Higher US Yields, Dollar Send Gold to 6-Week Low

[ad_1] Gold (XAU/USD) Analysis Gold sinks as yields and strong US economy weigh on the metal Gold selloff picks up steam after confluence resistance tag GLD outflows pick up as gold price heads lower The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our

US dollar drifts higher ahead of a light North American calendar

[ad_1] It’s something of a three-day trading week in North America with nothing notable on the economic calendar today or on Friday. That’s contrasted by a busy day tomorrow with US retail sales and Canadian CPI. The lone item of note today is the BOC senior loan officer survey at 10 am ET and that’s

Japanese Yen Hits New Lows as US Dollar Flexes on Higher Treasury Yields

[ad_1] Japanese Yen, USD/JPY, US Dollar, Treasuries, JGBs, China, Commodities – Talking Points The Japanese Yen wilted today after the US Dollar resumed strengthening Treasury yields are outstripping JGBs today, adding to US Dollar lustre China’s outlook remains mired, impacting the region. Will that boost USD/JPY? Recommended by Daniel McCarthy Trading Forex News: The Strategy

S&P500 Futures prod one-month low, yields grind higher as China fuels economic fears

[ad_1] Share: Market sentiment remains sour on China debt woes, geopolitical fears. S&P500 Futures lick its wounds at the lowest level in a month during five-day downtrend. Treasury bond yields approach yearly tops marked earlier in August. Fears emanating from China’s Country Garden, Zhongrong Trust propel debt woes. The risk appetite remains downbeat

Tough week for gold amid higher bond yields

[ad_1] As bond markets puked yesterday, it validated the drop in gold this week amid a firmer dollar as well. Gold may be up 0.3% today (at least for now) but is still down 1.3% on the week and set for its worst performance since mid-June. Looking at the chart: Gold (XAU/USD) daily chart The

Asia FX edges higher, yuan volatile as Chinese inflation shrinks By Investing.com

[ad_1] © Reuters. Investing.com — Most Asian currencies rose slightly on Wednesday, recovering a measure of recent losses as worsening risk appetite favored the dollar, while the Chinese yuan rose in volatile trade after weak inflation data. The dollar fell slightly in Asian trade, but was sitting on strong gains so far this week as

Moderately Higher US Inflation Sees USDZAR Ease

[ad_1] USD/ZAR Analysis Chinese woes impact rand valuations as South African Reserve Bank keeps rates on hold in July ZAR receives slight reprieve as US inflation posts modest rise USD/ZAR long-term trend remains unopposed The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our