Gold dips in Asia as dollar gains weigh on sentiment

Investing.com - Gold prices fell in early Asia on Monday with attention on the dollar after gains last week on renewed views the Fed may hike for a third time this year. Gold for August delivery fell 0.16% to $1,262.52 on the Comex division of the New York Mercantile Exchange. Ahead in the week ...

Japan JP Foreign Reserves: $1260B (July) vs $1249.8B

NZD/USD: tide going out on RBNZ hike expectations – ANZ

Analysts at ANZ noted, in respect to NZD/USD, that it bounced nicely off lows just south of 0.74 and the uptrend remains intact. Key Quotes: "The tide is going out on market expectations for OCR hikes, but that need not necessarily count against the NZD specifically given similar theme ...

Aussie gains on AIG construction index

Australia AiG Performance of Construction Index climbed from previous 56 to 60.5 in July

NZD/USD: closing bearish opening gap, eyes on RBNZ

Currently, NZD/USD is trading at 0.7411, up 0.05% on the day, having posted a daily high at 0.7417 and low at 0.7403. Nonfarm payrolls: positives and negatives - Nomura NZD/USD opened with a bearish gap that has since been filled and trades back on the 0.74 handle. This is the aftermath of las ...

AUD/JPY sticking to tight trading ranges

The AUD/JPY hourly chart is not very telling: the pair lacks price direction and also volatility.Notice the 50-SMA has slipped between the 200- and the 800-period SMAs, denoting an absence of a strong trend. The ADX tracking below 30 at the moment signals the same sideways condition.The prospec ...

The week ahead: eyes on US CPI – Nomura

Analysts at Nomura offered a preview of the week's key events ahead. Key Quotes: "The week ahead, United States: We expect slight acceleration in July core CPI inflation from June with rebounds in core service prices although core goods price inflation may likely remain subdued. ...

Risk reward does not favour selling the dollar at these levels – ANZ

Analysts at Westpac explained that the USD hasn’t been able to buy a trick over recent months, as political turmoil, together with some mixed economic data, especially with regards to inflation, has seen sentiment sour.  Key Quotes: "And even though White House economic advisor Gar ...

USD/NOK shows indecisive pattern

Trend momentum has stalled with the emergence of a Northern doji pattern on the USD/NOK weekly chart.This candlestick pattern usually changes the market's short-term trend from up to neutral, but with the RSI above 60% on this time interval, the likelihood of a reversal from overbought territor ...

Nonfarm payrolls: positives and negatives – Nomura

Analysts at Nomura offered the positives and negatives for nonfarm payrolls. Key Quotes: Positives Nonfarm payrolls (+209k) and private payrolls (+205k) both exceeded expectations.  Manufacturing employment showed a decent increase of 16k after an upwardly revised 12k gain in th ...

Dollar Index technical tone on the verge of improving – BBH

The Dollar Index had its highest close for the week before the weekend. Key Quotes: "The technical tone is on the verge of improving."   "The RSI turned up, and the MACD is set to cross higher at the start of the new week. " "A small bullish divergence may be seen o ...

Gold / Silver / Copper futures – weekly outlook: August 7 – 11

Investing.com - Gold prices fell on Friday as a solid U.S. employment report for July revived expectations for another interest rate increase by the Federal Reserve this year. Gold for August delivery settled at $1,258.28 on the Comex division of the New York Mercantile Exchange. The precious meta ...

Weekly outlook: August 7 – 11

Investing.com - The U.S. dollar rallied against a basket of the other major currencies on Friday, bolstered by a strong U.S. jobs report for July and comments by a Trump administration official about tax reform. The Labor Department reported Friday that the U.S. economy added 209,000 jobs las ...

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