With its Japanese counterpart on multi year highs, dollar index is again wallowed to its multi months lows against its major rivals overseas, testing its major support of 94 levels in the early trading hours, all thanks to the pared expectations for further rates hikes in the coming months by US central bank.
Dipped in red, the index is at present trading at the levels of 94.14 levels down by 0.08% compared to its previous close of 94.22 levels giving a negative start to week with eyes being on the three Fed official’s speeches lined up later today. European Equities Seen Opening Lower; Strength in Yen Weigh on Riskier Assets. European Stocks Likely To Open Higher; Commodities Stocks in Focus. 36221-going-offshore-escape-cftc. Euro Sees Profit Booking; Yen Weakens After Touching One and Half Year Lows. European Stocks to Give Flattish Start Amid Renewed Selling Pressure in Crude oil Prices.
No Bright Future for Black Gold; Gold Likely to Remain Under Pressure. No Bright Future for Black Gold; Gold Likely to Remain Under Pressure. Markets on a Cautious Move with NFP Report in View As Always. Oversupply Concerns Hurt Crude; Investors Eye US Jobs Data to Determine Gold’s Value. USD Bulls Enjoying Reignited Rate Hike Prospects amid Easter Holiday Celebration. Enjoy with our Full Suite of Forex Trading Technologies. Prospect of Rate Hike in April Holds Gold; API Data Eyed for Crude Futures. Oversuppy Concerns Rules Crude Oil; Gold Loosing Safe Haven Appeal Amid Global Recovery.
Flurry Of PMIs Likely to Dominate the Day; Rate Hike Prospects Rejuvenated with Fed Official Remarks. Yellen Induces Positivity in the Markets; Its Time for BOE to Step in. Crude Oil Falls as Rigs Rise; Gold Eases after Equities Bounce-Back. Big Day in Here; Investors Anxiously Waiting for Fed Statement. BoJ Meeting Results Eyed to Determine the Gold Prices. After BOJ, Markets Turn their Eyes on FED. BoJ and FED Meet to Determine the Market This Week. Dark Clouds Of Over-Supply Return to Haunt Crude Prices. BOJ and Fed all Set to Induce Volatility This Week.
After Swinging Upside Down; Markets to Move in Consolidation. The Countdown has Begun: Markets Waiting for Draghi & Co. Gold Prices Continue to Depict Strength on Back of Strong Technical Prospect. PMI Numbers Lined Up at Both Sides of Atlantic; Risk On Hurts Yen. Big Day is Here with Whole Lot of US Data Lined Up Later Today. Forex Market News: A Key Player to Influence the Markets.
Markets Likely to Show Subdued Movement Ahead of US’ NFP data. Risk Appetite Favors Greenback; Radar on Friday’s Jobs Data Release. Equities to Take Some Breather Thanks to Improving Investors’ Sentiments. Dollar Bulls Take a Breath After Friday’s Rally; G20 Expresses Concerns Vulnerability to Global Slowdown. Upbeat US’ data Infuses Cautiousness in the Markets.
Gold Set to End its Best Month in 4 Years; Crude Oil Rides Bull on Hopes of holding the Production Level. Eyes on G20 Summit; Dollar Down with Busy US Economic Calendar. Yen Back in Game with Renewed Pick Up in Risk Aversion. Crude Oil in Red Space on Supply Glut Worries after Settling Higher by Over 5% Yen Enjoying Its Safe Haven Status Once Again as Oil Reverses the Rally. Make the Most of Our Forex White Label Program. ECN/ STP Or Market Maker; Here is Everything You Need to Know. Global Equities Remain Under Pressure Ahead of Yellen’s Testimony. Risk Off Sentiments Help Yen to Pare Its Losses After BOJ Fireworks. Equity Markets Are Likely to Make Green Opening; BOE and Crude Oil Will Be On Investor’s Radar. All that You Should Know About Social Trading. Crude Oil Extend Gains on Hopes of Production Cut; Best Month For Gold as US Data Disappoints.
Markets Taken Aback With BOJ Stunned Move; Yen Lost the Control Completely. Focus Grabbed by FOMC; Investors Sidelined. Database Error. Consider the Following Factors and Set Up a Forex Trading Business. Yen Seeing The Correction; Busy Economic Calendar for Euro Area. Greenback Facing Further Headwinds with Renewed Risk Off Mood. Forex Trading Strategies- Right Way to Give Head Start to Your Investment. Fall in Global Equities Support Gold while Dents Crude Oil. Crude Oil Recovers and Gold Descends as Global Equities Pick up. Markets Shine in the Scenario of High Uncertainty; Radar on US’ NFP Data. Lets Gain from Black Gold’s Pain. Natural Gas Likely To Face Renewed Selling Pressure after Recent Weather Driven Rally.
Currencies Remain Range Bound Ahead of Christmas Holidays; Greenback Losing Upside Momentum. Parallel Between “Taper Tantrum” and Interest Rates Lift-Off. Macro Portfolio Allocation for 2016. Macro Portfolio Allocation for 2016.