XAU/USD closes the week near $1,920, above the 200-day SMA

Share: XAU/USD closed the week with a 1% weekly decline above the convergence of the 20 and 200-day SMAs. US yields are set to close a 2% weekly increase. Attention shifts to next week’s US CPI and Retail Sales from the US. At the end of the week, the XAU/USD traded with mild

S&P 500 end week lower, despite Friday gains amid mixed economic outlook

Share: S&P 500 closed up 0.14% at 4,457.49 on Friday but lost 1.13% for the week, reflecting investor caution amid global economic uncertainties. US economic data shows resilience with solid service sector activity and tight labor market, contrasting with gloomy outlooks in China and Europe. US Treasury bond yields advance to 4.268% on

Newsquawk Week Ahead 11th-15th September

MON: Norwegian CPI (Aug) TUE: EIA STEO, OPEC MOMR; Swedish Unemployment (Aug), UK Unemployment (Aug) & Wages (Jul), NorwegianGDP (Jul), Germany/EZ ZEW (Sep) WED: IEA OMR; UK GDP Estimate (Jul), US CPI (Aug) THU: ECB Policy Announcement, Norges Bank Regional Network; Australian Employment (Aug), Swedish CPIF (Aug),US Retail Sales (Aug), IJC (w/e 4th Sep), New

​​​FTSE 100, DAX 40 and S&P 500 Try to Stabilize After a Tough Week

Article by IG Senior Market Analyst Axel Rudolph FTSE100, DAX 40, S&P 500 Analysis and Charts ​​​FTSE 100 recovery underway ​The FTSE 100 is recovering from this week’s low at 7,369 amid rising oil and commodity prices and as the governor of the Bank of England (BoE), Andrew Bailey cast doubt on the need for

Yuan misery to end the week for China

USD/CNY daily chart USD/CNY is now trading above 7.34 and that is the highest level for the pair in 15 years. The mounting pressure on the Chinese economy is continuing to weigh on the yuan currency and despite Beijing’s best efforts to try and stem the drop, it is tough to fight a tidal wave